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Yahoo
an hour ago
- Yahoo
The Coca-Cola Company Names New Leader for Europe Operating Unit
ATLANTA, July 18, 2025--(BUSINESS WIRE)--The Coca-Cola Company today announced that Luisa Ortega will become president of the Europe operating unit effective Sept. 1, succeeding Nikos Koumettis, who will retire in 2026 after a 25-year career with the company. Koumettis will remain with the company through Feb. 28, 2026, as a senior advisor. He will also serve on the board of directors of Hindustan Coca-Cola Beverages Pvt. Ltd., a company-owned bottler in India. Ortega joined Coca-Cola in 2019 and currently serves as president of the Africa operating unit. In this role, she leads a complex business that operates across 54 markets. Koumettis has led the Europe operating unit since it was created in 2021. "Luisa has done an outstanding job leading our African business, where our system has continued to make major investments to serve growing markets on the continent," said Henrique Braun, Executive Vice President and Chief Operating Officer of The Coca-Cola Company. "As head of Europe, she will bring great international experience to one of our biggest and most important operating units." The company thanked Koumettis for his many contributions. "Nikos has been a valued colleague for many years, and he has played a vital role in strengthening our European business," Braun said. "The operating unit was honored as the company's top performer for 2023, which is a testament to the strong work of Nikos and his team." Ortega will continue to report to Braun in her new role. Ortega's successor in Africa will be named at a future date. About Nikos Koumettis Koumettis, 60, joined Coca‑Cola in 2001. Over his career, he has led operations in more than 100 countries, with a consistent focus on delivering strong business results and developing talent. His early roles with the company included business unit president for Canada; president of the Adriatic and Balkans business unit; and Southeast Mediterranean Region general manager, with responsibility for Greece and Cyprus. He played a leadership role in several innovations, including the 2002 launch of the Sprite Zero brand, which originated in Greece. Koumettis served as president of the Central and Southern Europe business unit from 2011 to 2016. From 2016 to 2018, he was president of the company's Central and Eastern Europe business unit. In 2016, he founded and led the company's Global Franchise Leadership Council to help develop global general management and franchise capabilities. In 2019, Koumettis became group president for Europe, Middle East and Africa, overseeing six business units spanning from Western Europe to Russia to Southern Africa. He became president of the Europe operating unit in 2021 when the company's current operating model was established. Koumettis is a strong advocate of purpose-driven business and, in 2019, was one of the key leaders in the launch of the company's purpose statement: to refresh the world and make a difference. Throughout his career, Koumettis led operations that qualified for the company's top internal honors, including the prestigious Woodruff Cup, which Europe won for 2023. Prior to Coca‑Cola, Koumettis served in marketing roles with Kraft Jacobs Suchard; sales and distribution roles with Elgeka, a large Greek distribution company; and in commercial and logistics functions for Papastratos S.A./Philip Morris, the biggest tobacco company in Greece. After the transition in September, Koumettis will continue to co-lead the Global Franchise Leadership Council. About Luisa Ortega Ortega, 55, joined Coca‑Cola in 2019 as vice president and general manager of the South Latin business unit. She was later named deputy president and then president of South Latin. In 2021, she became president of the newly created central zone of the Latin America operating unit. She began her duties as president of the Africa operating unit in 2023. Prior to Coca‑Cola, Ortega worked at SC Johnson for more than 14 years in various roles in Europe, the United States and Asia Pacific. She served as general manager for the Western Europe region and, prior to that, was the global head of Insecticides Business. She also worked at Endesa, a utility corporation that serves mainly Spain and Portugal. Ortega, a native of Spain, has a bachelor's degree in business administration from Universidad Pontificia Comillas and an MBA from the IESE Business School, both in Spain, along with participating in the Advanced Management Program at Harvard Business School. About The Coca-Cola Company The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company's purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite and Fanta. Our water, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Fuze Tea, Gold Peak and Ayataka. Our juice, value-added dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. We're constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people's lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at and follow us on Instagram, Facebook and LinkedIn. View source version on Contacts Investors and Analysts: Robin Halpern, koinvestorrelations@ Media: Scott Leith, sleith@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News24
an hour ago
- News24
Fierce critic of Cameroon president to stand in election
A fierce critic of Cameroon's long-running President Paul Biya has officially submitted his candidacy for October's presidential vote, according to a list published on Friday by election authorities. Maurice Kamto, 71, who came second to Biya in the 2018 presidential election, will stand for the African Movement for New Independence and Democracy (MANIDEM), the party's leader, Anicet Ekane, confirmed to a local television station. In 2018, Kamto stood for the Cameroon Renaissance Movement (MRC), but Ekane said that he would 'resign from the MRC to join MANIDEM', a party founded in the 1990s and rooted in Pan-Africanism. The 92-year-old Biya is seeking an eighth term in office and has been in power since 1982. So far, 19 candidates have signed up to stand in the 12 October election, including former prime minister Bello Bouba Maigari, an ally of Biya's for nearly 30 years, and Issa Tchiroma Bakary, who resigned as employment minister in early June to submit his candidacy. The definitive list of candidates will be announced in early August.
Bloomberg
an hour ago
- Bloomberg
Good To See Bipartisan Support For Crypto: Rettig
Jito Labs Chief Legal Officer Rebecca Rettig discusses the stablecoin bill passing. In an interview with Scarlet Fu on 'Bloomberg Markets,' she says it was good to see bipartisan support and doesn't see a need for a central bank currency. (Source: Bloomberg)
