The Coca-Cola Company’s board of directors today elected Kathy N. Waller as executive vice president and chief financial officer, effective immediately. As announced in February, Waller, 55, replaces Gary Fayard, who is retiring after 20 years with the company.

Waller, a highly respected global leader of the company’s finance division, most recently served as vice president, finance, and controller. She joined Coke in 1987 as a senior accountant in the accounting research department and assumed roles of increasing responsibility, including principal accountant for the Northeast Europe/Africa Group, marketing controller for the McDonald's Group, and vice president and chief of internal audit. 

Waller leads the company’s Women’s Leadership Council and helped develop its highly successful Women in Leadership global program. She also serves on the advisory board of Catalyst, the leading nonprofit organization with a mission to expand opportunities for women and business.

Prior to joining The Coca-Cola Company, Waller worked for the firm now known as Deloitte. She received her bachelor's and MBA degrees from the University of Rochester in New York and is a certified public accountant.

The board also elected Larry M. Mark, Mark Randazza, Dr. Wamwari Waichungo, Ronald J. Lewis and Jos Wellekens as vice presidents of the company, effective immediately, and declared a regular quarterly dividend of 30.5 cents per common share. The dividend is payable July 1, 2014, to shareowners of record as of June 16, 2014. Earlier this year, the board approved the company's 52nd consecutive annual dividend increase, raising the quarterly dividend 9 percent from 28 cents to 30.5 cents per share. This is equivalent to an annual dividend of $1.22 per share, up from $1.12 per share in 2013.