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Coca-Cola Company CEO Muhtar Kent to step down

Muhtar KentThe Coca-Cola Company announced that James Quincey, president and COO, will succeed chairman and chief executive officer Muhtar Kent as CEO from May 1, 2017.
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Mr. Kent will continue as Chairman of the Board of Directors.

Mr. Kent became Chief Executive Officer of Coca-Cola in 2008 and Chairman of the Board in 2009. Previously he was President and Chief Executive Officer and earlier, President and Chief Operating Officer.

Mr. Kent joined The Coca-Cola Company in Atlanta in 1978, holding a variety of marketing and operations leadership positions over the course of his career. In 1985, he became General Manager of Coca-Cola Turkey and Central Asia.

Beginning in 1989, Mr. Kent served as President of the Company's East Central Europe Division and Senior Vice President of Coca-Cola International, with responsibility for 23 countries.

In 1995, Mr. Kent was named Managing Director of Coca-Cola Amatil-Europe, covering bottling operations in 12 countries. In 1999, he became President and CEO of the Efes Beverage Group, a diversified beverage company with Coca-Cola and beer operations across Southeast Europe, Turkey and Central Asia.

He returned to The Coca-Cola Company in 2005 as President and Chief Operating Officer of the Company's North Asia, Eurasia and Middle East Group, an organization serving a broad and diverse region that included China, Japan and Russia.

Less than a year later, he became President of Coca-Cola International, leading all of the Company's operations outside North America.

Mr. Kent is co-chair of The Consumer Goods Forum, a fellow of the Foreign Policy Association, a member of the Business Roundtable, chair of the International Business Council of the World Economic Forum, and a past Chairman of the U.S.-China Business Council.

He also was recently appointed as a member of the Eminent Persons Group for ASEAN by President Obama and Secretary of State Clinton.

Mr. Kent holds a Bachelor of Science degree in Economics from the University of Hull in England and a Master of Science degree in Administrative Sciences from Cass Business School, City University London.

Mr. Quincey was named The Coca-Cola Company’s President and Chief Operating Officer in August 2015. He served as President of The Coca-Cola Company’s Europe Group.

Mr. Quincey served as President of the Northwest Europe & Nordics Business Unit (NWEN) from 2008 to 2012. From 2005 to 2008, he was President of the Mexico Division.

Mr. Quincey joined The Coca-Cola Company in Atlanta in 1996 as Director, Learning Strategy for the Latin America Group, and went on to serve in a series of operational roles of increased responsibility in Latin America, leading to his appointment as President of the South Latin Division in 2003.

Prior to joining Coca-Cola, Mr. Quincey was a Partner in strategy consulting at The Kalchas Group, a spin off from Bain & Company and McKinsey.

Mr. Quincey received a Bachelor's degree in Electronic Engineering from the University of Liverpool.



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