The Board of Directors of The Coca-Cola Company today announced legendary businessmen Donald R. Keough and James B. Williams will not stand for re-election to the Board at the Company’s Annual Meeting of Shareowners in April. The leaders retire after decades of distinguished service to The Coca-Cola Company.
James B. Williams, 79, is a respected banking executive who has served as a Director of The Coca-Cola Company since 1979 and as Chairman of the Board’s Finance Committee since 1985. He is the former Chairman and Chief Executive Officer of SunTrust Banks, Inc., a position he held from 1991 to 1998. He also served as Chairman of the Executive Committee of SunTrust Banks, Inc. from 1998 to 2004.Williams’ role as Director with Coca-Cola has been a natural connection between the Company and the financial institution that financed the sale of the Company in 1919 and safeguarded the secret formula for Coca-Cola in an Atlanta vault for more than 80 years. Williams graduated from Emory College in 1955, joined Trust Company Bank, and quickly rose through the ranks to become President. In 1979, he was asked by Robert Woodruff, legendary leader of The Coca-Cola Company, to become a member of the Board of Directors and to chair Emory University's capital campaign. He is credited with contributing to Emory medical school's dramatic rise to one of the nation's top 20 research-oriented medical schools. In addition to Coca-Cola, Williams serves as a Director of Marine Products Corporation, Rollins, Inc., and RPC, Inc. He has also served on the Boards of Georgia Pacific, Genuine Parts and Sonat, Inc. “It’s hard to imagine Coca-Cola without Don and Jimmy,” said Muhtar Kent, Chairman and CEO, The Coca-Cola Company. “We are grateful to both of them for the immeasurable leadership they’ve brought to our Company for decades. Many of our current Coca-Cola leaders learned this business under Don, and I have personally benefited from his guidance, mentorship and friendship for more than 30 years. Likewise, Jimmy has been a great advisor to me and the Board, and we have all gained from his clear direction and wise counsel.”
About The Coca-Cola CompanyThe 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, the world's most valuable brand, our Company's portfolio features 16 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia 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 more than 1.8 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 or check out our blog, Coca-Cola Unbottled, at www.coca-colablog.com.