US: Coca-Cola Co adds bank head to director's board

By | 22 July 2013

Coca-Cola has added to its directorship

Coca-Cola has added to its directorship

The Coca-Cola Co has appointed the head of bank Santander's UK operations to its board of directors.

Ana Botín, 52, takes on the role immediately, Coca-Cola said on Friday (19 July). Botín is CEO of Santander UK, a subsidiary of the Santander Group. Coca-Cola called her an “internationally recognised leader in the banking industry”.

“Her knowledge of global macroeconomic issues, experience as an entrepreneur and commitment to sustainable communities will be invaluable as we continue to grow and develop our business around the world,”  said Coca-Cola chairman & CEO Muhtar Kent .

Meanwhile, Coca-Cola's head of strategy and planning Brent Hastie has been elected a VP of the company, Coca-Cola said.  Hastie, 40, first joined Coca-Cola in 2006, when he held roles including chief strategy officer for Coca-Cola Refreshments. He was appointed VP, strategy and planning last week.

Last week, Coca-Cola blamed poor weather for a drop in first-half sales and profits, with one analyst casting doubt on the company's H2 prospects.

Expert analysis

Coca-Cola Co, The in Soft Drinks (World)

The Coca-Cola Company slightly underperformed the world’s soft drinks market amid the recession in Western Europe and slow economic recovery in the US. It is actively expanding in low calorie carbonates to retain consumers and widening the use of natural sweeteners in its beverages. The part acquisition of Aujan will help TCCC to accelerate its expansion into the Middle East and Africa region and the full takeover of Innocent is likely to boost its position in premium juice in Western Europe.

Sectors: HR – personnel, Soft drinks

Companies: Coca-Cola Co

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