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Netflix Executive Bela Bajaria Elected to Board of Directors of The Coca-Cola Company

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The Coca-Cola Company (NYSE: KO) has announced the election of Bela Bajaria, Chief Content Officer for Netflix Inc., to its Board of Directors. This brings the board to 12 members. Bajaria, who oversees all television and film content for Netflix globally with a budget of about $17 billion annually, is expected to provide valuable perspective on global business and marketing strategies.

In addition, Coca-Cola has declared a regular quarterly dividend of 48.5 cents per common share, payable on Dec. 16 to shareowners of record as of Nov. 29. The company reaffirmed its commitment to refreshing the world and making a difference through its diverse portfolio of beverage brands and sustainable practices.

The Coca-Cola Company (NYSE: KO) ha annunciato l'elezione di Bela Bajaria, Chief Content Officer di Netflix Inc., nel suo Consiglio di Amministrazione. Questo porta il numero totale dei membri del consiglio a 12. Bajaria, che supervisiona tutti i contenuti televisivi e cinematografici per Netflix a livello globale con un budget di circa 17 miliardi di dollari all'anno, si prevede fornirà preziose prospettive sulle strategie aziendali e di marketing globali.

Inoltre, Coca-Cola ha dichiarato un dividendo trimestrale regolare di 48,5 centesimi per azione ordinaria, che sarà pagabile il 16 dicembre agli azionisti registrati al 29 novembre. L'azienda ha ribadito il suo impegno a rinfrescare il mondo e a fare la differenza attraverso il suo diversificato portafoglio di marchi di bevande e pratiche sostenibili.

The Coca-Cola Company (NYSE: KO) ha anunciado la elección de Bela Bajaria, Directora de Contenidos de Netflix Inc., a su Junta Directiva. Esto lleva el total de miembros de la junta a 12. Bajaria, que supervisa todo el contenido de televisión y cine para Netflix a nivel mundial con un presupuesto de aproximadamente 17 mil millones de dólares anuales, se espera que aporte una valiosa perspectiva sobre las estrategias de negocios y marketing globales.

Además, Coca-Cola ha declarado un dividendo trimestral regular de 48,5 centavos por acción común, que se pagará el 16 de diciembre a los accionistas registrados al 29 de noviembre. La compañía reafirmó su compromiso de refrescar el mundo y hacer una diferencia a través de su diverso portafolio de marcas de bebidas y prácticas sostenibles.

더 코카콜라 컴퍼니 (NYSE: KO)는 넷플릭스(Neflix Inc.)의 최고 콘텐츠 책임자 벨라 바자리아를 이사회에 선출했다고 발표했습니다. 이는 이사회를 12명으로 늘리는 것입니다. 바자리아는 넷플릭스의 모든 텔레비전 및 영화 콘텐츠를 총괄하며, 연간 약 170억 달러의 예산을 관리하고 있으며, 글로벌 비즈니스 및 마케팅 전략에 대한 귀중한 시각을 제공할 것으로 예상됩니다.

또한 코카콜라는 정기 분기 배당금으로 주당 48.5 센트를 선언했으며, 이는 11월 29일 기준 주주들에게 12월 16일에 지급될 예정입니다. 이 회사는 다양한 음료 브랜드와 지속 가능한 관행을 통해 세상을 새롭게 하고 변화를 만드는 데 전념하고 있음을 다시 한 번 강조했습니다.

The Coca-Cola Company (NYSE: KO) a annoncé l'élection de Bela Bajaria, Responsable des Contenus pour Netflix Inc., à son Conseil d'Administration. Cela porte le conseil à 12 membres. Bajaria, qui supervise tout le contenu télévisuel et cinématographique pour Netflix à l'échelle mondiale avec un budget d'environ 17 milliards de dollars par an, est censée apporter une perspective précieuse sur les stratégies commerciales et de marketing mondial.

De plus, Coca-Cola a déclaré un dividende trimestriel régulier de 48,5 cents par action ordinaire, payable le 16 décembre aux actionnaires enregistrés au 29 novembre. L'entreprise a réaffirmé son engagement à rafraîchir le monde et à faire la différence grâce à son portefeuille diversifié de marques de boissons et à ses pratiques durables.

Die Coca-Cola Company (NYSE: KO) hat die Wahl von Bela Bajaria, Chief Content Officer von Netflix Inc., in ihren Vorstand bekannt gegeben. Dadurch besteht der Vorstand nun aus 12 Mitgliedern. Bajaria, die für alle Inhalte von Netflix im Bereich Fernsehen und Film weltweit mit einem Budget von etwa 17 Milliarden Dollar jährlich verantwortlich ist, wird voraussichtlich wertvolle Perspektiven zu globalen Geschäfts- und Marketingstrategien bieten.

Darüber hinaus hat Coca-Cola eine reguläre vierteljährliche Dividende von 48,5 Cent pro Stammaktie erklärt, die am 16. Dezember an die Aktionäre gezahlt wird, die am 29. November im Aktienbuch stehen. Das Unternehmen bekräftigte sein Engagement, die Welt zu erfrischen und einen Unterschied zu machen, durch sein vielfältiges Portfolio an Getränkemarken und nachhaltigen Praktiken.

Positive
  • Addition of Bela Bajaria to the Board of Directors, bringing expertise in global business and media
  • Consistent quarterly dividend of 48.5 cents per share maintained
  • Potential for improved marketing strategies due to Bajaria's media background
Negative
  • None.

Board Also Declares Regular Quarterly Dividend

ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today announced that Bela Bajaria, Chief Content Officer for Netflix Inc., has been elected as a director.

Bela Bajaria (Photo: Business Wire)

Bela Bajaria (Photo: Business Wire)

Bajaria’s election is effective immediately and brings the Coca-Cola board to 12 directors.

As Chief Content Officer, Bajaria oversees all television and film for Netflix in all languages. She manages a content budget of about $17 billion annually and reports to co-CEO Ted Sarandos. She sits on the company’s leadership team.

“Bela brings a wealth of experience in global business, from building and leading teams to setting strategy,” said James Quincey, Chairman and CEO of The Coca-Cola Company. “Her deep background in media also promises to provide our board and leadership with valuable perspective as Coca-Cola continues to evolve and strengthen its marketing model.”

Bajaria has been instrumental in programming award-winning films and series and has also spearheaded Netflix's expansion into live programming. As Chief Content Officer, she forged a groundbreaking, long-term partnership with World Wrestling Entertainment, ensuring that its flagship weekly program, “Raw,” is available to Netflix members worldwide. She secured rights to NFL Christmas Day games for Netflix for the next three years, marking another significant milestone.

Prior to her current role, Bajaria served as head of Global TV for Netflix, leading English and local-language scripted and unscripted series around the world, such as “Squid Game,” “Stranger Things,” “Wednesday,” “Bridgerton,” “La Casa de Papel” and “Cobra Kai.” She joined Netflix in 2016.

Prior to Netflix, Bajaria held senior roles at CBS Entertainment and NBCUniversal. At CBS, she served as Senior Vice President and led the cable studio for the company. At NBCUniversal, Bajaria was President of Universal Television, where she helped revive the major television studio that had been shuttered years before.

Bajaria, 53, was named one of Time’s 100 Most Influential People of 2022 and was on Fortune’s Powerful Women list for the last five years, among many other honors.

Quarterly dividend

The company declared a regular quarterly dividend of 48.5 cents per common share, payable Dec. 16 to shareowners of record of the company as of the close of business Nov. 29.

About The Coca-Cola Company

The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite and Fanta. Our water, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak and Ayataka. Our juice, value-added dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Instagram, Facebook and LinkedIn.

Investors and Analysts: Robin Halpern, koinvestorrelations@coca-cola.com

Media: Scott Leith, sleith@coca-cola.com

Source: The Coca-Cola Company

FAQ

Who is the new board member elected to The Coca-Cola Company (KO)?

Bela Bajaria, Chief Content Officer for Netflix Inc., has been elected as a new director to The Coca-Cola Company's Board of Directors.

What is the quarterly dividend announced by Coca-Cola (KO) in this press release?

The Coca-Cola Company declared a regular quarterly dividend of 48.5 cents per common share, payable on December 16 to shareowners of record as of November 29.

What is Bela Bajaria's role at Netflix?

Bela Bajaria is the Chief Content Officer at Netflix, overseeing all television and film content globally with an annual budget of about $17 billion.

How many directors are now on The Coca-Cola Company's (KO) board after this election?

With the election of Bela Bajaria, The Coca-Cola Company's board now consists of 12 directors.

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