Coca-Cola CEO James Quincey is stepping down and will be replaced by COO Enrique Brown at the end of March next year, the company's press service announced.
Quincey, 60, joined the company in 1996, became CEO in 2017 and chairman of the board in 2019. After resigning as CEO, he will take on the role of COO.
Under his leadership, Coca-Cola shares have increased by more than 60%, according to Bloomberg.
Brown will be executive vice president and COO from January 1, 2025 and executive vice president from 2024.