Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage company in the world. It offers 500 plus brands in over 200 countries and is committed to reducing sugar in its drinks and providing new and diverse drinks to people everywhere.
This week, the Coca-Cola Company announced two retirements in its senior leadership team. Francisco Crespo, Chief Growth Officer who had been having been in the position since May 2017 will step down in 2020. Crespo served to build a global community across the company’s operations driving excellence. Crespo, 54, joined Coca-Cola in 1989 in Ecuador. He will continue in his office through June 30, 2020, serving as a senior strategic advisor reporting to Ames Quincey, Chairman, and CEO, The Coca-Cola Company.
“Francisco has played a critical role in the success of our company in recent years, especially in helping develop a growth strategy that has become thoroughly embedded in our operations and our culture,” , “He leaves an important legacy of helping make us more focused on fast-changing consumer needs at a critical time.” stated James Quincey, Chairman, and CEO of The Coca-Cola Company.
Bernhard Goepelt, Senior Vice President, will resign from the position next year. Goepelt, 57, joined Coca-Cola in 1992 as Legal Counsel for the former German Division and going forward continued to serve larger roles.
Coca-Cola is set to restructure its senior leadership belt going in to effect from Jan. 1, 2020. As per reports, Integrated global marketing will report to Chief Marketing Officer & President, Asia Pacific Group, Manolo Arroyo. Chief Financial Officer John Murphy will lead Corporate Strategy and Customer and commercial operations to report to Brian Smith, President, and Chief Operating Officer.