Dan O'Neill, the CEO of Canadian brewer Molson, who has come under a degree of criticism of late, has received a show of support from his board.

O'Neill's future at Molson has been the subject of speculation in the Canadian press as the company felt the pressure of a stagnant Canadian market and troubles at its Brazilian unit Kaiser.

However, in a statement the board said it had granted O'Neill 400,000 share options saying: ""The grant reflects the board of directors' ongoing support for Mr. O'Neill."