Board of Directors of The Coca-Cola Company Announces 58th Consecutive Annual Dividend Increase
20 Februar 2020 - 9:00PM
Business Wire
Board Elects Kathy Loveless as Vice President
and Controller
The Board of Directors of The Coca-Cola Company today approved
the company’s 58th consecutive annual dividend increase, raising
the quarterly dividend 2.5 percent from 40 cents to 41 cents per
common share.
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Kathy Loveless elected vice president and
controller at The Coca-Cola Company (Photo: Business Wire)
The quarterly dividend is equivalent to an annual dividend of
$1.64 per share, up from $1.60 per share in 2019. The first quarter
dividend is payable April 1, 2020, to shareowners of record as of
March 16, 2020.
The company returned $6.8 billion in dividends to shareowners in
2019, bringing the total amount given back to shareowners through
dividends since Jan. 1, 2010, to $54.9 billion.
Officer election
The board also elected Kathy Loveless as vice president and
controller, effective March 1. Most recently, Loveless has served
as chief of staff to Executive Vice President and Chief Financial
Officer John Murphy.
Loveless joined the Coca-Cola system in 1988 as a treasury
accountant. She later moved to the controller’s group and assumed
various roles of increasing responsibility. After leading the
company’s Global Capital Management team, she spent eight years as
the primary finance lead for various operations in Europe and
Asia.
Loveless returned to the United States in 2004 to lead Global
Planning. In 2007, she became vice president of finance for
Coca-Cola Limited in Canada, followed by a role as vice president
and CFO of Coca-Cola Refreshments Canada.
Loveless moved back to the United States in 2013. She held
various roles, including support for the company’s refranchising of
North American bottling operations and finance lead for the
Venturing & Emerging Brands unit of Coca-Cola North
America.
Loveless is a graduate of the University of Alabama and received
her MBA from Georgia State University.
Loveless succeeds Larry M. Mark, who will become vice president,
global finance operations, providing financial and analytical
support to President and Chief Operating Officer Brian Smith. Mark
will continue to report to Murphy.
Mark, who joined Coca-Cola in 1991, has served as the company’s
controller for nearly six years. Mark’s career includes previous
roles as CFO for Coca-Cola North America; CFO for Coca-Cola Europe;
and vice president of finance for North America’s Foodservice and
Hospitality Division. He was also the company’s director of
Investor Relations.
About The Coca-Cola
Company
The Coca-Cola Company (NYSE: KO) is a total beverage company,
offering over 500 brands in more than 200 countries and
territories. In addition to the company’s Coca-Cola brand, our
portfolio includes AdeS, Ayataka, Costa, Dasani, Del Valle, Fanta,
Georgia, Gold Peak, Honest, innocent, Minute Maid, Powerade,
Simply, smartwater, Sprite, vitaminwater and ZICO. We’re constantly
transforming our portfolio, from reducing sugar in our drinks to
bringing innovative new products to market. We’re also working to
reduce our environmental impact by replenishing water and promoting
recycling. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200220005208/en/
Investors and Analysts: Tim
Leveridge, koinvestorrelations@coca-cola.com Media: Scott Leith, sleith@coca-cola.com
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