Coca-Cola Co to lose advertising exec
Coca-Cola is cutting jobs across its global network
The Coca-Cola Co has confirmed that one of its leading advertising executives is to leave the company.
Ad Age reported this week that Annis Paschal Lyles, VP-connections planning and investment for North America, will stand down from her role. The report did not give a departure date or a reason for Paschal Lyles' departure.
Asked to confirm the story, a Coca-Cola spokesperson told just-drinks it would not comment on specific individuals but said the “essential facts” of the report were correct.
Paschal Lyles has reportedly worked for Coca-Cola since 1989.
The news comes as Coca-Cola prepares to cut up to 1,800 jobs as part of cost-cutting measures designed to save US$3bn over the next four years. About 500 of the jobs loses will be in Coca-Cola's Atlanta HQ, where Paschal Lyles is based, a Coca-Cola spokesperson told just-drinks yesterday.
To read a just-drinks comment on how Coca-Cola's job cuts are expected to reach India and China, click here.
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