Board of Directors Also Elects Two Company
Officers and Declares Regular Quarterly Dividend
The Coca-Cola Company today announced the election of Monica
Howard Douglas as senior vice president and general counsel.
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Monica Howard Douglas (Photo: Business
Wire)
Douglas is a 17-year veteran of the company who most recently
served as chief compliance officer and associate general counsel
for the North America operating unit. In her new role, Douglas will
oversee the company’s global legal function, reporting to Chairman
and CEO James Quincey.
Douglas joined Coca-Cola in 2004 as senior managing counsel. She
went on to hold roles of increasing responsibility, including as
legal director for Coca-Cola Southern and East Africa, before being
named general counsel for Coca-Cola North America in 2018.
“Monica is an outstanding legal leader who has deep experience
working across our company and system,” Quincey said. “She will
oversee the continued evolution of the legal function at the
company while also serving as a valued voice in helping lead our
overall business.”
Prior to Coca-Cola, Douglas was an attorney with Equifax and an
associate at Troutman Sanders LLP, now known as Troutman Pepper
LLP, both in Atlanta.
She is member of the board of directors for VICI Properties
Inc., Junior Achievement USA and Cool Girls Inc. Douglas, 48,
earned a bachelor’s degree from the University of Michigan and a
law degree from Stanford University.
Douglas succeeds Bradley Gayton. Her role is effective
immediately.
Officer elections
The board also elected Jeffrey Gilbert as vice president and
Chief Security Officer. Gilbert joined the company March 15 and is
responsible for developing the vision, strategy and implementation
of global security risk strategy, operational planning and related
strategic security programs.
Gilbert joined Coca-Cola from WarnerMedia, where he served the
last several years as senior vice president and Chief Security
Officer. He led the global organization of security professionals
to deliver strategic security solutions across the enterprise.
Gilbert has more than 21 years of progressive experience in law
enforcement with the U.S. Secret Service, including nine years in
an executive leadership role. Gilbert also spent seven years with
PepsiCo, serving in senior security roles, both domestically and
international.
Gilbert is a graduate of Hampton University and the Kellogg
School of Management at Northwestern University.
The board elected Lucy Reid as vice president of Strategic
Ingredient Supply. Reid leads the company’s supply chain sourcing
activities for all flavor and non-agricultural ingredients used
across the global system.
Reid joined the company in 1988 and has held roles of increasing
responsibility with Minute Maid, Coca-Cola North America, Coca-Cola
Refreshments and in the corporate center. In her previous role as
director of Flavor Supply Ingredient and Product Governance, she
was responsible for governance of ingredients and formulas,
strategic regulatory leadership for flavors and stewardship for
Trademark Coca-Cola products.
Reid is a member of the board of governors for the Flavor
Extract Manufacturers Association. She is a graduate of the
University of Georgia, where she received bachelor’s and master’s
degrees.
Quarterly dividend
The board also declared a dividend of 42 cents per common share.
The dividend is payable July 1, 2021, to shareowners of record of
the company as of the close of business on June 15, 2021.
Earlier this year, the board approved the company’s 59th
consecutive annual dividend increase, raising the quarterly
dividend 2.4 percent from 41 cents to 42 cents per common
share.
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/20210421005805/en/
Investors and Analysts: Tim
Leveridge, koinvestorrelations@coca-cola.com Media: Scott Leith, sleith@coca-cola.com
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