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Coke CEO Sheds Day-To-Day Duties To Focus On The Big Picture

October 18, 2018: 12:00 AM EST
Coca-Cola CEO James Quincey is handing over day-to-day management duties to newly-named chief operating officer and 21-year Coke veteran Brian Smith, 62. He will also take on the title of president, which is held by Quincey. The promotion will take effect in January. The company also named new chief financial officer John Murphy, Asia-Pacific president, who will replace Kathy Waller, 60, in March. The management moves will permit Quincey to focus on the company’s overall strategic direction as more consumers shun sugary soft drinks. Chief Technical Officer Ed Hays, who is retiring in March, will be replaced by Nancy Quan, who holds the same post for Coke’s North America division.
Alistair Gray in New York , "Coca-Cola makes new appointments in management shake-up", The Financial Times , October 18, 2018, © The Financial Times Limited
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