Blog: Chris Brook-CarterPut it in a memo

Chris Brook-Carter | 2 March 2004

The fears that the current uncertainty at Coca-Cola Company over who will suceed outgoing CEO Doug Daft will de-stabilise business efforts, is apparently not the sole domain of the investment community.

According to the Atlanta Constitutional Journal late last week, Coca-Cola's departing chairman and CEO is trying to persuade employees "not be distracted by the background noise" as the CEO selection process begins.

Daft apparently sent an internal memo late Thursday urging workers to focus on the business, even as future leadership remains uncertain.

"We simply must not take our eye off the ball or lose the positive forward momentum we have all worked so hard to create," the memo said.

The Journal, in its report, went on to highlight a research note from UBS, in which analyst Caroline Levy downgraded Coca-Cola.

She said: "In our opinion, Steven Heyer may not be selected as the next chairman and CEO," before adding that the board's hiring of an outside candidate could mean that "many Coca-Cola employees may become distracted as they fear for their jobs and await new strategic plans."


BLOG

Non-alcoholic beer fails the Bernstein challenge

Crazy days in the Bernstein offices. Taking time out from being one of the world’s top beverage analysts, the Bernstein team, lead by its London-based veteran Trevor Stirling, held its very own taste ...

BLOG

AG Barr launches Funkin innovation search

AG Barr has lined up a Funkin campaign in the UK to find an 'innovation champion'. ...

BLOG

Are you a beer geek? Take the Brewdog quiz and find out

Brewdog, the Scottish craft brewer, likes to claim its drinkers are some of the most knowledgeable around....

BLOG

The (temporary) return of Paul Walsh to the drinks debate

Paul Walsh just can't stay away from the drinks industry....

just-drinks homepage



Forgot your password?