The Coca-Cola Company, an American manufacturer, retailer, and marketer of nonalcoholic beverage concentrates and syrups, best known for its flagship product Coca-Cola, on Thursday announced Key Leadership Changes.
Smith named president and COO:
The company announced that the Board of Directors had elected Brian Smith to Serve as Incoming President and COO effective Jan. 1, 2019.
Smith is a 21-year Coca-Cola veteran who currently serves as president of the company’s Europe, Middle East and Africa (EMEA) group. The role of Chief Operating Officer has been vacant since the appointment of James Quincey as the CEO last year.
“The appointment of a president and COO will allow Quincey, who has served as CEO since May 2017 and is a member of the board of directors, to focus on the overall long-term strategic direction and success of the company.” the company said in a statement.
CFO transition:
The firm announced the retirement of Kathy Waller. She will be succeeded by John Murphy as the Chief Financial Officer.
John Murphy, who currently serves as president of the company’s Asia Pacific group, will become senior vice president and deputy CFO on Jan. 1, 2019. He will be elevated to executive vice president and CFO on March 16, 2019, following the retirement of Kathy Waller.
Murphy took his current role in 2016. He has worked in the Coca-Cola system since 1988 and has served in a number of senior finance, strategy and operations roles around the world. He qualified as a chartered accountant in his native Ireland.
Waller, who assumed the role of CFO in 2014, will retire from Coca-Cola after a remarkable three-decade career. She has been instrumental in transforming, modernizing and simplifying the Coca-Cola finance function. She was founding chair of the company’s Women’s Leadership Council and supported the creation, roll-out, and execution of the company’s Women in Leadership Global Program.
New Chief Technical Officer appointed:
Further, the company also announced that Nancy Quan has been elected senior vice president and appointed Chief Technical Officer, effective Jan. 1, 2019, reporting to Quincey. She currently serves as a vice president for the company and Chief Technical Officer for Coca-Cola North America. Quan has worked for the company for 11 years.
Quan succeeds Ed Hays, who will retire from the company on March 31, 2019. Hays will transition to a role as senior advisor on Jan. 1, 2019, reporting to Quincey. Hays, who has served as senior vice president and CTO since 2015, joined the company in 1985.
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