PRESS RELEASE OF THE COCA-COLA COMPANY DATED. JUNE 10, 2009
Published on June 10, 2009
Exhibit
99.1
Media Relations
Department
P.O. Box 1734, Atlanta, Georgia 30301
Telephone
(404) 676-2121
FOR IMMEDIATE RELEASE Contact:
Dana Bolden
(404) 676-2683
(404) 676-2683
THE COCA-COLA COMPANY
CREATES NEW STRUCTURE TO INTEGRATE
THREE KEY FUNCTIONS;
PROMOTES FIVE EXECUTIVES
Harry
Anderson to Lead Global Business and Technology Services, Ann Taylor
to
Head Global Business Services and Jeremy Faa to Lead Global Finance
Transformation
The
Company to Recommend that the Board of Directors Elect Kathy Waller as
Controller
and Appoint Connie McDaniel as Chief of Internal Audit
ATLANTA,
June 10, 2009 – In support of its ongoing productivity and transformation
initiatives, The Coca-Cola Company today announced the formation of a new
structure that will integrate three core functions: Global Business
Services, Global Information Technology and Transformational
Productivity. The newly formed organization, Global Business and
Technology Services (GBTS), will enable the Company to deliver global business
services such as compensation and benefits administration, accounting and
financial reporting, and application development and support -- services that
are highly dependent on technology and standardized processes – to its business
units in a more effective and efficient way.
Effective
July 1, Harry Anderson, currently vice president and controller, will lead this
new organization and report to Alex Cummings, chief administrative officer, and
Gary Fayard, chief financial officer.
Mr. Anderson joined the Company in 2001 and, prior to his most recent role,
served as chief financial officer of Coca-Cola North America from
2004-2007. In 2003, he was named vice president and director of
Supply Chain and Manufacturing Management. Before joining the
Company, he served in roles of increasing
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responsibility
at Turner Broadcasting System, Inc., where he was executive vice president of
Finance and Operations for Turner Entertainment Group. Prior to his roles at
Turner Broadcasting, Mr. Anderson worked in Audit and Accounting Services at
Price Waterhouse. He has a bachelor's degree in accounting from the
University of Alabama.
The
Company’s management will recommend at the July Board of Directors meeting that
the Board elect Kathy Waller as controller, effective August
1. Ms. Waller is currently vice president and chief of internal
audit. Ms. Waller is a Certified Public Accountant who joined The
Coca-Cola Company in 1987 as a senior accountant in the Accounting Research
Department. Three years later, she became principal accountant for the Northeast
Europe/Africa Group and, in 1991,she became marketing controller for the
McDonald’s Group. Ms. Waller was then named financial services manager for the
Africa Group and The Minute Maid Company in 1996. She served as the
director of Financial Reporting from 1998 to 2004 when she assumed her current
position. Prior to joining the Company, Ms. Waller worked for the
firm now known as Deloitte Touche Tohmatsu. She received her
bachelor’s and MBA degrees from the University of Rochester in New
York.
The
Company’s management also will recommend at the July meeting that the Board of
Directors appoint Connie McDaniel to the role of chief of internal audit,
effective August 1. Ms. McDaniel, currently vice president and head
of Global Finance Transformation, has played an instrumental role in leading the
finance transformation over the last two years.
Previously,
Ms. McDaniel served as controller, a role held from 1999 to
2007. Prior to that, she served in other critical leadership roles
including division finance manager of Germany, division finance manager of the
Southeast and West Asia Division, and director of Financial
Reporting. Before joining the Company, Ms. McDaniel spent nine years
at Ernst & Young. She has a bachelor's degree in accounting from
Georgia State University and is a Certified Public
Accountant.
Jeremy
Faa, currently global director of Finance Transformation, will expand his
responsibilities to include the overall strategic direction and implementation
of the global finance transformation.
Prior to
his leadership role in Finance Transformation, Mr. Faa served as Group CFO
and director of Business Strategy for the Pacific Group. He joined
The Coca-Cola Company in 1997 and has since held a number of roles, including
the Business Development manager and Operations director for Coca-Cola
Indonesia and director
of
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Business
Planning and executive assistant to the Coca-Cola Asia Group President.
Prior to joining Coca-Cola, Mr. Faa was a consultant at the L\E\K Partnership
with assignment in Australia, Indonesia and
New
Zealand. Mr. Faa has degrees in law and commerce from Bond
University in Australia.
Ann
Taylor, currently vice president and chief financial officer, Transformational
Productivity, will head up Global Business Services, effective July 1, reporting
to Mr. Anderson. Since joining the Company in 1984, Ms.
Taylor has held a variety of finance roles with increasing
responsibilities, including director of Investor Relations from 2004 to
2008. Ms. Taylor served as chief financial officer for the Europe,
Eurasia and Middle East group, and prior to that role, she was division finance
manager for Great Britain and Ireland, division finance manager for Northwest
Europe, and chief financial officer for Western Europe. Before
joining the Company, she worked at what is now Deloitte Touche Tohmatsu. Ms.
Taylor has a bachelor’s degree in math and economics from Wake Forest University
and a master’s degree in business from the University of Virginia.
The Coca-Cola
Company is the world's largest beverage company, refreshing consumers with
nearly 500 sparkling and still brands. Along with Coca-Cola, recognized as the
world's most valuable brand, the Company's portfolio includes 12 other billion
dollar brands, including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater,
POWERADE,
Minute Maid and Georgia Coffee. Globally, we are the No. 1 provider of sparkling
beverages, juices and juice drinks and ready-to-drink teas and coffees. Through
the world's largest beverage distribution system, consumers in more than 200
countries enjoy the Company's beverages at a rate of nearly 1.6 billion servings
a day. With an enduring commitment to building sustainable communities, our
Company is focused on initiatives that protect the environment, conserve
resources and enhance the economic development of the communities where we
operate. For more information about our Company, please visit our website at
www.thecoca-colacompany.com.
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