8-KLeadership ChangesExhibits & Filings

COCA COLA CO 8-K Report, Executive Changes (Apr 25, 2014)

Filed April 25, 2014For Securities:KO

Summary

This 8-K filing by The Coca-Cola Company on April 24, 2014, primarily reports on significant executive leadership changes within its finance department. The most notable update is the election of Kathy N. Waller as the new Executive Vice President and Chief Financial Officer, succeeding Gary Fayard who is retiring. Ms. Waller has a long tenure with the company, having joined in 1987 and progressed through various senior accounting and finance roles, most recently as Vice President, Finance and Controller with expanded global responsibilities. Additionally, Larry M. Mark has been appointed as the new Vice President and Controller. Mr. Mark also has extensive experience within Coca-Cola, joining in 1991 and holding key financial positions, including CFO for the Europe Group and Coca-Cola North America. Both appointments are effective immediately, and their compensation details are consistent with the company's existing incentive plans and share ownership guidelines, with further information available in the company's 2014 Proxy Statement.

Key Highlights

  • 1Kathy N. Waller appointed Executive Vice President and Chief Financial Officer, succeeding retiring CFO Gary Fayard.
  • 2Larry M. Mark appointed Vice President and Controller.
  • 3Both appointments were made by the Board of Directors on April 24, 2014.
  • 4Ms. Waller has been with Coca-Cola since 1987, holding numerous finance and accounting positions.
  • 5Mr. Mark joined the company in 1991 and has held significant financial leadership roles in regional divisions.
  • 6Compensation for Ms. Waller and Mr. Mark aligns with existing company incentive plans and share ownership guidelines.
  • 7Details on compensation are referenced in the company's 2014 Proxy Statement filed on March 7, 2014.

Frequently Asked Questions

Kathy N. Waller has been elected as the new Executive Vice President and Chief Financial Officer, effective April 24, 2014. She succeeds Gary Fayard, who is retiring.

Ms. Waller has a long history with The Coca-Cola Company, joining in 1987. She has held a variety of senior accounting and finance roles, including Vice President and Chief of Internal Audit, and most recently Vice President, Finance and Controller with global responsibilities.

Larry M. Mark has been appointed as the new Vice President and Controller, effective April 24, 2014. He has been with the company since 1991 and has held various finance leadership positions, including CFO for the Europe Group and Coca-Cola North America.

The compensation for Ms. Waller and Mr. Mark will follow the company's established structure. They will receive new base salaries effective upon their appointments and will remain eligible for the Company’s Performance Incentive Plan and Long-Term Incentive program. They will also continue to be subject to the company's share ownership guidelines. Specific details can be found in the 2014 Proxy Statement.