Coca-Cola Company appoints Jennifer Mann as new president of North America operating unit

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COCA-COLA($NYSE:KO): The Coca-Cola Company announced Tuesday the appointment of Jennifer Mann as the president of beverage giant’s North America operating unit, effective Jan. 1, 2023. Mann succeeds Alfredo Rivera who is to step down after his 38 years of stint at Coca-Cola; however, Rivera will remain with the company as a senior advisor through March 2023. This move comes as a bit of a surprise, as Rivera has been with Coca-Cola for nearly four decades and has been widely credited with helping to grow the company’s North American business. It remains to be seen how Mann will impact Coca-Cola’s North American business, but she is undoubtedly a qualified and experienced leader. Coca-Cola’s shareholders and investors will be closely watching to see how she performs in her new role.

Share Price

This news sent COCA-COLA stock prices up by 0.1% from the previous day’s close of $64.2. In her new role, she will be responsible for all of Coca-Cola’s North American businesses, including its bottling operations. This is a significant appointment, and it underscores Coca-Cola’s commitment to its North American market.

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Summary

In her new role, Mann will be responsible for all of Coca-Cola’s North American business, including sales, marketing, manufacturing, and distribution. She will report directly to Coca-Cola CEO James Quincey. “Jennifer is a proven leader with a deep understanding of our business and our consumers,” Quincey said in a statement. Under Douglas’s leadership, Coca-Cola’s North American business has thrived, posting strong financial results and launching a number of successful new products. With Mann at the helm, Coca-Cola is poised for continued success in North America. Mann is a proven leader with a deep understanding of the Coca-Cola business and a passion for the company’s brands. She will be an excellent steward of the business and will help drive continued growth in the region.