Coca-Cola Chairman Muhtah Kent to step down in April 2019

Muhtar Kent, the long-serving former CEO and current Chairman of the Coca-Cola Company will step down from his role in April 2019 after 41 years of illustrious service to the company.

James Quincey, the current president & CEO will add chairman to his job title while giving up the title of president following the company’s annual meeting in April 2019. Brian Smith, who was previously announced, will become the President & Chief Operating Officer of the company on 1st January 2019.

Kent served as both chairman and CEO from 2009 until 2017 and continued as chairman after Quincey became CEO.

Kent whose early days with Coca-Cola included time working on a delivery truck, has held a wide range of roles, working his way up to the top job.

“One of the most important jobs of chairman is to ensure that a strong leadership succession plan is in place,” Kent said.

“I’m delighted that the board has elected James as chairman. He is the right leader to take the Coca-Cola system to the next level and through the next decade.”

Quincey would become the 14th chairman of Coca-Cola in the company’s 132-year history. He joined Coca-Cola in 1996 and has held a variety of positions around the world.

”I’m honoured that the board of directors has asked me to serve as chairman of the company,” Quincey said.

“I appreciate the years of mentorship, encouragement and insights I’ve gained from Muhtar.”

Leave a Reply

Your email address will not be published. Required fields are marked *