Mr. Alvarez owns over 40,000 units of Cullen Frost Bankers stock worth over $38,602,200 and over the last 20 years he sold CFR stock worth over $16,671,380. There are 18 executives at Cullen Frost Bankers getting paid more, with PhilipGreen having the highest compensation of $4,763,230. Internet Privacy Disclosure | Terms of Use | Consumer Complaint Notice. Mr. Alvarez has made significant contributions to these and other educational institutions endowment programs, particularly those geared toward driving greater international engagement. As an institution expressly founded to advance the education of Mexican Americans and other underserved communities, our university is committed to ending generations of discrimination and inequity. It added new fermentation tanks, created the brewery's first testing laboratory for quality control, and built a new warehouse. The shares were sold at an average price of $105.04, for a transaction totalling $4,201,600.00. And one small company is building them for the Pentagon! He considers the time, place and meal before him. Alvarez gifts have also been leveraged to generate millions in additional gifts and state matching funds for UTSA. [My wife and I] are certainly going to go out there and tell a lot more people about [the] successes that the university is having, said Carlos Alvarez, who thanked UTSA for the honor of being only the second family for whom a building has been dedicated. "Being successful, you and your familywith your family," Alvarez said. The Carlos and Mal Alvarez Residence Hall, formerly San Saba Hall, was completed in 2013 and houses 618 students in a suite-style layout. Gambrinus also sells and markets beers from the Trumer Brewery in Berkeley, California. The Gambrinus Gold Beer Can is a Steel Gambrinus Gold Can. Carlos Alvarez serves as Independent Director of the Company. Barton Brands Ltd. of Chicago controlled the rest of the country. Alvarez said he, like hundreds of thousands of other immigrants, came to America to work. The beer was so popular that in many instances it had to be rationed to bars, restaurants, and stores. He reaches for Shiner Bock, he says. Nonprofit journalism for an informed community. Carlos Alvarez, CEO, The Gambrinus Company Carlos Alvarez is CEO of The Gambrinus Company, which he founded in 1986 in San Antonio, Texas. learn how over 7,000 companies got started! Shiner had something of a cult following among the city's young adults and was making inroads in Houston and Dallas. With its Pete's Wicked Ale and savvy advertising strategy, the company was an early success story in the rising microbrewery business. Cullen/Frost Bankers can also be reached via phone at (210) 220-4011 and via email at [emailprotected] Learn More on Carlos Alvarez's contact information. Following the completion of the sale, the director now directly owns 334,000 shares of the company's stock, valued at $35,083,360. Alvarez will receive a Doctor of Letters, honoris causa, for his accomplishments in business and contributions to higher education. But while he was running his business and building a family, the thought of achieving his own citizenship remained on his mind. Gambrinus is a leading U.S. craft brewer and marketer with breweries in Shiner, Texas (The Spoetzl Brewery) and Berkeley, California (Trumer Brewery). We sold 600 cases, 20 bottles in each case, our first year in Austin. Mr. Alvarez was born in Mexico City and raised in Acapulco, Mexico where his father established a Corona beer distributorship in the mid-1940's. Alvarez learned the beer business from the ground up. . He said his father made him work hard, and he learned the basics from a beer truck. VP. The Alvarez family owns the Gambrinus Company in San Antonio, which sells and markets Shiner Beers. Experienced Business Head with a demonstrated history of working in the telecommunications industry. Inspired by the country he calls home, Alvarez has donated millions to fund education while assisting in times of natural disaster. The Gambrinus Company Overview. Its hard to imagine, as well, the beer market in Texas and the United States without Corona beer in its signature tallneck bottle with the familiar painted label. I got the (Modelo) job because of my English, not because I was experienced in exporting beer.. Previously, Carlos was the Board Me mber at Frost Bank and also held positions at World Affairs Councils of America, National Public Radio, Saint Mary's Hall. The Spoetzl Brewerynamed after its original brewmaster Kosmos Spoetzlwas founded in Shiner, Texas in 1909. The Gambrinus Company, headed by President Carlos Alvarez, is a privately held corporation located in San Antonio, Texas. The products and services offered on this third party website are not provided or guaranteed by Frost. Chairman & Chief Executive Officer at The Gambrinus Company . Mr. Alvarez has made significant contributions to these and other educational institutions endowment programs, particularly those that drive greater international engagement. He and his family are originally from Mexico, and he founded the company in San Antonio, Texas, in 1986. He canceled all of the contracts to brew other companies' brands, even though the work amounted to one-quarter of the brewery's annual revenues. Join UTSA Libraries Special Collections and Fonda San Miguel for a fundraising event honoring the late, great Mexican cookbook author Diana Kennedy's 100th birthday. Senior Administrative Coordinator for Academic Affairs . Alvarez is Chairman and CEO of The Gambrinus Company, which he founded in 1986 when he moved from his native Mexico with . Carlos Alvarez NPR Board member Carlos Alvarez is CEO of The Gambrinus Company, a leading craft brewer in the United States that he founded in San Antonio, Texas in 1986, . Gambrinus is best known as the owner and brewer of Shiner Beers, which are brewed at the Spoetzl Brewery in Shiner, Texas. Although Alvarez had no intention of tampering with the brewing process, he made other changes as soon as Gambrinus took over the Spoetzl Brewery. The Gambrinus Company filed as a Domestic For-Profit Corporation in the State of Texas on Monday, January 27, 1986 and is approximately thirty-seven years old, as recorded in documents filed with Texas Secretary of State. less. Building on its U.S. success, Corona was now sold in more than 140 countries and had become the top-selling Mexican beer in the world and the fifth largest overall. Gamechanger Brewing Company, Pittsburgh, Pa., produces a 6-pack of Ohio State Cans. Staff file photo. It was in 1986 that Alvarez left Modelo to distribute Corona on his own, creating The Gambrinus Company, named after the mythic Flemish king known for his love of beer. Carlos Alvarez is the Chairman & Chief Executive Officer at The Gambrinus Company based in San Antonio, Texas. Alvarez was granted Corona distribution rights in Texas and 24 eastern states. Restaurant, sculpture and park memorial among projects OKd by city design panel, San Antonio City Council narrows District 7 applicants to one: Rosie Castro, South Side hospitals pending closure sends officials scrambling to fill gaps, Proudly powered by Newspack by Automattic. It's easy to unsubscribe if we're not a good fit for you. The importers stayed the course with the beer's 'vacation in a bottle' message and simply waited for the fad drinkers to leave the market and allow the brand to build on it base of loyal customers in a sensible manner. The Gambrinus Company is a family-owned company located in San Antonio, Texas. To accommodate a lime wedge, so often associated with the beer, the can was designed with a wide mouth opening. In the eastern distribution territories, the word was that Corona was heavy on calories, a charge that Gambrinus answered with full-page ads to set the record straight. This rating has improved by 4% over the last 12 . The brewery is 100% family-owned and is a certified craft brewery by the Brewers Association. Carlos Alvarez has now lived in San Antonio longer than he ever did in his native Mexico. Carlos Alvarez is 69, he's been the Independent Director of Cullen Frost Bankers since 2001. Under the stars, it makes for a breathtaking scene. My English was a treasure, he said. Carlos Alvarez. SAN ANTONIO - The founders and owners of the Gambrinus Company, Carlos and Mal Alvarez, have committed a $20 million gift to UTSA's College of Business. SAN ANTONIO Shiner beer is a staple in the Lone Star State, and every drop is brewed out of the Spoetzl Brewery in Shiner, Texas. The Alvarez Family created the Carlos and Mal Alvarez Endowment for Student Success, the Alvarez Graduate Research Education Excellence Fund and the Alvarez Challenge Match for Graduate Student Excellence Fund. The changes made by new ownership soon began to show results. These facilities were further enhanced by the donation by Doug and Juli Muhleman of four small-scale brewhouses and by Carlos Alvarez (Gambrinus) of an extensive range of new brewing and packaging equipment, including state-of-the-art small scale fermenters and small-scale malting equipment. NAIC: 42281 Beer and Ale Wholesalers; 31212 Breweries Key Dates: 1981: Corona Extra is introduced in U.S. market. No te la puedes perder! The Gambrinus Company includes more than . Carlos Alvarez has not been actively trading shares of Cullen/Frost Bankers within the last three months. Get a basic understanding of Creative Commons licenses and how integral they are to publishing in open access journals. Learn More on Cullen/Frost Bankers' active insiders. The Carlos Alvarez College of Business is the largest business school in the University of Texas System and one of the 30 largest in the United States. There are 2 older and 23 younger executives at Cullen Frost Bankers. Finally, we can read about how these great companies came about with Company Histories.. More by Robert Rivard. The wear and tear is real. Shiner is now the largest craft brewery in Texas, and has won a series of awards. We import Corona from Mexico and. Carlos Alvarez, CEO of Gambrinus Co., and his wife Man will be honored for their philanthropy at the 2021 Rose Window Gala on Tuesday at the grounds of Mission San Jos. Mr. Carlos Alvarez is chairman and CEO of The Gambrinus Company, which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. 1986Carlos Alvarez founds The Gambrinus Company and begins selling and marketing the Grupo Modelo brand portfolio Corona Extra, Corona Light, Modelo Especial, Negra Modelo and Pacifico Clara in the eastern half of the United States and Texas. In the end, they chose to sell the business to Gambrinus. Founder of The Gambrinus Co., Carlos E. Alvarez is Chief Executive Officer & Director at this company. Work Biography for Carlos Alvarez, The Gambrinus Company. He also convinced the reluctant Mexican owners of Cervezera Modelo in Monterrey, the owners of Corona, to expand their production line from the 11-ounce bottles sold domestically to add a standard 12-ounce bottle for the U.S. market. Frost provides a wide range of banking, investments and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio regions. Get notified the next time Carlos Alvarez buys or sells Cullen/Frost Bankers stock. Meet Our Business Members & Supporting Foundations, San Antonio aims to take flight with a new airport experience, Former San Antonio school board member targeted by fringe podcasters with taped conversation. Gambrinus is best known for. Mr. Alvarez has extensive experience in all facets of business, including a strong background in operations and sales. Mr. Alvarez also serves on the Board of National Public Radio. I have a great love for the missions, he said. Learn More on Carlos Alvarez's contact information. The estimated Net Worth of Carlos Alvarez is at least $55.4 Million dollars as of 25 February 2021. UTSA, a premier public research university, fosters academic excellence through a community of dialogue, discovery and innovation that embraces the uniqueness of each voice. The ascendance of Corona in the '80s is a story that is well . Carlos Alvarez is chairman and CEO of The Gambrinus Co., which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. The major brewers were also aggressively promoting competing products, such as Anheuser-Busch's Tequiza, making the future less certain for Gambrinus. Alvarez began negotiations to buy the brewery from the Great Texas Brewing Company, created by a group of Houston investors who had purchased Spoetzl in 1984 and were now looking to sell. The most active insiders traders include Richard W Jr Evans, Jack A Wood, and Charles W Matthews. We see them around but we don't know what goes on behind the scenes. Email . He convinced Modelo to sell its Corona Extra beer outside of Mexico. Dolph Briscoe, to Sam Barshop, and to other community leaders, Alvarez said. First imported to the United States in 1981, Corona caught on mostly with a younger demographic and soon enjoyed explosive growth. Phone: 210-222-8242 Fax: 210-222-8290 Rotary Club of San Antonio 110 Broadway, Suite 220 San Antonio, TX 78205 Here is the media release: CORVALLIS, Ore. - Oregon State University's fermentation science program has received a $1 million gift from Carlos Alvarez, the chairman and chief executive officer of The Gambrinus Company, a San Antonio-based beer company that owns BridgePort Brewing Company in Portland, Oregon; the Spoetzl Brewery in Shiner . Example video title will go here for this video. As the Independent Director of Cullen Frost Bankers, the total compensation of Carlos Alvarez at Cullen Frost Bankers is $124,977. He is a board member of the World Affairs Council of America (Washington, DC) and the World Affairs Council of San Antonio, which he previously served as chairman. Public Affairs Specialist. "Oh, I love beer," said Carlos Alvarez, owner of the Gambrinus Company, which runs Spoetzl Brewery. He used a family recipe he perfected that is still used today, and only in Shiner. Join the conversation as UTSA faculty and students discuss this unique service's benefits and advantages. Information on this page was last updated on 2/14/2023. Eventually Alvarez would have to pay $3.5 million for an operation that, based on its annual revenues, was worth around $1 million. The estimated net worth of Carlos Alvarez is at least $44.42 million as of February 22nd, 2021. Carlos Alvarez (left) president of the Gambrinus Co., presents a plaque commemorating the tenth anniversary of the Gambrinus Company's acquisition of the Spoetzl Brewery to John Hybner, Spoetzl brewmaster. But long before Corona became a market leader, Alvarez was an unknown beer importer freshly arrived in Texas from Mexico, working with two other young partners in Austin, selling Shiner Bock, a limited production Texas cult favorite, and trying to interest bartenders in an unfamiliar Mexican beer. Gambrinus has an overall rating of 3.3 out of 5, based on over 17 reviews left anonymously by employees. Gambrinus expanded beyond the distribution side of the business in 1989 when it began to purchase small specialty breweries. In Austin, he persuaded Modelo to put the beverage in its now well-known clear long necks with the painted label. Click to email a link to a friend (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window). The Registered Agent on file for this company is CT Corporation System and is located at 1627 Quarrier St, Charleston, WV 25311-2124. Chart Data in Insider Trading History Table. Gambrinus had an additional problem in its eastern states by charging the same price as Heineken. This marked the beginning of Corona's journey to become the #1 imported beer int the U.S. 1989Gambrinus acquires the Spoetzl Brewery in Shiner, Texas. Alvarez was born in Cuba in 1950, the youngest of Licinio and Isola Alvarez's three sons. He and his wife, Man, most recently gave the University of Texas at San Antonio $20 million, the largest-ever gift from a living donor. 1986 -Carlos Alvarez founds The Gambrinus Company and begins selling and marketing the Grupo Modelo brand portfolio - Corona Extra, Corona Light, Modelo Especial, Negra Modelo and Pacifico Clara - in the eastern half of the United States and Texas. In the last twelve months, insiders at the bank sold shares 4 times. While sticking to their basic marketing program, Modelo, Gambrinus, and Barton also took measured steps to maintain Corona's position as the top imported beer. In recognition of the contribution, the school will name. In 1986 the company changed its name to BridgePort Brewing Company and opened the BridgePort BrewPub to the public. Within a few years, Alvarez had bought the Spoetzl Brewery in Shiner, about 90 miles east of San Antonio, and set about modernizing its antiquated production facility and creating an ambitious marketing plan. The Banking segment operates commercial and consumer banking services. As Gambrinus worked to grow Pete's and its other specialty breweries and to revitalize Moosehead sales, its future continued to be very much tied to the success of Corona. He went to work for the Modelo brewery, located in Mexico City, starting out in the sales department. Alvarez owns 334,000 shares of Cullen/Frost Bankers stock worth more than $44,422,000 as of March 1st. Best known as the owner and brewer of Shiner Beers, Gambrinus also owns the BridgePort Brewery in Portland, Ore. and the Trumer Brewery in Berkeley, Calif. The Corona partners also looked to sell more to the Latin community, targeting individual Hispanic groups, rather than lumping them together. Gambrinus, with its Spoetzl operation in sound shape, became involved in this consolidation of the craft brewer segment by purchasing the BridgePort Brewing Company in 1995. She sent him to Michigan as an exchange student for five months. Gambrinus is a leading U.S. craft brewer and marketer with breweries in Shiner, Texas (The Spoetzl Brewery) and Berkeley, Calif. (Trumer Brewery). They hired Karl Ockert, a University of California, Davis Brewing graduate, to build and run the brewery. Gambrinus is best known for selling and marketing Shiner Beers, all of which are brewed at the Spoetzl Brewery in Shiner, Texas, throughout the United States. The gift from Alvarez will build on previous investments and secure UC Davis' position as a leader in brewing education. Although the beer was known for its distinctive bottle, the partners decided in June 2000, after years of development, to introduce Corona in cans. (March 23, 2015) -- The University of Texas at San Antonio (UTSA) dedicated Carlos and Mal Alvarez Residence Hall at a ceremony on Friday, March 20. He is committed to education and has served on the board of trustees of Davidson College, School Year Abroad and Saint Marys Hall (San Antonio) and is a member of the Chancellors Circle for the University of Texas system. [BREAKING] New "Living Missile" to Replace Nuclear Missiles. UTSA President Ricardo Romo and UTSA Student Government Association President Zack Dunn spoke about the impact that the Alvarez familys long-time and generous support has on UTSA scholarship and research. Its growth was a flash explosion, rather than something sustainable. Cullen/Frost Bankers, Inc. is a financial holding company, headquartered in San Antonio, with $40.1 billion in assets at September 30, 2020. Eventually, it would prove to be the start of a revolution, but back then, Americans considered it a fake beer. BridgePort, 1995 ylnda Carlos Alvarez'in sahibi olduu Gambrinus Company tarafndan satn alnm ve 2001 ylnda kapasitesi 100.000 varile karlmtr. Corona continued its extraordinary growth during 1987, reaching 20 million cases sold, with Barton distributing the beer throughout its 25-state territory and Gambrinus only selling in Texas and five eastern states. Carlos Alvarez is chair of the board and chief executive officer of The Gambrinus Company which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. Please note that you'll still be able to view the current page on frostbank.com. The Gambrinus Company: A Leader In The Craft Brewing Industry The Gambrinus Company, one of the most successful craft breweries in the United States, is owned and operated by Carlos Alvarez. Carlos Alvarez moved from mexico to san Antonio, texas with his wife malu and his two daughters to establish the Gambrinus Company which he founded in 1986. his company is one of the largest independent beer businesses in the u.s. Gambrinus owns and operates the spoetzl brewery in shiner, texas; bridgeport brewing Company in portland, oregon; the To make matters worse, Corona became the subject of unfounded rumors. Alvarez founded Gambrinus in 1986 after moving from Mexico to San Antonio. Sales of Corona and other Modelo beers outside Mexico eventually grew from 20,000 cases annually to 250 million cases worldwide, Alvarez recalled. It brought back Ockert, who had left BridgePort in 1990, to run the brewery; it invested $3.8 million in equipment, including a new bottling line and a quality control laboratory; it pulled BridgePort from weaker markets, then redesigned the packaging and paid to create a new proprietary bottle; and it instituted the first-ever advertising campaign for BridgePort beers. "Crossing the bridge of Juarez into El Paso really never felt as as great," Alvarez said of when he became a citizen. Gambrinus also sells and markets beers from the Trumer Brewery in Berkeley, California. Please reload the page and try again. Beer magnate Carlos Alvarez is giving $20 million to the University of Texas at San Antonio, its largest-ever gift from a living donor. As part of his pitch, Alvarez says Las Misiones, an Archdiocese of San Antonio nonprofit, raises funds for their upkeep. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services. This net worth evaluation does not reflect any other assets that Alvarez may own. He is also Member of The University of Texas at Austin and Member-Chancellors Circle at The University of Texas System and on the board of 7 other companies. Residents have access to a conference room, computer lab, floor study lounges, laundry facilities and a community kitchen. With confidence in its motto, "Beer brings enjoyment to the world," Gambrinus combines the world-class quality of its partner breweries, imaginative marketing and an disciplined field sales team to build market leading brands while growing the business of its wholesalers and retail partners. They would come back from vacations in Cancn and Puerta Vallarta and tell people the real Corona was in a clear bottle with a painted label.. Learn More about Carlos Alvarez's net worth. We love San Antonio, just like you. Mr. Carlos Alvarez is chair of the board and chief executive officer of The Gambrinus Company which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. 2023 Nonprofit journalism for an informed community. Phone . Spoetzl was now the largest specialty brewery in the Southwest and the seventh largest in the country. Gambrinus is a leading U.S. craft brewer and marketer with breweries in Shiner, Texas (The Spoetzl Brewery) and Berkeley, Calif. (Trumer Brewery). The 1976 documentary The Last of the Little Breweries shares the companys struggle in competing against larger beer companies. More than 100 friends of the Spoetzl Brewery gathered in San Antonio last month for the celebration of the "Shiner Decade." Carlos Alvarez, founder and owner of The Gambrinus Company of San Antonio, Texas, announced a $1 million gift to the brewing science program at UC Davis The gift will fund new brewing and laboratory equipment at UC Davis to create the brewery of the future. Owner Carlos Alvarez founded Gambrinus in 1986. He is committed to education and has served on the board of trustees of Davidson College (Davidson, North Carolina), School Year Abroad (North Andover, Massachusetts) and Saint Marys Hall (San Antonio, Texas) and is a member of the Chancellors Circle for The University of Texas system. Pete's Brewing Company was founded in 1986 by a former engineer named Pete Slosberg and a group of investors. But before Alvarez took over the brewery - the largest manufacturer of craft beer in. The Ponzis knew they either had to curtail expansion plans, step up their commitment, or sell out to a company with deeper pockets and better sales and marketing capabilities. Carlos Alvarez is chairman and CEO of The Gambrinus Co., which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. Owned by Carlos Alvarez, Gambrinus Company of San Antonio, Spoetzl Brewery currently produces four standard styles of beer and two specialty seasonals, encompassed within the umbrella of the Shiner Beer name. He likes beers of all styles, from stouts to Indian pale ales. Carlos Alvarez, an immigrant from Mexico, is a graduate of the Monterrey Institute of Technology with a degree in biochemical engineering. Contact. His Mexican heritage plays a role in his business. Its hard to imagine Gambrinus Company founder and Shiner Beers owner Carlos Alvarez and his wife Mal, the philanthropists behind the Impetus Foundation, struggling to build a beer business after moving here from Mexico in the 1980s. On March 24, 2021 Carlos Alvarez, the CEO of The Gambrinus Company, a leading craft brewer that he founded in San Antonio, . Lacking market data, Gambrinus and Barton did not really know who was buying Corona and why. Last updated: 29 April 2022 at 3:07pm EST. Then the bubble for the microbrewers burst. The Gambrinus Company is proud to partner with its family of beer distributors to bring its portfolio of top quality craft beers to a dynamic and growing consumer base. "I think that I've done my share on the beer side to keep Shiner healthy," Alvarez said. The Alvarezes are grateful for what San Antonio gave to them when they came here from Mexico, and this is their way of paying it forward.. Cullen Frost Bankers executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. It also has made him a major philanthropist. Alvarez wanted to position the product in the premium category, and although Shiner beer had a loyal following that might be disenfranchised, it was small, and Gambrinus stood to gain considerably by establishing the higher price with customers unfamiliar with the brand. Gambrinus Co. is a brewing. The couple has contributed $100,000 to the event. | Obtn ms informacin sobre la experiencia laboral, la educacin, los contactos y otra informacin sobre Carlos Alvarez visitando . When in late 1990 and early 1991, a federal excise tax was increased, Gambrinus recognized a chance to make a price adjustment. Services within private trust, retirement services, and he founded in 1986 by a engineer... Well-Known clear long necks with the painted label fit for you moving Mexico! Was making inroads in Houston and Dallas on his mind laundry facilities and a group investors... 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