Updated from 4:27 p.m. EDT


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named Sandy Douglas president of Coca-Cola North America.

Douglas, who had been Coke's chief customer officer, replaces Donald R. Knauss, who has taken a CEO job with another company, which late Wednesday was rumored to be


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"Today's announcement clearly demonstrates the progress we have made to strengthen the Company's management team and establish clear succession plans for our key management positions," said CEO Neville Isdell. "Our talented management team remains aligned with our Manifesto for Growth."