The Board of Directors of The Coca-Cola Company Elects Officers, Declares Quarterly Dividend
April 27 2017 - 1:00PM
Business Wire
Francisco Crespo, Robert Long, Jennifer
Mann, Bea Perez Elected as Senior Vice Presidents; Barry Ballow
Elected as Vice President
The Board of Directors of The Coca-Cola Company today elected
Francisco Crespo, Robert Long, Jennifer Mann and Bea Perez as
Senior Vice Presidents of the company, and Barry Ballow as a Vice
President. Each of the appointments is effective May 1 in
conjunction with a number of previously announced senior leadership
changes occurring as James Quincey becomes the company’s new Chief
Executive Officer.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170427006345/en/
Francisco Crespo (Photo: Business
Wire)
Francisco Crespo, who currently serves as President of
the Mexico business unit, has been elected as a Senior Vice
President in his new role as Chief Growth Officer. A 28-year
company veteran, Crespo will lead the company’s global marketing,
corporate strategy, and customer and commercial leadership teams to
create a consolidated team with a clear mandate for driving global
growth. This new role will lead the evolving category cluster model
focused around five beverage categories: sparkling soft drinks;
energy; juice, dairy and plant-based drinks; water, enhanced water
and sports drinks; and tea and coffee.
Robert Long, currently Vice President, Research and
Development, has been elected as a Senior Vice President in his new
role as Chief Innovation Officer. Long is a 13-year company
veteran. As previously announced, the creation of the Chief
Innovation Officer role is indicative of the company’s increased
focus on accelerating the growth of its consumer-centric brand
portfolio with hundreds of new products and continued innovation in
beverages, packaging, ingredients, and other areas of the business
around the world.
Jennifer Mann, currently Chief of Staff to Quincey, has
been elected as a Senior Vice President. A 20-year veteran of the
company, her role has been expanded as Chief People Officer.
Coca-Cola’s long-term growth and success is dependent on investing
in and developing its people and strengthening the talent pipeline.
Mann will lead efforts to drive cultural change throughout the
organization and will continue to serve as Quincey’s Chief of
Staff.
Bea Perez, currently Vice President and Chief
Sustainability Officer, has been elected as a Senior Vice President
in her new role as Chief Public Affairs, Communications and
Sustainability Officer. In this role, Perez will leverage the
important external stakeholder work done in Public Affairs and
Communications, sustainability and partnerships in a more
strategic, integrated and holistic way. Perez is a 23-year company
veteran.
Barry Ballow, currently Finance Director for Global Juice
and Still Beverages, has been named Vice President following his
recent appointment as Chief of Internal Audit. During a nearly
27-year career in the Coca-Cola system, he has served in various
financial and operational roles including Director of Trading and
Procurement; Audit Director in the Corporate Audit Department; as a
manager at Coca-Cola plants in Anaheim, Calif., and Columbus, Ohio;
and in Accounting, Finance and Internal Audit for Coca-Cola
Enterprises. Before joining the Coca-Cola system, Ballow worked for
Ernst & Young as a Senior Auditor and is a Certified Public
Accountant.
Quarterly Dividend
The Board today also declared a regular quarterly dividend of 37
cents per common share. The dividend is payable July 3, 2017 to
shareowners of record as of June 15, 2017. The Board earlier this
year approved the company’s 55th consecutive annual dividend
increase, raising the quarterly dividend 6 percent from 35 cents to
37 cents per common share. This is equivalent to an annual dividend
of $1.48 per share, up from $1.40 per share in 2016.
About The Coca-Cola
Company
The Coca-Cola Company (NYSE: KO) is the world’s largest beverage
company, offering over 500 brands to people in more than 200
countries. Of our 21 billion-dollar brands, 19 are available in
lower- or no-sugar options to help people moderate their
consumption of added sugar. In addition to our namesake Coca-Cola
drinks, some of our leading brands around the world include: AdeS
soy-based beverages, Ayataka green tea, Dasani waters, Del Valle
juices and nectars, Fanta, Georgia coffee, Gold Peak teas and
coffees, Honest Tea, Minute Maid juices, Powerade sports drinks,
Simply juices, smartwater, Sprite, vitaminwater, and Zico coconut
water. At Coca-Cola, we’re serious about making positive
contributions to the world. That starts with reducing sugar in our
drinks and continuing to introduce new ones with added benefits. It
also means continuously working to reduce our environmental impact,
creating rewarding careers for our associates and bringing economic
opportunity wherever we operate. Together with our bottling
partners, we employ more than 700,000 people around the world. For
more information, visit our digital magazine Coca-Cola Journey at
www.coca-colacompany.com and follow The Coca-Cola Company on
Twitter, Instagram, Facebook and LinkedIn.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170427006345/en/
The Coca-Cola CompanyMedia:Kerry Tressler, +01
404-676-2683press@coca-cola.comorInvestors:Tim
Leveridge, +01 404-676-7563
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