The Coca-Cola Company has announced the appointment of John Murphy as president and chief financial officer (CFO), effective 1 October.
Murphy, who currently serves as executive vice president and CFO, will take on the role of president following the retirement of Brian Smith.
Smith has served as Coca-Cola’s president and chief operating officer since 2019. He will remain with the company as a senior executive until February 2023.
James Quincey, chairman and CEO of The Coca-Cola Company, said: “Brian has made innumerable contributions to the Coca-Cola system during his 25 years with the company. I thank him for his service and, on behalf of the company, wish him all the best.”
He added: “John has been a vital business partner and leader at the company. As president and CFO, John’s new role will be instrumental in driving critical, enterprise-wide imperatives across the Coca-Cola system.”
By Lauren Ford
Source: foodbev.com
General Mills has sold its US yogurt business to French dairy giant Lactalis, officially exiting the US yogurt market. The move marks a strategic pivot for the US food giant, which aims to sharpen its focus on higher-growth categories like snacks, pet food, and ice cream.
The US-based food producer entered into a restructuring support agreement with a group of lenders who hold a portion of its term loan debt. The agreement outlines a plan to run a “going-concern” sale, allowing the company to continue operations during the process.
Roelofs joined Refresco in 2007 and oversaw major expansion. The company now operates 75 manufacturing sites in 13 countries and employs over 14,000 people. During his tenure, Refresco grew from a regional player to a global leader in beverage solutions.
