Coca-Cola Co. director Howard G. Buffett, the oldest son of billionaire investor Warren Buffett, won't seek re-election in April, the company said Thursday.

The 61-year-old said he intends to focus on his work with the nonprofit he founded and leads, the Howard G. Buffett Foundation, which focuses on humanitarian and conservation projects around the world.

Mr. Buffett, president of commercial-farming operation Buffett Farms and a director in his father's Berkshire Hathaway Inc. and who has been discussed as a possible successor to his father, joined Coca-Cola's board in December 2010. He previously served on the board of Coca-Cola Enterprises Inc., at the time the largest bottler of Coca-Cola beverages in North America and Western Europe.

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

December 08, 2016 16:55 ET (21:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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