Coors Brewing CEO resigns
September 14, 2007
The Associated Press reports that Frits van Paasschen is resigning as president and chief executive of Coors Brewing Co. to take a job outside the industry, parent Molson Coors Brewing Co. announced. In an e-mail sent to employees, Molson Coors Chief Executive Officer Leo Kiely said he will take over van Paasschen''s duties until a replacement is found. Van Paasschen joined Coors from Nike Inc. in March 2005 after Adolph Coors Co. and Molson Inc. combined to create one of the world''s largest brewing companies. He has more than 20 years of experience in business. Peter H. Coors, Coors Brewing executive chairman, will work with Kiely on a daily basis to oversee the operation, the e-mail said.