James Quincey new President and COO of Coca-Cola

In what some have labelled as a succession move as potential CEO, Quincey will have responsibility for all of the Company's operating units worldwide. He will report directly to Chairman and Chief Executive Officer Muhtar Kent.

Quincey, 50, is a 19-year veteran of Coca-Cola and since 2013 served as President of The Coca-Cola Company’s Europe Group, which comprises 38 countries. Under his management Europe became the most profitable Coca-Cola operating group.

“Over nearly two decades, James has built an impressive track record of strategic, operational and commercial accomplishments,” said Muhtar Kent, Chairman and Chief Executive Officer.

Sam Nunn, Independent Lead Director of The Coca-Cola Company’s Board said: “The Board unanimously agrees that James Quincey’s leadership experience coupled with his strategic thinking and proven ability to deliver results make him the right person to help execute Coca-Cola’s strategic priorities and drive sustainable growth.”

Quincey’s appointment coincides with the announcement that Ahmet Bozer, Executive Vice President and President of Coca-Cola International, will retire after a 25-year career. He will stay with Coca-Cola until March 2016, to ensure a smooth transition and serve as an adviser to Muhtar Kent.