Home Posts Tagged "Muhtar Kent"

Muhtar Kent

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The Coca-Cola Company took another significant initiative by building a robust and more streamlined production system in its flagship market. The company has announced …

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Coca-Cola Co. has announced a reorganization of its operating structure around main units. The remodeling is necessary to better address the changing demands of Coca-Cola’s marketplace. The company is aware of people reducing their soft-drinks consumption. Moreover the economic situation is still uncertain. The new operating structure will consist of three major businesses. In parallel to these changes two executive will be given much larger roles. This move is interpreted as an early step on the road to CEO succession.

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The consumption of Coca-Cola Company’s countless beverages in India led to a growth in its sales around the world in the Q1, where volume soared 20 percent. The growth has definitely pushed the company’s earnings above what the analysts’ expected, that is, to $2.05 billion, or 89 cents a share, in the quarter ended March 31, compared with 82 cents a share in the same quarter last year.

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