Coca-Cola Chairman and CEO James Quincey has the newest on the up to date recipe on ‘The Claman Countdown.’
The Coca-Cola Firm introduced Wednesday that Henrique Braun will change into its subsequent CEO, efficient March 31, 2026.
Braun, the corporate’s government vice chairman and chief working officer, will succeed longtime CEO James Quincey, who will transition to government chairman after 9 years main the beverage large, in accordance with an announcement from the corporate.
“I’m honored to take on this new role and have tremendous appreciation for everything James has done to lead the company,” Braun mentioned in an announcement.
“We’ll work to unlock future growth in partnership with our bottlers. I’m excited about the future of our business and see huge opportunities in a fast-changing global market.”
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The Coca-Cola Firm introduced Wednesday that Henrique Braun will change into its subsequent CEO, efficient March 31, 2026. (The Coca-Cola Firm)
Braun, 57, has served as COO since January and oversees Coca-Cola’s worldwide working models. He joined the corporate in 1996 and has held quite a few international “roles of increasing responsibilities,” in accordance with the announcement.
In his new place, Coca-Cola mentioned, Braun will prioritize international development alternatives, getting nearer to client wants and expanded use of know-how to drive efficiency.
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Bottles of Coca-Cola are displayed on a shelf in a grocery store Oct. 29, 2024. (Reuters/Dado Ruvic/Illustration/File Photograph / Reuters Images)
Quincey, 60, grew to become CEO in 2017 and has helped form Coca-Cola right into a “total beverage company.”
He additionally guided the corporate by way of the COVID-19 pandemic.
Since Quincey took over as CEO, Coca-Cola’s inventory worth has climbed practically 63%, in accordance with Reuters.
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James Quincey, CEO of Coca-Cola Co., after a Bloomberg Tv interview on the World Financial Discussion board in Davos, Switzerland, Jan. 18, 2024. (Hollie Adams/Bloomberg through Getty Pictures / Getty Pictures)
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“I’m stepping down as CEO after a 30-year career with the company, and I have an appreciation of what a privilege it has been to serve this great and enduring business,” Quincey mentioned in an announcement.
“Henrique is a trusted and highly experienced business partner, and he’s the right leader to steer the company and the Coca-Cola system for future growth and success.”
