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    Coca-Cola Co (KO)

    Board Change

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    The Coca-Cola Company is a total beverage company with products sold in more than 200 countries and territories. It operates in two main lines of business: concentrate operations and finished product operations. The company sells beverage concentrates and syrups to authorized bottling partners, as well as sparkling soft drinks and other beverages directly to retailers, distributors, and wholesalers . Its product lines include sparkling soft drinks, juice, value-added dairy, plant-based beverages, water, sports drinks, coffee, tea, and emerging beverages .

    1. Concentrate Operations - Sells beverage concentrates and syrups to authorized bottling partners, who produce and package the finished beverages.
    2. Finished Product Operations - Sells sparkling soft drinks and other beverages directly to retailers, distributors, and wholesalers.
    3. Sparkling Soft Drinks - Offers popular brands such as Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Fanta, and Sprite.
    4. Juice, Value-Added Dairy, and Plant-Based Beverages - Includes brands like Minute Maid and Simply.
    5. Water, Sports, Coffee, and Tea Brands - Features products such as Dasani, Powerade, and Costa.
    6. Emerging Beverages - Includes new offerings like Topo Chico Hard Seltzer.
    7. Direct-to-Consumer Sales - Engages in retail through Costa-operated stores, part of its Global Ventures operating segment.
    NamePositionStart DateShort Bio
    Manuel ArroyoExecutive Vice President, Global Chief Marketing OfficerJanuary 2024Manuel Arroyo has been serving as Executive Vice President since January 2024 and as Global Chief Marketing Officer since January 2020. He was previously President of the Asia Pacific Group and Mexico business unit .
    Henrique BraunExecutive Vice President, President, International DevelopmentJanuary 2023Henrique Braun has been serving as Executive Vice President since January 2024 and President, International Development since January 2023. He joined Coca-Cola in 1996 and has held various roles across multiple regions .
    Lisa ChangExecutive Vice President, Global Chief People OfficerJanuary 2024Lisa Chang has been serving as Executive Vice President since January 2024 and Global Chief People Officer since March 2019. She joined Coca-Cola in March 2019 after serving as SVP and CHRO for AMB Group LLC .
    Monica Howard DouglasExecutive Vice President, Global General CounselJanuary 2024Monica Howard Douglas has been serving as Executive Vice President since January 2024 and Global General Counsel since April 2021. She was previously Chief Compliance Officer and Associate General Counsel for North America .
    Nikolaos KoumettisPresident, Europe Operating UnitJanuary 2021Nikolaos Koumettis has been President of the Europe operating unit since January 2021. He previously served as President of the Europe, Middle East, and Africa Group and other regional business units .
    Jennifer K. MannExecutive Vice President, President, North America Operating UnitJanuary 2023Jennifer K. Mann has been Executive Vice President since January 2024 and President of the North America operating unit since January 2023. She has been with Coca-Cola for 27 years, holding various leadership roles .
    John MurphyPresident, Chief Financial OfficerOctober 2022John Murphy has been President since October 2022 and Chief Financial Officer since March 2019. He previously served as Executive Vice President and held other senior financial roles within the company .
    Beatriz PerezExecutive Vice President, Global Chief Communications, Sustainability and Strategic Partnerships OfficerJanuary 2024Beatriz Perez has been Executive Vice President since January 2024 and Global Chief Communications, Sustainability and Strategic Partnerships Officer since May 2017. She was the company's first Chief Sustainability Officer .
    Bruno PietracciPresident, Latin America Operating UnitFebruary 2023Bruno Pietracci has been President of the Latin America operating unit since February 2023. He previously served as President of the Africa operating unit and other regional business units .
    Nancy QuanExecutive Vice President, Global Chief Technical and Innovation OfficerJanuary 2024Nancy Quan has been Executive Vice President since January 2024 and Global Chief Technical and Innovation Officer since February 2021. She previously served as Chief Technical Officer for Coca-Cola North America .
    James QuinceyChairman of the Board of Directors, Chief Executive OfficerApril 2019James Quincey has been Chairman of the Board since April 2019 and Chief Executive Officer since May 2017. He joined Coca-Cola in 1996 and has held various leadership positions, including President of the Europe Group .
    Bela BajariaDirector, Member of the Talent and Compensation CommitteeOctober 17, 2024Bela Bajaria was elected as a Director on October 17, 2024. She is also a member of the Talent and Compensation Committee and serves as Chief Content Officer for Netflix Inc., overseeing global television and film content .
    1. With fairlife surpassing $1 billion in sales and significantly impacting your North American mix, how do you plan to sustain its growth given capacity constraints and tough year-over-year comparisons, especially before the New York plant becomes operational?

    2. Given the recent food contamination issues at McDonald's, your largest customer, how are you preparing to mitigate potential impacts on your business, and do you foresee any long-term repercussions in affected markets?

    3. With higher net interest expenses due to deposits related to the ongoing IRS tax dispute and the upcoming fairlife contingent consideration payment, how are these factors impacting your financial outlook, and what steps are you taking to resolve the IRS dispute promptly?

    4. Observing softness in discretionary spending in North America, especially in small-format stores and foodservice, how are you adjusting your strategies to address potential declines in impulse purchases and revitalize consumer spending in these channels?

    5. While your U.S. carbonated soft drink business is currently outperforming, how sustainable is this growth given the market shifts towards healthier options, and what strategies are you implementing to maintain relevance among younger consumers who may prefer non-carbonated beverages?

    Program DetailsProgram 1
    Approval DateFebruary 2019
    End Date/DurationN/A
    Total additional amount150 million shares
    Remaining authorization84,844,097 shares
    DetailsOffset dilution from employee stock-based compensation plans

    Competitors mentioned in the company's latest 10K filing.

    • PepsiCo, Inc. - A primary competitor in many of the countries where the company does business .
    • Nestlé S.A. - Significant competitor .
    • Keurig Dr Pepper Inc. - Significant competitor .
    • Danone S.A. - Significant competitor .
    • Suntory Beverage & Food Limited - Significant competitor .
    • AB InBev - Significant competitor .
    • Kirin Holdings - Significant competitor .
    • Heineken N.V. - Significant competitor .
    • Diageo - Significant competitor .
    • Red Bull GmbH - Significant competitor .
    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1921 PresentCurrent auditor

    Recent developments and announcements about KO.

    Corporate Leadership

      Leadership Change

      ·
      Dec 16, 2024, 8:02 PM

      Helene Gayle is leaving her position as a director at The Coca-Cola Company. She retired effective December 13, 2024, after serving since 2013. Reason for leaving: Retirement. No successor has been announced yet .

      Board Change

      ·
      Dec 16, 2024, 8:02 PM

      Helene D. Gayle has retired from the Board of Directors of The Coca-Cola Company, effective December 13, 2024. She had been a director since 2013 and served as a member and former chair of the talent and compensation committee, as well as a member of the corporate governance and sustainability committee .