The Coca-Cola Company has announced that its chief growth officer Francisco Crespo will retire next year.
Crespo, 54, joined the drinks giant in 1989 in Ecuador and worked his way up to become the president of Coca-Cola's South Latin business unit.
He was responsible for managing the company's operations in Argentina, Bolivia, Chile, Paraguay, Peru, and Uruguay.
Later, he was named the president of the company’s Mexico business unit.
In May of 2017, he was appointed as the chief growth officer of the company, responsible for integrated global marketing, corporate strategy, and customer and commercial operations.
“Over the past several years, we’ve worked hard to create headroom for our brands to grow. We created the frameworks and disciplines to capture it, and our results demonstrate our progress,” Crespo said.
“I feel confident that this great company that I love is set for sustained and long-term growth."
'An Important Legacy'
"Francisco has played a critical role in the success of our company in recent years, especially in helping develop a growth strategy that has become thoroughly embedded in our operations and our culture," said James Quincey, Chairman and CEO of the Coca-Cola Company.
"He leaves an important legacy of helping make us more focused on fast-changing consumer needs at a critical time."
Crespo will remain with the company through June 30, 2020, serving as a senior strategic advisor.
He will continue to report to Quincey, the group said.
Senior Vice-President To Retire
Elsewhere, senior vice-president and general counsel of the Coca-Cola Company, Bernhard Goepelt will retire in February 2020.
Goepelt joined the company in 1992, and held the position of the company's general counsel for the past eight years.
© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition.