Coca-Cola will see a new technical, innovation head take over from next month

Coca-Cola will see a new technical, innovation head take over from next month

The Coca-Cola Co has appointed a new chief technical & innovation officer, with the current incumbent set to step down at the end of this month.

Ed Hays will replace Guy Wollaert in the role, the US-based group confirmed to just-drinks today. A company spokesperson said Wollaert is “retiring” from the company after 22 years to return to his native Belgium. No further detail was given on his future plans.

In an internal memo, seen by just-drinks, Alex Cummings, Coca-Cola's chief administrative officer, said: “I know first hand this has been a highly personal and difficult decision for Guy, one arrived at following an extended period of care and consideration.”

Hays has been with Coca-Cola for 30 years and is currently the firm's VP for global science, regulatory & formula governance. 

Last month, Coca-Cola confirmed that two of its long-standing directors are stepping down from its board. The group also posted a sharp fall in full-year net profits