Herbert A. Allen Retires from Board of Directors of The Coca-Cola Company
August 24 2021 - 10:30AM
Business Wire
The Coca-Cola Company today announced that Herbert A. Allen has
retired as a director, stepping down after 39 years of service.
Allen, 80, was the longest-serving current member of the
company’s board of directors. Allen retired effective Aug. 18. With
Allen’s retirement, Coca-Cola now has 11 directors.
“On behalf of The Coca-Cola Company and its board of directors,
I thank Herbert for his service,” said James Quincey, Chairman and
CEO of The Coca-Cola Company. “Herbert joined the board in 1982.
Throughout the years, his counsel and sound judgment have guided
company leadership through many evolutions. His positive impact on
Coca-Cola will last far beyond his tenure on the board. We wish him
all the best in the next chapter.”
“The greatest part of serving as a director has been meeting and
getting to know a wide variety of people in the company,” Allen
said. “Whether bottlers, Coke employees, officers or company
directors, virtually everyone has been part of an enriching
experience. As a shareowner, I extend my appreciation and gratitude
to all of you.”
Allen is president, CEO and director of Allen & Co., a
privately held investment firm in New York. Allen & Co. is a
preeminent investment firm focused on the media, entertainment,
technology and other innovative industries.
Allen joined the Coca-Cola board when the company was led by
Chairman and CEO Roberto Goizueta. Allen went on to work with five
other chairmen of the company, most recently Quincey.
About The Coca-Cola
Company
The Coca-Cola Company (NYSE: KO) is a total beverage company
with products sold in more than 200 countries and territories. Our
company’s purpose is to refresh the world and make a difference. We
sell multiple billion-dollar brands across several beverage
categories worldwide. Our portfolio of sparkling soft drink brands
includes Coca-Cola, Sprite and Fanta. Our hydration, sports, coffee
and tea brands include Dasani, smartwater, vitaminwater, Topo
Chico, Powerade, Costa, Georgia, Gold Peak, Honest and Ayataka. Our
nutrition, juice, dairy and plant-based beverage brands include
Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. We’re
constantly transforming our portfolio, from reducing sugar in our
drinks to bringing innovative new products to market. We seek to
positively impact people’s lives, communities and the planet
through water replenishment, packaging recycling, sustainable
sourcing practices and carbon emissions reductions across our value
chain. Together with our bottling partners, we employ more than
700,000 people, helping bring economic opportunity to local
communities worldwide. Learn more at www.coca-colacompany.com and
follow us on Twitter, Instagram, Facebook and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20210824005563/en/
Investors and Analysts: Tim
Leveridge, koinvestorrelations@coca-cola.com Media: Scott Leith, sleith@coca-cola.com
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