Molson's family turn at head of Molson Coors board

|About: Molson Coors Brewing Company (TAP)|By:, SA News Editor

Molson Coors (TAP -0.1%) announces Geoff Molson will replace Peter Coors as the chairman of the company.

The development was planned under an agreement in which the Molson and Coors families trade two-year terms for the chairman and vice chairman positions.

Shares of Molson Coors haven't kept up with Anheuser-Busch InBev or Heineken this year.

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