Friday, December 12, 2008

The Coca-Cola Company Announces Neville Isdell Will Not Stand for Re-Election to Board of Directors; Board Intends to Elect Muhtar Kent as Chairman

(BUSINESS WIRE)--The Coca-Cola Company announced December 11 that it received a letter from its Chairman of the Board, Neville Isdell, confirming that, consistent with the succession plan announced in December 2007, he will not stand for re-election to the Board of Directors at the April 2009 Annual Meeting of Shareowners. James D. Robinson III, Presiding Director of The Coca-Cola Company, also announced that the Board intends to elect President and Chief Executive Officer Muhtar Kent to succeed Mr. Isdell as Chairman of the Board following the April Annual Meeting of Shareowners.

“I have always believed that well-conceived and well-executed succession planning is a vital responsibility of public company boards,” said Mr. Isdell. “We met that responsibility when we announced one year ago just such a plan, including placing the future leadership of the Company in the experienced and talented hands of Muhtar Kent, who is providing outstanding leadership as he manages both for today and tomorrow.”

Fayette Front Page
Georgia Front Page

No comments: