The Coca-Cola Company Announces Retirements of Three Directors
The Coca-Cola Company (KO) has announced the retirement of three long-serving board members: Barry Diller, Alexis Herman, and Marc Bolland, effective Aug. 1. These directors have collectively served on the board for 48 years. Chairman and CEO James Quincey expressed gratitude for their significant contributions and leadership. The company plans to continue its ongoing efforts to refresh the board with new directors, ensuring that future nominees contribute to the collective expertise of the board. Quincey emphasized that the current board is well-equipped to oversee the business and represent shareholder interests.
The Coca-Cola Company (KO) ha annunciato il ritiro di tre membri del consiglio di amministrazione di lungo corso: Barry Diller, Alexis Herman e Marc Bolland, a partire dal 1° agosto. Questi direttori hanno complessivamente servito nel consiglio per 48 anni. Il presidente e CEO James Quincey ha espresso gratitudine per i loro significativi contributi e la loro leadership. L'azienda intende proseguire i suoi sforzi per rinnovare il consiglio con nuovi direttori, garantendo che i futuri candidati contribuiscano all'expertise collettiva del consiglio. Quincey ha sottolineato che l'attuale consiglio è ben attrezzato per sovrintendere all'attività e rappresentare gli interessi degli azionisti.
The Coca-Cola Company (KO) ha anunciado la jubilación de tres miembros del consejo de administración de larga trayectoria: Barry Diller, Alexis Herman y Marc Bolland, a partir del 1 de agosto. Estos directores han servido colectivamente en el consejo durante 48 años. El presidente y CEO James Quincey expresó su agradecimiento por sus importantes contribuciones y liderazgo. La compañía planea continuar sus esfuerzos en refrescar el consejo con nuevos directores, asegurándose de que los futuros nominados contribuyan a la experiencia colectiva del consejo. Quincey enfatizó que el consejo actual está bien preparado para supervisar el negocio y representar los intereses de los accionistas.
Coca-Cola Company (KO)는 세 명의 장기 이사인 Barry Diller, Alexis Herman, Marc Bolland의 퇴임을 8월 1일자로 발표했다. 이 이사들은 총 48년간 이사회에서 근무했다. 회장 겸 CEO인 James Quincey는 그들의 중요한 기여와 리더십에 대해 감사를 표했다. 회사는 새로운 이사로 이사회를 새롭게 하는 노력을 계속할 계획이며, 향후 후보자가 이사회의 집단 전문성에 기여하도록 보장할 예정이다. Quincey는 현재 이사회가 사업을 감독하고 주주의 이익을 대표하는 데 잘 준비되어 있다고 강조했다.
The Coca-Cola Company (KO) a annoncé le départ à la retraite de trois membres du conseil d'administration de longue date : Barry Diller, Alexis Herman et Marc Bolland, effectif le 1er août. Ces dirigeants ont collectivement servi au sein du conseil pendant 48 ans. Le président-directeur général James Quincey a exprimé sa gratitude pour leurs contributions et leur leadership significatifs. L'entreprise prévoit de poursuivre ses efforts pour rafraîchir le conseil avec de nouveaux administrateurs, s'assurant que les futurs candidats contribuent à l'expertise collective du conseil. Quincey a souligné que le conseil actuel est bien préparé pour superviser l'activité et représenter les intérêts des actionnaires.
Die Coca-Cola Company (KO) hat den Rücktritt von drei langjährigen Aufsichtsratsmitgliedern bekannt gegeben: Barry Diller, Alexis Herman und Marc Bolland, wirksam ab dem 1. August. Diese Direktoren haben insgesamt 48 Jahre im Aufsichtsrat gedient. Der Vorstandsvorsitzende und CEO James Quincey drückte seinen Dank für deren bedeutende Beiträge und Führung aus. Das Unternehmen plant, seine laufenden Bemühungen zur Erneuerung des Vorstands mit neuen Direktoren fortzusetzen, um sicherzustellen, dass zukünftige Kandidaten zur kollektiven Expertise des Gremiums beitragen. Quincey betonte, dass der aktuelle Vorstand gut aufgestellt ist, um das Geschäft zu überwachen und die Interessen der Aktionäre zu vertreten.
- Board refreshment initiative demonstrates commitment to corporate governance
- Loss of 48 years of combined board experience
The three directors have served a combined 48 years on The Coca-Cola Company board.
“I thank Barry, Alexis and Marc for their years of service and significant leadership they’ve provided for our company,” said James Quincey, Chairman and CEO of The Coca-Cola Company. “All three of these strong business leaders have made important contributions in their own, distinct ways. They will be missed, and I wish them all the best.”
Quincey said the company will continue its ongoing work to refresh the board with new directors.
“Our board is comprised of a highly capable group of leaders who are well-equipped to oversee our business and represent the interests of our shareowners,” Quincey said. “We will ensure that future nominees contribute to the collective expertise of our board, just as Barry, Alexis and Marc have done over the years.”
About Barry Diller
Diller has been a director of The Coca‑Cola Company since 2002 and chairman of the finance committee since 2013. He is chairman of the board and senior executive of IAC Inc., a leading media and Internet company.
Diller is also chairman of the board and senior executive of Expedia Group Inc., an online travel company. He previously served as special advisor to TripAdvisor Inc. from 2013 to 2017 and as its chairman and senior executive from 2011, when it was spun off from Expedia Inc., to 2012.
Diller is a director at MGM Resorts International.
About Alexis Herman
Herman has been a director of The Coca‑Cola Company since 2007. She is chair and CEO of New Ventures LLC, a risk management consulting firm.
Herman is chair of Toyota Motor Corp.'s Diversity Advisory Board. She previously served as chair of the business advisory board of Sodexo Inc., an integrated food and facilities management services company.
As chair of The Coca-Cola Company’s Human Resources Task Force from 2001 to 2006, Herman worked with the company to identify ways to improve its human resources policies and practices following the November 2000 settlement of an employment lawsuit.
Herman served as
She is a director at MGM Resorts International, along with Diller.
About Marc Bolland
Bolland has been a director of The Coca‑Cola Company since 2015. He serves as senior advisor to Blackstone Group International Partners LLP (Blackstone Europe). He was chairman of Blackstone Europe from 2019 to 2023 and head of Blackstone’s European Portfolio Operations from 2016 to 2022. Blackstone is the world’s largest alternative asset manager.
He previously served as CEO and a director of Marks & Spencer Group, an international, multi-channel retailer based in the
He previously served as a director of International Consolidated Airlines Group.
Bolland is a director of Exor N.V.
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,
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240723114330/en/
Investors and Analysts: Robin Halpern, koinvestorrelations@coca-cola.com
Media: Scott Leith, sleith@coca-cola.com
Source: The Coca-Cola Company
FAQ
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