US: Coke director resigns
A director at the Coca-Cola Co. has resigned. Susan Bennett King, who served on the company's compensation committee and its committee on directors and corporate governance, stepped down on Monday, citing health reasons for her decision.
Coke's board, which is left with 15 directors following King's departure, will decide whether to fill her post at its upcoming board meeting on 22 July, the company said.
King, who is known for her work as a mentor to women in business, joined the Coke board in 1991. She was president of Corning Inc.'s Steuben Glass division from 1987 to March 1992. More recently, she served as chairman of the Leadership Initiative, Terry Sanford Institute of Public Policy at Duke University.
In a memo to employees, the company's chairman and chief executive Neville Isdell said King, 64, has been "an exemplary leader for the Coca-Cola Company and is a role model for countless professionals and students."
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