N AMERICA: Molson Coors unveils new CEO, CFO

Molson Coors has announced the names of its new CEO and CFO.

The North American brewer, whose current CEO and CFO are moving to MillerCoors, confirmed today (10 June) that Peter Swinburn has been appointed as president and CEO and Stewart Glendinning will move to become Global CFO.

Both appointments will take effect when MillerCoors, Molson Coors and SABMiller's joint venture in the US, begins operations at the end of this month.

Swinburn, currently the president and CEO of Coors Brewing Company in the UK, joined the company in 2002 during the Coors Brewers acquisition in the UK. Glendinning, who joined Molson Coors in 2005, is currently the CFO for Coors Brewers, the UK-based subsidiary of Molson Coors.

"We are very pleased to have leaders like Peter and Stewart step seamlessly into these critical roles and take our company into its next exciting chapter," said Molson Coors' chairman, Eric Molson.

Pete Coors, Molson Coors' vice-chairman, added: "Our vision for Molson Coors is to be a top-performing global brewer with great brands and inspired employees. Both Peter and Stewart ... are passionate about the beer business and about the people they lead. Although we'll miss working with Leo Kiely and Tim Wolf on a day-to-day basis, we are pleased to be in the very capable hands of Peter and Stewart going forward."