By Colin Kellaher

Coca-Cola Co. (KO) on Thursday said long-time Chairman Muhtar Kent will retire in April and will be succeeded by Chief Executive James Quincey.

The Atlanta beverage giant said Mr. Kent, who has served as chairman since 2009, will remain in the post through the company's 2019 annual meeting, where he won't stand for reelection.

Mr. Quincey took over for Mr. Kent as CEO in May 2017.

Coke said former U.S. Sen. Sam Nunn, who currently serves as lead independent director, also won't stand for reelection at the annual meeting after a 22-year run on the board. Maria Elena Lagomasino, who joined the Coca-Cola board in 2008, will succeed Mr. Nunn as lead independent director.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

December 06, 2018 11:29 ET (16:29 GMT)

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