Approves 51st Consecutive Annual Dividend Increase
Elects Ahmet Bozer, Steve Cahillane, Sandy Douglas as Officers
ATLANTA, Feb. 21, 2013 -- The Board of Directors of The Coca-Cola Company today approved
the Company's 51st consecutive annual dividend increase, raising the quarterly dividend
10 percent from 25.5 cents to 28 cents per common share. This is equivalent to an annual dividend of
$1.12 per share, up from $1.02 per share in 2012.
The first quarterly dividend is payable April 1, 2013, to shareowners of record
as of March 15, 2013.
The increase reflects the
Board's confidence in the Company's long-term cash flow. The Coca-Cola Company returned $9.1 billion to
shareowners in 2012, through $4.6 billion in dividends and $4.5 billion in
share repurchases, bringing to $24.9 billion the amount returned to shareowners
through dividends and share repurchases since Jan. 1, 2010.
The Board today also elected Ahmet C. Bozer, President, Coca-Cola
International, and Steven A. Cahillane, President, Coca-Cola Americas, as
Executive Vice Presidents of the Company, and J. Alexander “Sandy” Douglas,
Jr., Global Chief Customer Officer, as a Senior Vice President of the Company. These Board elections are effective
Bozer, Cahillane and Douglas each assumed their current roles effective Jan.
1 as part of the Company’s new global operating structure announced last July.
Bozer, 52, oversees Coca-Cola International, which consists of the Company’s Europe, Pacific
and Eurasia & Africa operations. Before assuming his current role, Bozer served
as President, Eurasia & Africa Group, where he led the Company’s business
activities in more than 90 countries.
Bozer began his career with
The Coca-Cola Company in 1990 as a Financial Control Manager in Atlanta then
moved to Turkey in 1992 as Region Finance Manager. In 2000, he became President of the Eurasia
Division and six years later assumed responsibility for the Russia, Ukraine and
Belarus Division. In 2007, with the
addition of the India and South West Asia Division under his responsibilities,
he was named President of the Eurasia Group.
In 2008, with the
merger of the Eurasia and Africa Groups, he assumed Group Presidency of the
Eurasia and Africa Group.
Cahillane, 47, oversees
Coca-Cola Americas, which consists of the Company's North
America and Latin America operations. Before
assuming his current role, Cahillane served as President and CEO of Coca-Cola
Refreshments (CCR), an operating unit representing nearly 90 percent of the
North American business of The Coca-Cola Company.
to leading CCR, Cahillane was President of Coca-Cola Enterprises’ (CCE) North
American business. He has spent his entire career in the beverage industry in North
America and Europe, including leadership roles at Coors and InBev. Labatt USA, and
Interbrew UK and Ireland. In 2007, he
was appointed President of the Europe Group for CCE and in 2008 he was named
President of CCE's North American Business Unit.
As Global Chief Customer Officer,
51, leads strong, strategic relationships with customers around the world to
ensure that Coca-Cola is known globally as an organization that delivers
world-class value and service to customers. He also continues to lead the
North America franchise strategy. Prior to this appointment, he was President of the
Coca-Cola North America Group.
Douglas joined The Coca-Cola Company in January 1988 as a District
Sales Manager for the Foodservice Division of Coca-Cola USA and has held positions
of increasing responsibility. He was
named Vice President of Coca-Cola USA in 1994, and was appointed President of
the North America Retail Division in 2000.
For more information on each of
these leaders, click here.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Led by Coca-Cola, the world's most valuable brand, our Company's portfolio features 16 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of more than 1.8 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system associates. For more information, visit Coca-Cola Journey at www.coca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCo or visit our blog, Coca-Cola Unbottled, at www.coca-colablog.com.