Coca-Cola Board of Directors Elects Company Officer and Declares Regular Quarterly Dividend
ATLANTA--(BUSINESS WIRE)-- The Board of Directors of The Coca-Cola Company today announced the election of one new officer, along with declaring the company’s regular quarterly dividend.
Gilles Leclerc, who became president of The McDonald's Division of The Coca-Cola Company on Jan. 7, has been elected by the board as a vice president. Leclerc previously served as vice president, The McDonald's Division International.
Leclerc joined Coca-Cola in 1998, progressing through roles of increasing responsibility in France and China, from leading major global customer teams for Carrefour, Metro Group and Système U to general manager, key customers, for Coca-Cola in China. Leclerc received an MBA from the Barney School of Business at the University of Hartford in Connecticut.
The board also declared a regular quarterly dividend of 40 cents per common share. The dividend is payable Dec. 16, 2019, to shareowners of record of the company as of the close of business on Dec. 2, 2019.
Earlier this year, the board approved the company’s 57th consecutive annual dividend increase, raising the quarterly dividend from 39 cents to 40 cents per common share.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is a total beverage company, offering over 500 brands in more than 200 countries and territories. In addition to the company’s Coca-Cola brand, our portfolio includes AdeS, Ayataka, Costa, Dasani, Del Valle, Fanta, Georgia, Gold Peak, Honest, innocent, Minute Maid, Powerade, Simply, smartwater, Sprite, vitaminwater and ZICO. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We’re also working to reduce our environmental impact by replenishing water and promoting recycling. With our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at Coca-Cola Journey at www.coca-colacompany.com and follow us on Twitter, Instagram, Facebook and LinkedIn.
The fairlife® brand is owned by fairlife LLC, our joint venture with Select Milk Producers Inc. Products from fairlife are distributed by our company and certain of our bottling partners.
Investors and Analysts: Tim Leveridge, koinvestorrelations@coca-cola.com
Media: Scott Leith, sleith@coca-cola.com
Source: The Coca-Cola Company
Released October 17, 2019