The Coca-Cola Company today announced a new streamlined
international structure to better align its operating units against
its global bottling footprint and to promote and develop key
Coca-Cola leaders.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160524005419/en/
Brian Smith (Photo: Business Wire)
“Today’s announcement outlines important changes to our
international operating structure that better support our evolving
bottler footprint and demonstrate the deep bench of management
experience we are fortunate to have in the Coca-Cola system,” said
Muhtar Kent, Chairman and Chief Executive Officer. “These moves
will continue to lay the foundation for strong leadership and
management continuity.”
President and Chief Operating Officer James Quincey added: “As
we continue to implement our five strategic actions for growth, it
is critical that our organizational structure enables the speed,
agility and inspirational leadership that are necessary to win
today and in the future. The changes we are announcing today
streamline our international structure, and reflect strong talent
succession and a commitment to developing the next generation of
leaders at our company.”
International operating structure and leadership changes,
effective Aug. 1 (unless otherwise noted), include:
Europe, Middle East and Africa
Group
The company will form a Europe, Middle East and Africa (EMEA)
Group, consisting of the business units that currently make up the
Europe and the Eurasia and Africa Groups.
In Europe, the Central and Southern Europe and Russia, Ukraine
and Belarus business units will be combined into a new business
unit – Central and Eastern Europe – to better support the bottling
footprint in that region.
In Africa, two business units will be reconfigured to more
closely align operations with bottling operations on the continent,
with the formation of a new South and East Africa business unit and
a West Africa business unit.
Brian Smith, currently president of the company’s Latin
America Group, will become President, EMEA Group, reporting to
Quincey. Smith is a 19-year Coca-Cola veteran who has a proven
track record of driving business results, developing and exporting
talent and providing strong franchise leadership across Latin
America, including past roles as Division President of Brazil and
Business Unit President for Mexico.
Smith’s leadership team will include:
- Dan Sayre, who will continue as
President, Western Europe;
- Nikos Koumettis, who will expand
his existing role to become President, Central and Eastern
Europe;
- Kelvin Balogun, currently
President Central, East and West Africa (CEWA), who will become
President, South and East Africa;
- Zoran Vucinic, currently
President, Russia, Ukraine and Belarus, who will become President,
Middle East and North Africa;
- Galya Molinas, who will continue
in her role as President, Turkey, Caucasus and Central Asia;
and
- Peter Njonjo, currently General
Manager of the East Africa Franchise in CEWA, who will become
president of the new West Africa Business Unit.
As the new EMEA Group is created, Nathan Kalumbu,
currently President, Eurasia and Africa Group, will focus on key
initiatives across the Africa business, including the Africa
bottler consolidation, as well as serve on a number of boards,
until he retires from the company effective Dec. 31, 2016.
Latin America Group
Alfredo Rivera, currently President of the Latin Center
Business Unit, will become President, Latin America Group,
reporting to Quincey. Rivera is a 19-year veteran of the Coca-Cola
system who has held both company and bottler leadership positions
throughout his career in Mexico, Guatemala, El Salvador, Brazil and
Ecuador. While President of the Latin Center Business Unit, his
team has qualified for the company’s top internal business unit
award, The Woodruff Cup, for the last three years, and was awarded
the prestigious prize in 2014.
Rivera’s leadership team will include:
- Francisco Crespo, who will
continue as President, Mexico;
- Henrique Braun, currently
President, Greater China and Korea, who will become President,
Brazil, effective Sept. 1;
- Therese Gearhart, currently
President, Southern Africa, who will succeed Rivera as President,
Latin Center;
- Joao Marcelo Ramires, currently
Vice President – Franchise Operations, Brazil, who will become
President, South Latin; and
- Xiemar Zarazua, currently
President, Brazil, who will become Vice President, Strategic
Ventures for Latin America, effective Sept. 1.
Asia Pacific Group
John Murphy, currently President of the South Latin
Business Unit, will become President, Asia Pacific Group,
reporting to Quincey. Murphy has held senior company and bottling
roles in a number of markets during his 28-year career, including
Japan, Singapore, Indonesia and North America, in addition to roles
in Latin America.
Murphy’s leadership team will include:
- Curt Ferguson, currently
President, Middle East and North Africa, who will become President,
Greater China and Korea effective Sept. 1;
- Iain McLaughlin, who will
continue as President, ASEAN;
- Tim Brett, who will continue as
President, Japan;
- Roberto Mercade; who will
continue as President, South Pacific; and
- Venkatesh Kini, who will
continue as President, India and Southwest Asia.
Atul Singh, currently President of the Asia Pacific
Group, will transition to the role of Chairman, Asia Pacific Group.
Singh will continue to focus on managing a number of key
stakeholders, government relations, key merger and acquisition
initiatives, as well as continuing to serve on a number of boards,
until March 2017 when he will retire from the company.
More information on each of the leaders appointed today is
available here.
The company’s Bottling Investments and North America groups are
not impacted by today’s announcements.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world's largest beverage
company, refreshing consumers with more than 500 sparkling and
still brands and more than 3,800 beverage choices. Led by
Coca-Cola, one of the world's most valuable and recognizable
brands, our company's portfolio features 20 billion-dollar brands,
18 of which are available in reduced-, low- or no-calorie options.
These brands include Diet Coke, Coca-Cola Zero, Fanta, Sprite,
Dasani, vitaminwater, Powerade, Minute Maid, Simply, Del Valle,
Georgia and Gold Peak. Through the world's largest beverage
distribution system, we are the No. 1 provider of both sparkling
and still beverages. More than 1.9 billion servings of our
beverages are enjoyed by consumers in more than 200 countries each
day. With an enduring commitment to building sustainable
communities, our company is focused on initiatives that reduce our
environmental footprint, create a safe, inclusive work environment
for our associates, and enhance the economic development of the
communities where we operate. Together with our bottling partners,
we rank among the world's top 10 private employers with more than
700,000 system associates. For more information, visit Coca-Cola
Journey at www.coca-colacompany.com, follow us on Twitter at
twitter.com/CocaColaCo, visit our blog, Coca-Cola Unbottled, at
http://www.coca-colablog.com or find us on LinkedIn at
www.linkedin.com/company/the-coca-cola-company.
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