Priorities to Include Retaining ‘Best Era’ of Bottler Alignment, Braun Says
December 19, 2022
Coca-Cola has announced the promotion of Latin America Operating Group President Henrique Braun to a new role as President of International Development. The appointment makes him a top contender to succeed Chairman and CEO James Quincey. When he starts officially on Jan. 1, Braun will oversee ...
Key Changes Include Separately Focused Fountain and Retail Customer Teams
December 19, 2022
Incoming Coca-Cola North America Operating Unit President Jennifer Mann has announced her leadership team and key organizational changes intended to “accelerate our growth, improve speed and capabilities, and make it easier to get work done,” she told staff in a Nov. 29 internal memo to staff. Key appointments include the promotion of Joel Bishop, currently an SVP and GM for the Glaceau hydration business unit, to head of strategy for North America. Outgoing Strategy Chief Diego Granizo will become a key advisor to Mann “while he identifies his next role and supports the transition,” she said. Mann also added a new Customer Care team, to be led by Sean Lee, focused on ...
Incoming Coke North America President Mann Sets Leadership, Structure for 2023. Key Changes Include Focused Fountain and Retail Customer Teams.
Incoming Coca-Cola North America Operating Unit President Jennifer Mann has announced her leadership team and key organizational changes for 2023, according to an internal staff announcement today. Mann said the changes will “accelerate our growth, improve speed and capabilities, and make it easier to get work done.” The new structure includes the separation of foodservice/on-premise operations (known also as fountain) from operations related to retail customers including groceries and convenience stores. “We are intentionally splitting...
Incoming Unit President Mann Looks to Accelerate Decision Making
November 9, 2022
Coca-Cola will eliminate an unspecified number of jobs within its North America Operating Unit under a voluntary separation program announced internally last week. The employee reduction will set the stage for structural changes under...
Bottling executives within the US Coke and Pepsi soft drink systems have experienced a business environment during the past three years like no other in their tenures. A global pandemic shut down most fountain sales and drove consumers to retail, where a sudden sales spike stretched infrastructure and workforces. Then supply chain disruptions forced bottlers to...
Fast Twitch to Reach Retail Nationally in Early 2023 After NFL Debut
September 7, 2022
PepsiCo’s Gatorade, the fourth-largest liquid refreshment beverage brand in the US, is preparing to launch a caffeinated energy drink formulated specifically for athletes. The product, called Fast Twitch, could rightfully...
Says $5B in Cash to Be Trained on Targets That Promise ‘Long-Term Profit’
August 2, 2022
A day before transitioning to executive chairman on July 29, Keurig Dr Pepper Chairman and CEO Bob Gamgort updated investors on his upcoming M&A focus as he hands the ...
Expects No. 2 Sports Drink Brand to Double Sales Within Four to Five Years
May 9, 2022
Late last month, former Chobani executive Federico Muyshondt took over as CEO
of BodyArmor, the sports drink and electrolyte water company that Coca-Cola purchased
in full last November. Born in Miami and raised in El Salvador, Muyshondt recalls his early introduction to the shiny US consumer packaged goods market by way of...
Wall Street Weighs in on Implications, Reads Deal Tea Leaves
April 19, 2022
Keurig Dr Pepper announced on April 5 that President and CEO Bob Gamgort, 59, will hand day-to-day control of the company to collaborator and CFO Ozan Dokmecioglu, 50, on July 29. Gamgort will become executive chairman. The move was...
Incoming CEO Mike Suco Stood Out as Keeper of Atlanta Flame
February 9, 2022
Coca-Cola Bottling Company United, Coca-Cola’s third largest US bottler, has named Mike Suco as the company’s eighth president and CEO in its 120-year history. Currently an SVP and chief commercial officer, Suco will succeed the retiring John Sherman as head of the Birmingham, Alabama-based bottler whose territory includes...