Coca-Cola CEO Muhtar Kent to Step Down Next Year
December 09 2016 - 9:50AM
Dow Jones News
Coca-Cola Co. said Friday that Muhtar Kent would resign from his
role as chief executive in May 2017, to be succeeded by James
Quincey, the beverage company's president and operating chief.
Mr. Quincey is entrusted with finding a path forward for the
soda giant as consumers increasingly turn away from sugar-laden
drinks and toward foods seen as healthier and more natural. Coke
said he has been involved with recent moves designed to fit these
trends, including selling soda in smaller 7.5-ounce "mini cans" and
reducing added sugar across the company's portfolio.
Mr. Quincey has risen up through Coke's international ranks, an
increasingly important focus for the company, since joining Coke in
1996. During his tenure, he has led Coke's presence in both Europe
and Mexico.
Mr. Kent has been chief executive since 2008 and will remain
chairman of the company.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
December 09, 2016 09:35 ET (14:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Coca Cola (NYSE:KO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Coca Cola (NYSE:KO)
Historical Stock Chart
From Apr 2023 to Apr 2024