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Coca-Cola CEO Quincey Expects Robust Growth – Beginning Next Year

May 7, 2017: 12:00 AM EST
New Coca-Cola CEO James Quincey, who succeeds Muhtar Kent, says focus is on “next stage of growth," to be financed in part by cutting 1,200 jobs, saving $800 million. Problems plaguing company have included strong dollar (dampened profit), meager investment in “sparkling” brands, and need to shed bottlers to strengthen lineup of partners. Quincey doesn’t expect profit to rise this year, so focus is on 2018, 2019, and beyond.
Russell Grantham, "Coke’s new CEO: ‘The next stage has to be about growth’ ", The Atlanta Journal-Constitution, May 07, 2017, © Cox Media Group
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