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Coca-Cola names new president and COO

DBR Staff Writer Published 14 August 2015

Global beverage major Coca-Cola has appointed 19-year veteran James Quincey as president and chief operating officer (COO) who is also speculated to be the future CEO of the company.

Under the new role, Quincey will oversee the company's operating units across the world.

Meanwhile, Coca-Cola International executive vice president and president Ahmet Bozer, another veteran who had been considered as the possible successor to CEO Muhtar Kent,will retire after 25 years career in the company.

Bozer will stay with Coca-Cola and serve as an adviser to Kent until March 2016.

Quincey, who served as president of Coca-Cola's Europe arm, was a key member in leading the recently announced proposed merger of Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetranke to form Coca-Cola European Partners.

Kent said: "Over nearly two decades, James has built an impressive track record of strategic, operational and commercial accomplishments.

"He has proven to be a successful and trusted leader and brings to this position a strong reputation for developing people and inspiring teams. His wealth of experience across our global system, particularly in Europe and Latin America, will be a valuable asset as we continue to accelerate growth through our 2020 Vision and our previously announced five strategic actions."