The Coca-Cola Co chairman & former CEO Muhtar Kent to step down next year

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Albania – ISA Country Report Former Coca-Cola Co CEO Muhtar Kent is to leave the company in April, handing over his current role of chairman to James Quincey.

Muhtar Kent’s early days at Coca-Cola included time working on a delivery truck

Kent, who was CEO from 2008 to 2017, steps away from Coca-Cola after 40 years with the company. His early days included time working on a delivery truck. Current CEO Quincey will replace Kent, taking on the dual roles of chairman & chief executive.

“One of the most important jobs of a 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.” After joining Coca-Cola in 1978 at its Atlanta headquarters, Kent worked his way up to GM for Turkey & Central Asia before taking over as MD for Coca-Cola Amatil-Europe in 1995.

Three years later he was appointed CEO of the Efes Beverage Group, a beverage company with Coca-Cola and beer operations across south-east Europe, Turkey and Central Asia. Kent returned to Coca-Cola in 2005 as COO of North Asia, Eurasia and Middle East Group and then as president of Coca-Cola International. In 2006, he was named COO before moving to the top job.

He handed over the CEO role to Quincey in 2017, but remained as chairman.

Meanwhile, Sam Nunn, who has been on the Coca-Cola board for 22 years, will also step down.

He will be replaced by Mel Lagomasino, the CEO of WE Family Offices, a company that caters to high-net-worth families.

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