The Financial Post reports in its Saturday, July 26, edition that Molson Coors Brewing will elevate the head of its Europe division to chief executive officer at the end of the year when current CEO Peter Swinburn retires. A Bloomberg dispatch to the Post reports that Mark Hunter, who has served as CEO of Molson-Coors Europe, will take the top job after Mr. Swinburn steps down on Dec. 31 and also will assume his spot on the board. Mr. Swinburn, 61, has been Molson Coors's CEO since 2008. In taking charge of Molson Coors, Mr. Hunter will have to contend with growing competition from craft brewers and further an international strategy that has pushed its brands into new countries. The explosion of upstart breweries in recent years has brought both headaches and opportunities to Molson Coors. While the new brews are competition for traditional beers like Coors Light, the company has had success with its own craft-style products such as Blue Moon. Mr. Hunter, 51, brings "years of exceptional brand-building and commercial beer industry expertise," says chairman Peter Coors. "The board is confident that Mark is the right person to lead us going forward and continue our strong momentum," says Mr. Coors.