James Quincey to succeed Muthar Kent as Chairman of The Coca Cola Company next April

James Quincey was elected today as the 14th chairman of The Coca-Cola Company, succeeding Muhtar Kent, who plans to retire in April after a Coca-Cola system career that started in 1978.

Quincey currently serves as President and CEO. He will become chairman following the company’s annual meeting in April 2019. He will then serve as Chairman and CEO. As previously announced, Brian Smith will become President and Chief Operating Officer of the company on Jan. 1st, 2019.

Kent will remain as the company’s Chairman through the 2019 annual meeting, where he will not stand for reelection as a Director. Kent served as both chairman and CEO from 2009 until 2017 and continued as chairman after Quincey became CEO.
The new role of Quincey is contingent on his reelection as Director at the 2019 annual meeting.

“One of the most important jobs of a chairman is to ensure that a strong leadership succession plan is in place,” Kent said. “I’m delighted that the board has elected James as chairman. He is the right leader to take the Coca-Cola system to the next level and through the next decade.”

Quincey becomes the 14th chairman in the 132-year history of the company. He joined Coca-Cola in 1996 and has held a variety of positions around the world.

“I’m honored that the board of directors has asked me to serve as chairman of the company,” Quincey said. “I appreciate the years of mentorship, encouragement and insights I’ve gained from Muhtar. I also join my fellow directors in thanking Sam for his many years of service, and I look forward to working with Mel as she steps into an expanded role as lead independent director.”

Image over the headline.- James Quincey (next Chairman and CEO of The Coca-Cola Company) -left- and Muhtar Kent (exiting Chairman and CEO, The Coca-Cola Company). © The Coca-Cola Company.

Related Eastwind links:

James Quincey, to succeed Muhtar Kent as CEO at Coca-Cola

Related external links:

Full biography of James Quincey

Full biography of Muthar Kent

Leave a Comment

Your email address will not be published. Required fields are marked *

Latest news