ATLANTA, Feb. 21, 2013 -- The Board of Directors of The Coca-Cola Company today announced
legendary businessmen Donald R. Keough and James B. Williams will not stand for
re-election to the Board at the Company’s Annual Meeting of Shareowners in
April. The leaders retire after decades of
distinguished service to The Coca-Cola Company.
Keough, 86, served as President and Chief Operating Officer of
The Coca-Cola Company from 1981 to 1993, though his Coca-Cola history dates to 1950 when he
joined Butter-Nut Coffee, which was first acquired by Duncan Foods, and then
by The Coca-Cola Company in 1960. During his tenure with Coca-Cola, Keough served as
head of The Coca-Cola Foods Division from 1971 to 1973, as Chairman of the
Board of Coca-Cola Enterprises from 1986 to 1993, and as Chairman of Columbia
Pictures, Inc., from 1982 to 1989. He
retired as President, Chief Operating Officer and a Director of the Company in
April 1993. He was again elected as a
Director in 2004.
is known for his many business and personal accomplishments, having
successfully steered the Company through the ‘cola wars’ of the 1980s. During
his tenure, the Company and the system saw rapid international expansion and
significant shareowner value was created.
Keough was also known for his keen ability to connect with and cultivate
relationships with all those who came in contact with Coca-Cola. He is regarded as one of the most successful
leaders in the Company’s 126-year history.
For the past 20 years, Keough has
served as non-executive Chairman of the Board of Allen & Company Incorporated,
a privately held investment firm. He
also is Chairman of DMK International, and a Director of Berkshire Hathaway Inc.
and IAC/InterActive Corp. Keough also has served as non-executive Chairman of the Board of Allen &
Company, and has served on the Boards of McDonald’s, The Washington Post Company,
H.J. Heinz Company, Convera Corporation and The Home Depot. He is chairman
emeritus of the Board of Trustees and a Life Trustee of the University of Notre
James B. Williams, 79, is
a respected banking executive who has served as a Director of The Coca-Cola
Company since 1979 and as Chairman of the Board’s Finance Committee since 1985.
He is the former Chairman and Chief
Executive Officer of SunTrust Banks, Inc., a position he held from 1991 to
1998. He also served as Chairman of the
Executive Committee of SunTrust Banks, Inc. from 1998 to 2004.
Williams’ role as Director with Coca-Cola has been a natural connection
between the Company and the financial institution that financed the sale of the
Company in 1919 and safeguarded the secret formula for Coca-Cola in an Atlanta
vault for more than 80 years.
from Emory College in 1955, joined Trust Company Bank, and quickly rose through
the ranks to become President. In 1979, he was asked by Robert Woodruff,
legendary leader of The Coca-Cola Company, to become a member of the Board of
Directors and to chair Emory University's capital campaign. He is credited with contributing to Emory medical
school's dramatic rise to one of the nation's top 20 research-oriented medical
In addition to Coca-Cola, Williams serves as a Director of Marine
Products Corporation, Rollins, Inc., and RPC, Inc. He has also served on the Boards of Georgia
Pacific, Genuine Parts and Sonat, Inc.
“It’s hard to imagine Coca-Cola
without Don and Jimmy,” said Muhtar Kent, Chairman and CEO, The Coca-Cola
Company. “We are grateful to both of
them for the immeasurable leadership they’ve brought to our Company for decades. Many of our current Coca-Cola leaders learned
this business under Don, and I have personally benefitted from his guidance, mentorship
and friendship for more than 30 years. Likewise,
Jimmy has been a great advisor to me and the Board, and we have all gained from
his clear direction and wise counsel.”
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.