Coca-Cola's Costa Coffee Names McDonald to Succeed Paul as CEO

Date : 11/20/2019 @ 2:39PM
Source : Dow Jones News
Stock : Coca Cola Company (KO)
Quote : 54.2  0.01 (0.02%) @ 3:01PM

Coca-Cola's Costa Coffee Names McDonald to Succeed Paul as CEO

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By Colin Kellaher

 

Coca-Cola Co.'s (KO) Costa Coffee unit on Wednesday said Dominic Paul will step down as chief executive, effective Nov. 30.

The U.K. coffee-shop chain said Jill McDonald, most recently managing director of clothing and home for retailer Marks & Spencer Group PLC (MKS.LN), will succeed Mr. Paul as CEO.

Coca-Cola in January completed its $4.9 billion acquisition of Costa Coffee from hotel-operating conglomerate Whitbread PLC.

Costa Coffee said Mr. Paul, who has been CEO since 2016, will remain as a special adviser through February to support the transition.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

November 20, 2019 09:24 ET (14:24 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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