ATLANTA — The Coca-Cola Co. is streamlining its business and raising the profiles of two key executives, a move that could better position them to eventually succeed chief executive Muhtar Kent.
Starting next year, the world’s largest beverage company says its business will be built around three units: Coca-Cola Americas, Coca-Cola International, and a bottling division, which will oversee the company’s bottling operations outside North America.
The new structure splits global operations about evenly; roughly half of Coca-Cola’s sales volume comes from the Americas, while the rest comes from other parts of the world.
The Atlanta-based company said Monday that Steve Cahillane, 47, will head the new Coca-Cola Americas unit, which will include Latin America.
The new Coca-Cola International unit will be headed by Ahmet Bozer, 52.
Irial Finan, 55, will continue as president of the bottling unit, Bottling Investments Group.
In a statement, Coca-Cola said it would inappropriate to speculate on CEO succession.