Since becoming CEO in July 2008, Muhtar Kent has achieved a long list of strategic accomplishments to drive The
Creating a long-term plan to refocus the company on its core business model of building strong brands, enhancing customer value and leading a strong, dedicated global franchise system. Through an accelerated bottler refranchising initiative, The
Making disciplined investments across an increasingly diverse beverage portfolio with the introduction of approximately 1,000 new products. The number of products marketed by The
Leading a shift in focus toward growing revenue ahead of volume in developed markets and a more balanced approach between volume and revenue in developing and emerging markets. Under Kent's leadership, the company has grown its share of total dollars spent in the nonalcoholic ready-to-drink beverage industry (or value share) for 39 consecutive quarters.
Investing in markets around the world for long-term growth. Since 2010, The
Embracing productivity as a business strategy and competitive advantage. Through productivity and reinvestment programs launched since 2008, the company is on track to achieve almost $5 billion in annual savings by 2019.
Delivering increased value to shareowners. Since July 1, 2008, the company has grown shareowner value by more than $100 billion with continued annual increases in dividends and growth in the company’s share price. Over that same time, the company delivered a double-digit annualized total shareowner return. In 2012, the company also executed a two-for-one stock split to shareowners – the first in 16 years.
Building a strong management development pipeline and a world-class leadership team, including the selection of James Quincey as the company’s president and Chief Operating Officer and next CEO.
Championing diversity and workplace inclusion with a particular focus on women in leadership. Under Kent's leadership, the number of women in senior leadership roles within The
Stepping up the company’s progress on social and environmental issues, including spearheading the launch of the 5by20 initiative to support the economic empowerment of 5 million women entrepreneurs globally by 2020 and leading The