US: Coca-Cola Co director to stand down
Cathleen P. Black has tendered her resignation from The Coca-Cola Co's board of directors.
The soft drinks giant said late yesterday (15 November) that Black, who was recently named chancellor of the New York City Department of Education, will step down from Coca-Cola's board on 31 December. Black served as company director from April 1990 to May 1991, and was again elected in 1993.
“It is with much regret that I make this decision, which I believe is appropriate as I take on my new role … ,” said Black. “For nearly 20 years, I’ve had the great privilege to serve on the board and be part of The Coca-Cola Company.”
Muhtar Kent, Coca-Cola's chairman and CEO, added: “I want to thank Cathie for her many invaluable years of service as a director. She has always been a thoughtful and wise voice on our board and we will miss her counsel and perspectives.”
The Coca-Cola Co is to significantly expand the reach of its 125-beverage fountain dispenser, Coca-Cola Freestyle, in the US by the end of the year....
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