Coca-Cola's president and chief operating officer, James Quincy, will become the CEO on May, 1st, taking the place of Muhtar Kent. Quincy has worked more than 20 years for the company and will be resuming the responsibility for one of the most recognized brands in the world. Kent will be stepping down to the position of chairman. According to regulatory filings last year, Kent was paid $14.6 million and Quincey was paid about $6.8 million. This change will hopefully allow the brand to move ahead of its rival company, Pepsi.
This article was posted on CNN, a popular and reliable news source that i can rely on for not placing bias on the articles. This article was produced on December 9, 2016 and i have not heard of this situation before reading it. This article was written for all people in our world that are interested in this type of news. This article is important because a change in a large cooperation, like Coca-Cola, may or may not have big effects in the worlds economy, etc, so people are interested as to if he will make changes in the company.
http://money.cnn.com/2016/12/09/news/companies/coca-cola-ceo-quincey/index.html
It's interesting to hear about the changes and advancements this company is making.
ReplyDeleteThis is very cool! I am interested to see what changes will occur once Quincy steps in! I feel as though Coco-Cola will begin to experience a new side to their large cooperation, and it might take on fresh new look at one of America's favorite soda companies.
ReplyDeletei wonder if the signature flavor will change or if it remains the same?
ReplyDeleteI think Coca Cola is great and will always be better than pepsi.
ReplyDeleteIt will be interesting to see if he takes the company in a new direction or makes any drastic changes to the way they operate.
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