Brian Smith to Retire as President and Chief
The Coca-Cola Company today announced that John Murphy will
become president and chief financial officer effective Oct. 1.
Murphy, who currently serves as executive vice president and CFO,
will add the president role following the retirement of Brian
Smith, 66, has served as president and chief operating officer
since 2019. He will remain with the company as a senior executive
through February 2023.
“Brian has made innumerable contributions to the Coca-Cola
system during his 25 years with the company,” said James Quincey,
Chairman and CEO of The Coca-Cola Company. “I thank him for his
service and, on behalf of the company, wish him all the best.”
Murphy, 60, has served as CFO since 2019. He oversees Mergers
& Acquisitions, Investor Relations, Global Strategy, Tax,
Treasury, Audit, Accounting and Controls, Reporting and Analysis,
Real Estate and Risk Management. As president and CFO, he will take
on expanded duties, including oversight of Global Ventures;
Platform Services; online-to-offline (O2O) digital transformation;
and customer and commercial leadership.
“John has been a vital business partner and leader at the
company,” Quincey said. “As president and CFO, John’s new role will
be instrumental in driving critical, enterprise-wide imperatives
across the Coca-Cola system.”
About Brian Smith
Smith became president and COO in 2019 following two years as
president of the company’s former Europe, Middle East and Africa
Group. He had responsibility for operations of six business units
spanning from Western Europe to Russia to Southern Africa.
Prior to that role, Smith was group president of Latin America
from 2013 to 2016. His key areas of focus included the development
and effective deployment of talent, along with building Coca‑Cola
leadership in still beverage categories via new, aligned system
business models and bolt-on acquisitions in juices, teas and
Smith joined Coca‑Cola in 1997 as Latin America group manager
for mergers and acquisitions. He was responsible for bottler and
brand transactions and helped formulate and execute system
From 2001 to 2002, he worked as executive assistant to the
company’s chief operating officer and vice chairman. From 2002 to
2008, he was president of the Brazil division and, from 2008 to
2012, served as president for the Mexico division.
The company is evaluating its future plans for the chief
operating officer role. The company’s operating unit presidents
will report to Quincey on an interim basis.
About John Murphy
As CFO, Murphy is responsible for leading the company’s global
finance organization and representing the company with multiple
stakeholders, including investors, lenders and rating agencies.
From 2016 to 2018, Murphy served as president of the company’s
former Asia Pacific group. He was also responsible for the
company’s Bottling Investments Group, primarily focused on key
markets in Southeast and Southwest Asia.
From 2013 to 2016, Murphy served as president, South Latin
business unit, where he was responsible for operations in
Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay. From 2008 to
2012, he was president, Latin Center business unit, responsible for
operations in 31 countries in Central America, the Caribbean and
the Andean Region.
He began his career at Coca-Cola in 1988 as an international
internal auditor and, in 1991, moved to Coca-Cola Japan as
executive assistant to the CFO. He went on to serve in expanded
responsibilities in various finance, planning and operations roles
at Coca-Cola Japan and subsequently worked for the Coca-Cola
bottling partner in Singapore, F&N Coca-Cola Ltd.
In 1996, Murphy returned to Coca-Cola as region manager in
Indonesia. In 2000, he served as vice president of Business Systems
in Coca-Cola North America before returning to Coca-Cola Japan as
executive vice president and CFO. In 2004, he was promoted to
deputy president of Coca-Cola Japan before returning to Atlanta in
2005 as vice president of strategic planning for Coca-Cola, a
position he held until he became president of the Latin Center
business unit in 2008.
Before joining Coca-Cola, Murphy worked for four years as an
auditor for Price Waterhouse in Dublin.
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 hydration, sports, coffee
and tea brands include Dasani, smartwater, vitaminwater, Topo
Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak and Ayataka.
Our nutrition, juice, 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 www.coca-colacompany.com and
follow us on Twitter, Instagram, Facebook and LinkedIn.
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