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Muhtar Kent

Coca-Cola CEO Muhtar Kent to step down next year

Coca-Cola CEO Muhtar Kent to step down next year

Coca-Cola CEO Muhtar Kent will step down from that role next year and be succeeded by the company's No. 2 executive, Chief Operating Officer James Quincey, the company announced Friday.

Quincey will take over the world's largest beverage maker at a time when more people are drinking less sugary soda, including its flagship Coke.

Quincey, who's worked at the beverage maker for about two decades, has led the company's drive to cut down sugar in its drinks and said Friday that he'll continue to do that as CEO. He also said he'll push for more low-calorie beverages and to sell more soda in smaller cans and bottles.

The Atlanta-based company has been diversifying its drinks...

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