Kent succeeds Isdell as Coca-Cola chairman
April 24, 2009
by Eric Schroeder
ATLANTA — The board of directors of The Coca-Cola Co. on Thursday elected Muhtar Kent as chairman of the board. Mr. Kent succeeds Neville Isdell, who retired following the company’s annual meeting of shareowners April 22 in Atlanta.
Mr. Kent also was re-elected as president and chief executive officer of the company.
The move completes a leadership succession plan put in place by Coca-Cola in December 2007.
"This is an appropriate and further recognition of Muhtar’s outstanding leadership of our company," said James D. Robinson III, presiding director of The Coca-Cola Co. "The board has tremendous confidence in Muhtar’s leadership and his vision to lead the company beyond these turbulent times and continue on its progress toward long-term, sustainable growth. As president and c.e.o., he has assembled a uniquely qualified and experienced leadership team. The company is in strong hands. We congratulate Muhtar on his new responsibilities."
Mr. Robinson also thanked Mr. Isdell for his leadership.
"On behalf of the Coca-Cola family, I’d like to thank Neville for the exemplary leadership he brought to our company, and his 43 years of dedicated service to our system. Neville guided our company through a very difficult period, and while his accomplishments were numerous, he will be forever remembered for bringing back the winning spirit to Coca-Cola. We wish him and his family continued good health and happiness as they embark upon the next exciting chapter of their lives."