The Coca-Cola Company renames Pacific Group as Asia Pacific; Announces organizational changes
Gurgaon, November 26, 2013: As part of The Coca-Cola Company’s continuous efforts to effectively position itself to fully capture the existing and emerging growth potential in the Pacific geography, the Company today announced key changes in the Pacific Group. This includes renaming of the Pacific Group to Asia Pacific and some key organizational changes. These changes are effective January 1, 2014.
Ahmet C. Bozer, Executive Vice President and President, Coca-Cola International, The Coca-Cola Company will continue to provide overall leadership to this Group. This Group will consist of three operating units:
Asia: comprises Greater China and Korea BU (GC&K), India & Southwest Asia BU (INSWA) and Association of Southeast Asian Nations BU (ASEAN);
South Pacific BU
The formation of the new Asia operating unit will further sharpen the company’s focus on China, India and Indonesia – three critical markets that dominate this part of the world, and play an unparalleled role in achieving the 2020 Vision growth targets.
With this transition, Atul Singh, currently Deputy Group President, Pacific, will be appointed Group President, Asia. He will continue to report to Ahmet Bozer, President, Coca-Cola International. Venkatesh Kini, currently Deputy BU President, India & South West Asia (INSWA), will be appointed Business Unit President, INSWA. Both Kini and Manuel Arroyo, BU President, ASEAN, will report to Atul while Atul will continue to provide oversight to GC&K BU until a successor is named at a later date.
These changes do not impact the organization structure at Hindustan Coca-Cola Beverages Pvt. Ltd,the Company owned bottling operations in India.
About Coca-Cola in India
The Coca-ColaCompany(NYSE: KO) is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Led byCoca-Cola, one of the world’s most valuable and recognizable brands, our Company’s portfolio features 16 billion-dollar brands including Diet Coke, Fanta,Sprite,Coca-ColaZero,vitamin water,Powerade,Minute Maid, Simply, Georgia and Del Valle. Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of more than 1.8 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active,healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world’s top 10 private employers with more than 700,000 system associates. For more information, visit Coca-Cola Journey at www.coca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCo, visit our blog, Coca-Cola Unbottled, at www.coca-colablog.com or find us on LinkedIn at www.linkedin.com/company/the-coca-cola-company.