News

Social commerce solutions provider names CFO

BY CSA STAFF

SAN FRANCISCO — PowerReviews, a provider of social commerce solutions, announced that it has appointed former Google executive Keith Adams as CFO.

Adams, a veteran Silicon Valley CFO who has worked with both public and venture-backed companies, most recently served as CFO of Like.com, which was acquired by Google in 2010. Prior to Like.com, Adams was CFO at OpSource where he led the company through multiple fundraising rounds and brought it to profitability. Adams has also held CFO and/or senior management positions at Andale, Appshop, Centerbeam, Oracle, RealNetworks and Silicon Graphics.

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News

Molson Coors names new chairman

BY CSA STAFF

DENVER, Colo. and MONTREAL — Molson Coors Brewing Company has announced that Andrew Molson, the current vice chairman of the Molson Coors board of directors assumed the role of chairman, and Pete Coors, current chairman, assumed the role of vice chairman, effective May 26.

Molson has been a member of the Molson Coors board of directors since 2005. He is a partner and vice chairman of Res Publica Consulting Group, a Montreal-based holding and management company for two leading professional services firms, National Public Relations and Cohn & Wolfe-Canada. He is a director of DundeeWealth, Groupe Deschênes and of the Montreal Canadiens Hockey Club. Molson is president of the Molson Foundation and serves on the board of directors of several other non-profit, business and community institutions.

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REAL ESTATE

Grubb & Ellis continues to explore possible sale

BY CSA STAFF

Santa Ana, Calif. — In follow-up to its prior announcement that it would explore strategic alternatives, including a potential sale or merger, real estate services and investment firm Grubb & Ellis Co. said Tuesday that is exclusivity period with Colony Capital LLC, which had expressed interest in exploring a strategic transaction with Grubb & Ellis, ended on May 29. Grubb & Ellis said that, while it will continue its discussions with Colony, it will engage in additional discussions with other parties.

Grubb & Ellis hired JMP Securities in first quarter 2011 to explore a potential sale or merger, and engaged FBR Securities to sell its subsidiary, Daymark Realty Advisors.

“We have already made significant progress with both initiatives and now that we have expanded the pool of potential strategic partners the board and management are intent on bringing the strategic process to conclusion in a manner that creates value for all of our stakeholders,” said Thomas P. D’Arcy, president and CEO of Grubb & Ellis.

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