Two Coca-Cola Senior Executives to Retire

   By Dave Sebastian

Coca-Cola Co. (KO) said Francisco Crespo, senior vice president and chief growth officer, and Bernhard Goepelt, senior vice president and general counsel, are retiring this month.

Mr. Crespo will remain in the company through June 30 as a senior strategic adviser and will proceed with other personal and professional plans, while Mr. Goepelt will stay with the company through February 2020 and will be focusing on family obligations in his native Germany, Coca-Cola said Monday.

Coca-Cola said it will name Mr. Goepelt's successor at a later date. Mr. Goepelt joined the company in 1992 as legal counsel for the former German division.

With the retirement of Mr. Crespo, who assumed the newly created position in May 2017, Coca-Cola said it is implementing a new structure for its global-growth organization, effective Jan. 1.

Those in integrated global marketing, which includes teams for creative, category, marketing operations, design and knowledge insights, will report to Manolo Arroyo, who will be chief marketing officer in addition to continuing to serve as the president of the company's Asia-Pacific group, the company said.

Those in corporate strategy will report to Finance Chief John Murphy, while those in customer and commercial operations will report to President and Operating Chief Brian Smith, Coca-Cola said.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

December 16, 2019 07:33 ET (12:33 GMT)

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