Coca-Cola names group presidents for Asia Pacific and Europe
The Coca-Cola Company announced new roles for four operational leaders, including the naming of two new group presidents. The company also announced the creation of a Global Ventures position. The promotions are a follow-up to an earlier announcement about the company's election of a new president and chief operating officer and the transition to a new chief financial officer. Manuel "Manolo" Arroyo will become group president for the Asia Pacific region. He will replace John Murphy, who has been elected to become executive vice president and chief financial officer on March 16, 2019, after a transition period with the current CFO, Kathy Waller. Arroyo will be succeeded in Mexico by Galya Molinas, who currently serves as senior vice president of Global Strategy & Insights for Coca-Cola. Nikos Koumettis has been named as a group president, overseeing Europe, Middle East and Africa. He replaces Brian Smith, who has been elected to become president and chief operating officer. Koumettis will be succeeded as head of CEE by Lana Popovic, who currently serves as North-East Europe franchise general manager. Jennifer Mann, the company's Chief People Officer, will take on additional duties as president, Global Ventures. Mann and all Coca-Cola group presidents will report to Smith. All changes take effect Jan. 1, 2019.