Coca-Cola Slims Down Operating Structure

Beverage giant Coca-Cola (KO: 80.73, +0.72, +0.90%) unveiled a revamp of its operating structure on Monday, slimming down to just three major businesses segments. The world's largest beverage company also appointed a trio of rising stars to lead the new divisions: Coca-Cola International, which covers its European, Pacific, Eurasian and African operations; Coca-Cola Americas, consisting of its North American and Latin American businesses; and Bottling Investment Groups, which will house its non-North American bottling operations. “We have a solid foundation and momentum in our business. Now is the time to take the next step in our evolution,” CEO Muhtar Kent said in a statement. Kent said consolidating Coca-Cola's global operations under just two large regions will “streamline reporting lines, intensify our focus on key markets and create a structure that leverages synergies and gives us flexibility to strategically adjust our business.” Continue reading this story

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