Coca-Cola, the world's largest beverage company, said Kathy N. Waller would assume the position of EVP and CFO, effective immediately, replacing Gary Fayard who is retiring after 20 years with the company.
Waller most recently held the position of vice president, finance and controller at Coca-Cola and has been with the company since 1987 in various financial roles. Waller will also lead the company's Women's Leadership Council and help expand its Women in Leadership Global Program.
Additionally, the board elected Larry M. Mark, Mark Randazza, Dr. Wamwari Waichungo, Ronald J. Lewis and Jos Wellekens as vice presidents, effective immediately. All had been promoted internally.
TheStreet Ratings team rates COCA-COLA CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate COCA-COLA CO (KO) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."