Evan G. Greenberg to Resign from The Coca-Cola Company Board of Directors
September 26 2016 - 1:00PM
Business Wire
The Coca-Cola Company said today that Evan G. Greenberg, 61, has
informed the Company that he will resign from the Company’s Board
of Directors, effective Oct. 1, 2016. Greenberg said his decision
was based on increased demands on his time resulting from an
acquisition by his company earlier this year to create Chubb
Limited, of which he is now the Chairman and Chief Executive
Officer.
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Evan G. Greenberg (Photo: Business
Wire)
Greenberg commented: “Due to increasing demands on my time
following a major recent acquisition by my company, I have decided
to resign from The Coca-Cola Company’s Board of Directors to devote
my full attention to my expanded business commitments as Chairman
and CEO of Chubb Limited. I have enjoyed the opportunity of serving
on the board over the past few years and believe the Company has
strong plans in place for the future. I have every confidence in
the Company’s leadership and wish Muhtar Kent and James Quincey
well as they build an exciting future for the Company and its many
stakeholders.”
Muhtar Kent, Chairman and Chief Executive Officer, The Coca-Cola
Company, said: “On behalf of everyone at Coca-Cola, I want to thank
Evan for his leadership and service to our board. We have
benefitted greatly from Evan’s deep experience and perspective, and
we wish him every success as he dedicates his time to leading
Chubb’s business into the future.”
About The Coca-Cola
Company
The Coca-Cola Company (NYSE: KO) is the world's largest beverage
company, refreshing consumers with more than 500 sparkling and
still brands and more than 3,800 beverage choices. Led by
Coca-Cola, one of the world's most valuable and recognizable
brands, our company’s portfolio features 20 billion-dollar brands,
18 of which are available in reduced-, low- or no-calorie options.
Our billion-dollar brands include Diet Coke, Coca-Cola Zero, Fanta,
Sprite, Dasani, vitaminwater, Powerade, Minute Maid, Simply, Del
Valle, Georgia and Gold Peak. Through the world's largest beverage
distribution system, we are the No. 1 provider of both sparkling
and still beverages. More than 1.9 billion servings of our
beverages are enjoyed by consumers in more than 200 countries each
day. With an enduring commitment to building sustainable
communities, our company is focused on initiatives that reduce our
environmental footprint, create a safe, inclusive work environment
for our associates, and enhance the economic development of the
communities where we operate. Together with our bottling partners,
we rank among the world's top 10 private employers with more than
700,000 system associates. For more information, visit Coca-Cola
Journey at www.coca-colacompany.com, follow us on Twitter at
twitter.com/CocaColaCo, visit our blog, Coca-Cola Unbottled, at
www.coca-colablog.com or find us on LinkedIn at
www.linkedin.com/company/the-coca-cola-company.
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version on businesswire.com: http://www.businesswire.com/news/home/20160926006197/en/
The Coca-Cola CompanyMediaPetro Kacur,
+01-404-676-2683orInvestorsTim Leveridge,
+01-404-676-7563
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