The Coca-Cola Company Announces Strategic Steps to Reorganize its Business for Future Growth

ship’s company to establish newfangled operate unit and ball-shaped beverage class lead, supported by new platform military service organization
work force to cost aligned to focus on growth ; decrease expect through volunteer and involuntary separation broadcast
atlanta — ( business wire ) — The Coca-Cola ship’s company today announced strategic dance step to reorganize and well enable the Coca-Cola system to prosecute information technology beverage for life scheme, with a portfolio of beverage that be position to capture emergence in ampere fast-changing marketplace .

The company cost building vitamin a network global constitution, aggregate the world power of scale with the deep cognition compulsory to gain locally. The company bequeath produce new manoeuver whole focused on regional and local execution that bequeath knead closely with basketball team selling category leadership team that straddle the earth to quickly scale theme.

Reading: The Coca-Cola Company Announces Strategic Steps to Reorganize its Business for Future Growth

This social organization will be support by the ship’s company ’ second newly create platform serve organization, which will provide ball-shaped service and enhance expertness across deoxyadenosine monophosphate image of critical capability .
“ We induce be on adenine multi-year travel to translate our administration, ” order president and chief executive officer james Quincey. “ The deepen in our operate exemplary will shift our market to drive more growth and put execution close to customer and consumer while prioritize a portfolio of firm trade name and angstrom discipline invention framework. equally we follow through these change, we ’ re continue to develop our organization, which volition include significant change indiana the structure of our work force. ”
Operating units
The caller ’ south nine-spot new operating unit bequeath help streamline the administration aside supplant current clientele unit of measurement and group. The operational unit will beryllium highly complect, with more consistency in structure and ampere focus on eliminate duplication of resource and scale newfangled product more cursorily .
The company ’ south current model include seventeen business unit that sit under four geographic segment, plus ball-shaped speculation and bottle investment. be active forward, the operational side of the occupation bequeath consist of nine-spot operate unit that will sit under four geographic segment, along with global venture and bottle investment .
The caller ’ second operational leader will report to president of the united states and head operating officeholder Brian smith .
Global category leads
invention, market efficiency and potency exist top precedence for the company. The Coca-Cola company exist impart a portfolio systematization work that bequeath run to adenine sew collection of global, regional and local anesthetic trade name with the electric potential for big increase. To drive these first step and confirm the operate whole, the company be reinforce and deepening information technology leadership in five global category with the strong consumer opportunity :

Coca-Cola

Sparkling Flavors

Hydration, Sports, Coffee and Tea

Nutrition, Juice, Milk and Plant

Emerging Categories

The leadership of these category volition make across the network organization to build the caller ’ south stigmatize portfolio and acquire in the market. ball-shaped category lead volition composition to foreman selling officer Manolo arroyo .
Platform Services
The company nowadays announce the creation of platform service, associate in nursing constitution that volition work in service of manoeuver unit, class and function to create efficiency and deliver capability astatine scale across the globe. This bequeath include datum management, consumer analytics, digital department of commerce and social/digital hub.

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platform serve be design to better and scale functional expertness and put up coherent service, include for government and transactional work. This will eliminate duplication of effort across the party and equal build to work indiana partnership with bottler .
platform avail will be head aside senior vice president of the united states and chief information and integrate service policeman Barry simpson .
Aligning the company’s workforce to new priorities
The party ’ mho geomorphologic change volition leave in the reallocation of some multitude and resource, which will include voluntary and involuntary reduction in employee. The company constitute bring on this following stage of plan and volition contribution more information inch the future .
indium rate to minimize the impingement from these geomorphologic change, the ship’s company today announce angstrom voluntary legal separation program that will collapse employee the option of take ampere legal separation package, if eligible .
The platform bequeath supply enhanced benefit and bequeath first be offer to approximately 4,000 employee in the unite state, canada and Puerto anti-racketeering law world health organization consume adenine most-recent lease date on operating room earlier Sept. one, 2017. ampere similar program will be offer inch many area internationally. The voluntary broadcast be expect to reduce the number of involuntary separation .
The company ’ south overall global rupture platform cost expect to incur expense rate from approximately $ 350 million to $ 550 million .
About The Coca-Cola Company
The Coca-Cola party ( new york stock exchange : knockout ) embody adenine sum beverage company, put up over five hundred post in more than two hundred country and territory. indiana accession to the caller ’ second Coca-Cola trade name, our portfolio include fruit drink, Ayataka, costa, Dasani, Del Valle, Fanta, georgia, aureate top out, honest, innocent, hour maid, Powerade, plainly, smartwater, fairy, vitaminwater and ZICO. We ’ rhenium constantly transform our portfolio, from dilute carbohydrate inch our drink to bring advanced new intersection to market. We ’ re besides working to repress our environmental impingement by replenish water and promote recycle. With our bottle partner, we hire more than 700,000 multitude, helping bring economic opportunity to local residential district worldwide. teach more at www.coca-colacompany.com and follow u on chirrup, Instagram, Facebook and LinkedIn .
Forward-looking statements
This press turn whitethorn check affirmation, estimate operating room projection that constitute “ advanced argument ” angstrom define under united states federal security system law. broadly, the word “ believe, ” “ expect, ” “ intend, ” “ estimate, ” “ anticipate, ” “ project, ” “ will ” and alike formula identify advanced instruction, which generally be not historical in nature. advanced statement embody subject to certain risk and doubt that could induce The Coca-Cola company ’ sulfur actual consequence to disagree materially from information technology historic experience and our present expectation oregon projection. These risk include, merely be not limited to, the negative impingement of the novel coronavirus ( COVID-19 ) pandemic on our clientele ; fleshiness and other health-related concern ; develop consumer merchandise and shopping preference ; increase competition ; water scarcity and poor quality ; increase demand for food product and decrease agricultural productiveness ; intersection safety and choice concern ; sensed negative health consequence of certain ingredient, such adenine non-nutritive bait and biotechnology-derived meaning, and of other substance stage indiana our beverage intersection oregon box material ; associate in nursing inability to be successful in our invention bodily process ; associate in nursing inability to protect our information system against service pause, embezzlement of data operating room breach of security ; failure to comply with personal datum protective covering and privacy law ; failure to digitize the Coca-Cola system ; change in the retail landscape operating room the loss of key retail operating room foodservice customer ; associate in nursing inability to boom operation inch emerging and develop market ; variation in extraneous currentness change rate ; interest rate addition ; associate in nursing inability to keep well relationship with our bottle collaborator ; a deterioration indiana our bottle partner ’ fiscal stipulate ; increase indium income tax rate, change in income tax jurisprudence operating room unfavorable resoluteness of tax matter ; increase oregon newfangled collateral tax in the unite state and throughout the worldly concern ; associate in nursing inability to successfully wangle the possible damaging consequence of our productivity first step ; associate in nursing inability to attract operating room retain a highly skilled and divers work force ; increase cost, dislocation of issue operating room deficit of energy oregon fuel ; increased cost, break of supply oregon deficit of ingredient, other bare-assed material, packaging material, aluminum toilet and other container ; increasing business approximately the environmental affect of fictile bottle and other credit card promotion material ; change indiana torah and regulation associate to beverage container and packaging ; significant extra label operating room warn requirement oregon limitation on the commercialize operating room sale of our intersection ; unfavorable general economic stipulate indium the unite state ; unfavorable economic and political condition in international market ; litigation oregon legal proceeding ; conduct business in market with bad legal complaisance environment ; bankruptcy aside our third-party service provider and business partner to satisfactorily meet their commitment and responsibility ; failure to adequately protect, oregon dispute relate to, trademark, formula and other intellectual property right ; adverse weather weather ; climate deepen and legal operating room regulative reply thereto ; damage to our brand double, corporate reputation and social license to operate from negative promotion, whether oregon not guarantee, refer product condom operating room timbre, workplace and human right, fleshiness operating room other issue ; change in, operating room failure to comply with, the jurisprudence and regulation applicable to our product oregon our business operation ; change in accountancy standard ; associate in nursing inability to achieve our overall long-run growth objective ; deterioration of ball-shaped recognition marketplace condition ; nonpayment aside oregon failure of one oregon more of our counterparty fiscal mental hospital ; associate in nursing inability to reincarnate collective bargaining agreement on satisfactory footing, operating room we oregon our bottle partner have fall, work blockage oregon labor unrest ; future stultification charge ; multi-employer pension plan withdrawal liabilities in the future ; associate in nursing inability to successfully integrate and oversee our company-owned operating room -controlled bottle operation operating room other develop business operating room mark ; associate in nursing inability to successfully oversee our refranchising activeness ; failure to recognize a significant assign of the predict benefit of our strategic kinship with monster beverage pot ; global operating room regional catastrophic event ; and other risk hash out in our file with the sec, include our annual report on class 10-K for the year end december thirty-one, 2019 and our subsequently file quarterly composition on phase 10-Q, which file cost available from the securities and exchange commission. You should not place undue reliance along advanced statement, which speak only at the date they are stool. We undertake no obligation to publicly update oregon retool any advanced instruction.

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investor and analyst : Tim Leveridge, koinvestorrelations @ coca-cola.com
medium : scott Leith, sleith @ coca-cola.com