By Colin Kellaher

Coca-Cola Co. on Thursday said Brian Smith, who has served as president and chief operating officer since 2019, plans to retire.

The Atlanta beverage giant said John Murphy, its chief financial officer, would assume the additional post of president on Oct. 1.

Mr. Murphy, 60 years old, joined Coca-Cola in 1988 and has served as chief financial officer since 2019.

Coca-Cola said Mr. Smith, 66, would remain with the company as a senior executive through February 2023. Mr. Smith joined Coca-Cola in 1997.

Coca-Cola said it is evaluating its future plans for the chief operating officer role, adding that its operating unit presidents would report to Chairman and Chief Executive James Quincey on an interim basis.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

July 21, 2022 09:00 ET (13:00 GMT)

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