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Molson Coors

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Molson Coors (Molson Coors Brewing Company) is one of the largest brewers in the world. It was formerly known as Adolph Coors Company, changing its name when it merged with Canada's Molson in 2005. It is headquartered in Denver, Colorado, U.S. and Montreal, Canada. It mostly sells in the United States, Canada, and the United Kingdom. Brands include Coors, Coors Light, Blue Moon, George Killian's Irish Red, Keystone, Zima, Molson Canadian, Carling, Worthington's ales, Caffrey's, Reef, Screamers, and Stones. [1] [2]

In October 2007, Molson Coors and SABMiller announced that they are merging their U.S. operations. Anheuser-Busch will still remain the number one beer maker in the U.S. [3]

Contents

Water and corporate social responsibility

As part of the company's corporate social responsibility efforts, Molson Coors funded a "global public opinion survey on attitudes about fresh water sustainability, management and conservation," in conjunction with the water-focused journalism group Circle of Blue and the polling company GlobeScan. The poll results were announced at World Water Week, in August 2009 in Stockholm, Sweden. [4]

In July 2009, Molson Coors announced "a strategic collaboration" with Circle of Blue. "The relationship with Circle of Blue deepens Molson Coors' commitment to the United Nations CEO Water Mandate," stated a company press release. "Molson Coors is a longstanding and active member of the Beverage Industry Environmental Roundtable (BIER) where global beverage companies work together to advance water conservation and resource protection." Molson Coors also has partnerships with the River Network, on "watershed protection programs in several states across the U.S.," and with Water for People on "integrated water resource management" internationally. [5]

Political contributions

Molson Coors gave $105,000 to federal candidates in the 2006 election cycle through its political action committee - 31% to Democrats, 69% to Republicans. [6]

Lobbying

The company spent $917,000 for lobbying in 2006. It used the Buchanan, Ingersoll & Rooney lobbying firm but most lobbying was done by Molson Coors in-house lobbyists. [7]

Ties to the American Legislative Exchange Council

Pete Coors, Chairman of the Molson Coors Brewing Co., spoke on "philanthropy" at the American Legislative Exchange Council's 2009 Annual Meeting in Atlanta, GA on Wednesday, July 15, 2009.

Personnel

Molson Canada is the Canadian division and Coors Brewing Company is the U.S. part of the company. These are key executives with 2006 pay: [8]

  • W. Leo Kiely III, Chief Executive Officer, President, Director of Coors Brewing Company, $6,682,208 (also exercised $1,191,058 in options)[9]
  • Timothy V. Wolf, Chief Financial Officer of Coors Brewing Company, $2,962,991 (also exercised $838,740 in options)[10]
  • Peter Swinburn, Chief Executive Officer of Coors Europe & Asia-Molson Coors Brewing, $3,529,808[11]
  • Frits D. van Paasschen, Chief Executive Officer of Coors Brewing Company
  • Kevin T. Boyce, Chief Executive Officer of Molson Canada, $2,037,860[12]

Selected board members:[13]

  • Francesco Bellini, Former Chairman and Chief Executive Officer of Neurochem Inc.
  • Peter H. Coors, Director of U.S. Bancorp, served in a number of different executive and management positions for Coors
  • Eric H. Molson, Director of Molson from 1974 to 2005 and served as chairman of the board of Molson from 1988 to 2005

Contact details

1225 17th Street
Denver, CO 80202
U.S.
Phone: 303-279-6565
Fax: 303-277-5415
Web: http://www.molsoncoors.com

1555 Notre Dame Street East
Montreal, QC H2L 2R5
Canada
Phone: 514-521-1786
Fax: 514-598-6866

Articles and resources

Related SourceWatch articles

References

  1. Profile, Yahoo Finance, accessed July 2007.
  2. Molson Coors Headquarters, Hoovers, accessed February 2008.
  3. Emily Fredrix, Coors/SABMiller to Combine US Operations, Washington Post, accessed February 2008.
  4. Press release, "New Global Public Opinion Survey Finds Water Issues Are the Top Environmental Concern Worldwide," Molson Coors, Circle of Blue and GlobeScan via PRNewswire, August 18, 2009.
  5. Press release, "Molson Coors and Circle of Blue to partner in Water Sustainability Research and Public Engagement: Launching Global Survey of Public Perceptions of Water Quality and Conservation," Molson Coors, July 20, 2009.
  6. 2006 PAC Summary Data, Open Secrets, accessed July 2007.
  7. Molson Coors lobbying expenses, Open Secrets.
  8. Key executives, Yahoo Finance, accessed July 2007.
  9. W Leo Kiely III, Forbes, accessed February 2008.
  10. Timothy V Wolf, Forbes, accessed February 2008.
  11. Peter Swinburn, Forbes, accessed February 2008.
  12. Kevin T Boyce, Forbes, accessed February 2008.
  13. Board of Directors, Molson Coors, accessed July 2007.

External resources

External articles

  • "CSR interview with Barton Alexander from Molson-Coors," DevelopmentCrossing.com, April 10, 2009.
  • Press release, "New Global Public Opinion Survey Finds Water Issues Are the Top Environmental Concern Worldwide," Molson Coors, Circle of Blue and GlobeScan via PRNewswire, August 18, 2009.



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