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COORS EXPECTED TO NAME NEW PRESIDENT

Frits van Paaschen Was Formerly a Vice President at Nike

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CHICAGO (AdAge.com) -- Molson Coors Brewing Co. is expected to name former Nike executive Frits van Paaschen as the president of its U.S. operations, according to executives familiar with the matter.
Coors began the search for a U.S. president a year ago.

Mr. van Paaschen was a vice president overseeing Nike operations in Europe, the Middle East and Africa. He left the athletic apparel company last year. Previously, he held executive posts with the Walt Disney Co. and was a consultant for McKinsey & Co.

The hiring, which was supposed to be announced today, has been delayed, according to an executive familiar with the situation said.

Assuming Mr. van Paaschen takes the job -- a contract has not yet been signed -- the deal could be announced as early as next week.

A Coors spokeswoman declined comment.

Coors launched the search early last year for the newly created post. The brewer is struggling to turn around its flagship Coors Light brand, which suffered its second straight decline last year.

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