CEO Neville Isdell has been the chief executive officer of The Coca-Cola Co since 2004. He is 62 years old. Follow Mr. Isdell and The Coca-Cola Co in the news and blogs or share your own opinion about the company and its leadership.
Coca-Cola Co. seeks to double its business in the next decade as it caters to the expected billion people worldwide who will join the middle class by 2020. The world's largest soft drink maker told analysts and investors at a meeting Monday that its systemwide revenue will reach $200 billion by 2020. The company hopes to make more money off those sales as it sells more soft drinks in emerging markets and reduces costs. CEO Muhtar Kent said that sales have doubled in the decade since 1997... Read Full Story
Coca-Cola Co. is unveiling new packaging for half of its worldwide juice volume that borrows from staple brand Minute Maid to create a more uniform look highlighting fruit and nature to appeal to consumers worldwide focusing more on health. The world's largest soft drink and juice maker introduced the new packaging to investors and analysts at a meeting Tuesday in its hometown of Atlanta. Consumers around the world are switching to juices and teas for health reasons, leaving soft drink sales... Read Full Story
Coca-Cola Co. is investing $5.8 billion in Brazil in the next five years, a marked increase from its current investment. The world's largest soft drink maker announced the investment — which lasts from 2010 to 2014 — on Thursday. The investment is a 75 percent boost over the $3.3 billion the company put into the country from 2005 to this year. The investments are being made with local operation Coca-Cola Brasil. CEO Muhtar Kent says in a statement that Brazil is one of the company's top... Read Full Story
The Coca-Cola Co. said Tuesday its third-quarter profit declined less than 1 percent, as sales fell as consumers continued to limit soft drink purchases and the stronger dollar took a toll on revenue. The world's biggest beverage maker says it earned $1.91 billion, or 81 cents per share, compared with $1.92 billion, or 81 cents per share, a year earlier. Results in the most recent quarter included a 1-cent restructuring charge. Atlanta-based Coca-Cola Co., the world's largest soft-drink... Read Full Story
An analyst on Monday raised estimates for Coca-Cola Co., saying the world's largest soft drink maker will see improving trends in its third quarter and less drag from foreign currency exchange. The Atlanta-based company is due to announce its third-quarter earnings on Oct. 20. UBS analyst Kaumil S. Gajrawala told clients in a note that findings by UBS analysts around the world showed improving trends in the U.S., India and other areas in the quarter. U.S. consumers have been cutting back on... Read Full Story
NEW YORK (Reuters) - Coca-Cola Co <KO.N> reported a third-quarter profit that topped Wall Street estimates by a penny, helped by higher sales volume and cost cuts. The world's largest soft drink maker said on Tuesday that net income rose slightly to $1.90 billion, or 81 cents per share, from $1.89 billion, or 81 cents per share, a year earlier. Excluding a charge, Coca-Cola earned 82 cents per share. Analysts on average were expecting 81 cents, excluding items, according to Thomson Reuters I... Read Full Story
NEW YORK (Reuters) - Coca-Cola Co said on Wednesday it will launch 90-calorie mini cans of soda to help consumers manage their calorie intake. The world's largest soft drink maker said the smaller packages will be available for the Coca-Cola, Sprite, Fanta Orange, Cherry Coca-Cola and Barq's Root Beer brands. The cans will be sold in packages of eight. The mini cans will debut in New York and Washington D.C. in December. Their nationwide roll-out should be "well under way" by March, the... Read Full Story
NEW YORK (Reuters) - Coca-Cola Co said on Wednesday it will include calorie information on the front of nearly all its packages, as the world's largest soft drink maker seeks to raise consumer awareness about nutrition. The move, which Coke said is the first among beverage companies, comes a day after it said it was intensifying its efforts to promote the benefits of a healthy lifestyle and balanced diet as a way to fight the possibility of a soft drink tax. There have been increasingly... Read Full Story
A former employee of a Coca-Cola Co. bottling plant in China has been detained by police, a company official said Sunday, amid news reports that the person was being investigated for allegedly accepting bribes of almost $1.5 million. Kenth Kaerhoeg, a Coca-Cola spokesman in Hong Kong, confirmed the detention of a former employee of the company's Shanghai bottling plant, run by Shenmei Beverage and Food Co., but did not give details. Kaerhoeg said in an e-mailed statement that Shenmei is... Read Full Story
NEW YORK (Reuters) - PepsiCo Inc lost its argument in a dispute over an advertising campaign by Coca-Cola Co which claimed that PepsiCo's Gatorade sports drink was missing crucial electrolytes, a U.S. judge ruled this week. In a written ruling on August 4, Manhattan federal court Judge John Koeltl said Stokely Van Camp (SVC), the PepsiCo-controlled company that brought the lawsuit in April "has not shown either a likelihood of irreparable injury or a likelihood of success on the merits." In... Read Full Story
