CHICAGO (AdAge.com) -- In the wake of last week's revelation that he will run for the U.S. Senate, the chairman of Adolph Coors Co., Peter H. Coors, announced he is taking an unpaid leave of absence from his corporate duties.
In a memo circulated to employees and
distributors on April 9, Coors' president, Leo Kiely, said Mr. Coors will remain chairman throughout his political campaign and will continue as one of five trustees of the Adolph Coors Jr. Trust that holds Class A shares and has voting control of the company.
"Additionally, Coors family members other than Pete continue to be active in and committed to the business," the memo said.
Coors executives couldn't be immediately reached for further comment.
Colorado Gov. Bill Owens made public on April 7 Mr. Coors' intention to run for one of the state's U.S. Senate seats. Coors staffers at that time indicated the move came as a total surprise to them.