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Coke Separates CEO, Chairman Roles |
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Tuesday, 22 April 2008 |
NEW YORK: Coca-Cola Co. said Tuesday that it amended its bylaws to separate the roles of chairman and chief executive before incoming CEO Muhtar Kent takes over in July.
In December CEO E. Neville Isdell said he would step down, effective July 1, with Chief Operating Officer Kent taking over. Isdell, who has been CEO since 2004, will serve as chairman until Coca-Cola's annual shareholders meeting.
According to a filing with the Securities and Exchange Commission, shareholder approval is not needed to amend the Atlanta-based company's bylaws.
Copyright 2008 Associated Press. All rights reserved. |
