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Coca-Cola Chairman Muhtar Kent to Retire After 10 Years in the Role

Coca-Cola Co. KO, +0.61% said Thursday Chairman Muhtar Kent plans to retire in April, after about 10 years in the role. Kent also served as chief executive officer of the Coke parent from 2009 to 2017, when he was succeeded by current CEO James Quincey in May 2017. The beverage giant said Quincey has been elected to become chairman after the company's annual meeting in April 2019. The stock fell 1.7% in morning trade. It has gained 6.2% year to date, while the Dow Jones Industrial Average DJIA, -0.22% has lost 1.9%.

Lessons Learned from Muhtar Kent

By Altan Ergün * - Muhtar Kent was born in New York. His father was the Turkish Consul General at the time. After finishing high school in Turkey in 1971, he went to University of Hull where studied economics and then MBA at Cass Business School in London. Het joined the Coca-Cola Company in Atlanta in 1978 and rose through the company taking different leadership positions in US, Europe and Asia.  After a stint with Turkey’s Efes Beverage Group in 1999, he returned to Coca-Cola in 2005, and become the Chief Executive Officer in 2008 and then Chairman in 2009. He is married with two kids and lives in Atlanta.

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