Coca-Cola İçecek has appointed chief operating officer Ahmet Kürşad Ertin as its next CEO, with the change taking effect in July.
Ertin will replace Karim Yahi, who has led the Turkey-based bottler since September 2023. Coca-Cola İçecek (CCI) said Yahi will step down from his duties and return to the US.
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The news came alongside the publication of CCI’s 2025 financial results, which delivered higher volumes and revenue despite what management described as a “challenging environment”.
Yahi joined the company in March 2023 as deputy CEO and was promoted to CEO six months later.
In a statement, CCI said he made “significant contributions” during his tenure.
CCI produces, distributes and sells The Coca-Cola Company’s sparkling and still drinks, as well as Monster Energy beverages, across multiple emerging markets such as Türkiye, Pakistan and Kazakhstan.
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By GlobalDataErtin has spent more than 25 years with the business.
He joined in 1998 in commercial roles, later becoming general manager in Azerbaijan in 2009.
After returning to Türkiye in 2010, he took senior sales and distribution positions. In 2015, he moved to Kazakhstan as general manager.
Ertin then led CCI Pakistan between January 2019 and December 2022, and worked as regional director for southern Asia and the Middle East from January 2023 to December 2025. He became group COO in January 2025.
CCI grew its volume by 8% year-on-year in 2025 to 1.62bn unit cases.
On an unaudited basis excluding the impact of TAS 29, net sales climbed 38.2% to T179.45bn ($4.08bn), with EBIT up 33.6% to T28.23bn and net income rising 33.2% to T12.44bn.
Under TAS 29 hyperinflation accounting, reported net sales increased 3.9% to T187.18bn, while EBIT edged up 1.8% to T25.15bn. Net income declined 27.4% to T14.07bn.
CCI’s management said the trading environment was “marked by pressure on consumer purchasing power across several of our markets, alongside spill-over effects from the Middle East.”
The company said it emphasised balancing volume and value, with a “continued emphasis on affordability”.
CCI added: “Looking ahead to 2026, we expect the operating environment to remain volatile, as macroeconomic pressures and regional tensions continue to shape our markets. Our strategic priorities therefore remain largely unchanged.”
The company sees its business in Türkiye generated low- to mid-single-digit growth, with its international operations expected to deliver high-single-digit growth.
With inflation accounting applied, the company forecasts net sales revenue per unit case (NSR/uc) to be broadly flat to up by a mid-single-digit percentage, while keeping EBIT margin unchanged.
Excluding inflation accounting effects, it expects FX-neutral NSR/uc to rise in the low-to-mid teens.
