Coca Cola (NYSE:KO)
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1 Month : From Nov 2019 to Dec 2019
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.
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(END) Dow Jones Newswires
November 20, 2019 09:24 ET (14:24 GMT)
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