James D. Robinson III, Peter Ueberroth to Retire from The Coca-Cola Company Board of Directors
20 February 2015 - 7:08AM
Business Wire
Both Will Remain Directors through the
Company’s Annual Meeting in April
The Board of Directors of The Coca-Cola Company today announced
James D. Robinson, III, and Peter V. Ueberroth will not stand for
re-election to the Board at the Company’s Annual Meeting of
Shareowners in April.
Robinson, 79, is a longtime director of The Coca-Cola Company,
having served on the Board since 1975. Robinson is a highly
respected businessman, best known for his leadership as the Chief
Executive Officer of American Express Company from 1977 to 1994. He
also served as the non-executive Chairman of the Board of
Bristol-Myers Squibb Company from 2005 to 2008. Currently, Robinson
is the Co-Founder and General Partner of RRE Ventures, an early
stage technology-focused venture capital firm and serves as
President of J.D. Robinson, Inc., a strategic advisory firm.
Robinson is a member of the Council on Foreign Relations, serves
as Honorary Chairman of Memorial Sloan-Kettering Cancer Center, an
Honorary Trustee of the Brookings Institution, and Chairman
Emeritus of the Partnership for New York City and the World Travel
and Tourism Council. He is a Director of On Deck Capital, Inc. and
a member of the Board of the National Academy Foundation.
Peter V. Ueberroth, 77, is a highly respected executive who has
served as a Director of The Coca-Cola Company since 1986.
Currently, he is an investor and Chairman of the Contrarian Group,
Inc., a business management company, and serves as Chairman of the
Board of Aircastle Limited. He is also Co-Chairman of Pebble Beach
Company.
Ueberroth is most well-known for his role as President of the
Organizing Committee for the 1984 Summer Olympic Games in Los
Angeles, for which he was named TIME Magazine’s Person of the Year.
Ueberroth is also recognized for his work as Commissioner of
Baseball from 1984 to 1989, then later as the co-owner of Pebble
Beach golf course. More recently, he served as Chairman of the
United States Olympic Committee until 2008.
“We are deeply indebted to Jimmy and Peter for their 40 and 29
years, respectively, of tireless dedication to our Company,” said
Muhtar Kent, Chairman and CEO, The Coca-Cola Company. “In addition
to their successful careers as leading executives, they have spent
countless hours working for our Board and on behalf of our Company
and the Coca-Cola system around the world. Jimmy served with
distinction as the Chair of our Committee on Directors and
Corporate Governance and Presiding Director. Peter chaired our
Audit Committee and provided invaluable guidance to many of our
finance leaders throughout the years. I am grateful to both of them
for their extraordinary contributions and guidance to our Board and
our Company, and to me personally.”
As announced in December, Marc Bolland, CEO of retailer Marks
& Spencer Group PLC, and David Weinberg, Chairman and CEO of
Judd Enterprises, Inc., joined the Company’s Board of Directors,
effective Feb. 18, 2015. With Robinson and Ueberroth’s retirement,
the Company’s Board of Directors will include 15 directors.
About The Coca-Cola
Company
The Coca-Cola Company (NYSE: KO) is the world's largest beverage
company, refreshing consumers with more than 500 sparkling and
still brands. Led by Coca-Cola, one of the world's most valuable
and recognizable brands, our Company's portfolio features 20
billion-dollar brands including, Diet Coke, Fanta, Sprite,
Coca-Cola Zero, vitaminwater, POWERADE, Minute Maid, Simply,
Georgia, Dasani, FUZE TEA and Del Valle. Globally, we are the No. 1
provider of sparkling beverages, ready-to-drink coffees, and juices
and juice drinks. Through the world's largest beverage distribution
system, consumers in more than 200 countries enjoy our beverages at
a rate of 1.9 billion servings a day. With an enduring commitment
to building sustainable communities, our Company is focused on
initiatives that reduce our environmental footprint, support
active, healthy living, create a safe, inclusive work environment
for our associates, and enhance the economic development of the
communities where we operate. Together with our bottling partners,
we rank among the world's top 10 private employers with more than
700,000 system associates. For more information, visit Coca-Cola
Journey at www.coca-colacompany.com, follow us on Twitter at
twitter.com/CocaColaCo, visit our blog, Coca-Cola Unbottled, at
www.coca-colablog.com or find us on LinkedIn at
www.linkedin.com/company/the-coca-cola-company.
The Coca-Cola CompanyInvestorsTim Leveridge,
+01-404-676-7563orMediaAmanda Rosseter,
+01-404-676-2683press@coca-cola.com
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