US: The Coca-Cola Co executives step up to VP role

By | 25 February 2013

Coca-Cola has also announced its latest quarterly dividend

Coca-Cola has also announced its latest quarterly dividend

The Coca-Cola Co's International president, Ahmet Bozer, and Americas president Steven Cahillane have been elected executive VPs of the company.

Global chief customer officer Sandy Douglas Jr was also elected senior VP of the company, Coca-Cola said late last week. Bozer, Cahillane and Douglas assumed their current roles on 1 January as part of Coca-Cola's new global operating structure, announced in July.

Meanwhile, the company has confirmed details of its latest dividend payment.

Its next quarterly pay-out will be US$0.28 per share. Payment will be made to common stock-holders on 1 April to shareholders of record on 15 March. It is equivalent to an annual dividend of $1.12 per share, up from $1.02 per share last year, the company said.

The dividend represents a quarterly increase of 10%, Coca-Cola said.

Expert analysis

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

The Coca-Cola Company, the world’s leading soft drinks company, has a stated aim to double its size over the 2010 to 2020 decade. However, with US sales on the decline and regular carbonates losing their appeal, the company needs growth to come in the BRIC countries and in low calorie drinks. In this report, Euromonitor International assesses The Coca-Cola Company’s chances of succeeding in its quest for growth.

Sectors: HR – personnel, Soft drinks

Companies: Coca-Cola Co

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