The Coca-Cola Company named Kathy N. Waller, 55, to succeed Fayard in the role of Chief Financial Officer. She will be elected CFO at the Company’s April Board Meeting. As CFO, she will report directly to Muhtar Kent.
Waller, a highly respected global leader of the Finance Division, currently serves as Vice President, Finance and Controller. She joined the Company in 1987 as a senior accountant in the Accounting Research Department and soon became principal accountant for the Northeast Europe/Africa Group, followed by Marketing Controller for the McDonald's Group. Since then, she has taken on a number of roles of increasing responsibility, including financial services manager for The Minute Maid Company and Corporate Director of Financial Reporting. In 2004, Waller was named Vice President and Chief of Internal Audit, managing worldwide internal audit processes, with key responsibilities for the Company's compliance with Sarbanes-Oxley requirements and corporate governance matters.
In 2009, Waller was named Vice President and Controller, a role that was expanded in 2013 to Vice President, Finance and Controller, adding global accountability for Corporate Treasury, Corporate Tax and Finance Capabilities.
“Kathy brings more than 25 years of experience with the Company and a passion for leading teams and developing talent. Since 2009, she has led the Controller’s Group in an increasingly complex regulatory environment while also improving our internal management reporting and analytics,” said Fayard. “Kathy’s expertise and deep experience with the Company make her a perfect fit for this key leadership role and the expansion of her responsibilities over the past year will allow for a seamless transition.”In addition to her role in Finance, Kathy also leads The Coca-Cola Company’s Women’s Leadership Council and helped develop its highly successful Women in Leadership global program. Kathy also serves on the advisory board of Catalyst, the leading nonprofit organization with a mission to expand opportunities for women and business.