UPDATE 1-MillerCoors names new CEO to replace Kiely
* MillerCoors CEO Leo Kiely to retire on June 1
* Chief Commercial Officer Tom Long to succeed him
* SABMiller shares off 1.5 pct; Molson up 0.4 pct
NEW YORK, April 27 (Reuters) - SABMiller PLC (SAB.L) and Molson Coors Brewing Co (TAP.N) said on Wednesday that Tom Long would become chief executive officer of their U.S. joint venture MillerCoors following the June 1 retirement of Leo Kiely.
The brewers said the appointment of Long, currently MillerCoors' president and chief commercial officer, was consistent with plans made in late 2007 when they made the deal to combine their U.S. operations into the MillerCoors venture.
Long joined Miller Brewing in 2005, while Kiely headed the U.S. business of Molson Coors.
Shares of Molson Coors were up 0.4 percent at $48.96 on the New York Stock Exchange, while SABMiller was down 1.5 percent in London. (Reporting by Martinne Geller; Editing by Lisa Von Ahn)
- Tweet this
- Share this
- Digg this