Coca-Cola Bottling Co. Consolidated Announces Management Changes, Effective on December 31, 2018
August 23, 2018 at 08:30 am EDT
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Coca-Cola Bottling Co. Consolidated announced that its Board of Directors unanimously approved the recommendation of Chairman and Chief Executive Officer J. Frank Harrison, III to appoint David M. (Dave) Katz as President and Chief Operating Officer and Henry W. (Hank) Flint as a Vice Chairman of the Board, effective December 31, 2018. The Board also approved the appointment of Mr. Katz to the Board and to succeed Mr. Flint on the Executive Committee of the Board. These changes are also effective as of December 31, 2018. Following Mr. Katz’s succession to the position of President and Chief Operating Officer, Mr. Flint will remain a member of the Board and an officer of the company. Mr. Katz joined the Company in 2013 as Senior Vice President and Assistant to the Chairman and CEO. Over the past five years, he has served in various capacities before being appointed as Chief Financial Officer in January of 2018. Prior to joining the Company, Mr. Katz worked with Coca-Cola Enterprises Inc. from 1993 to 2010 in various positions with increasing responsibilities. From 2011 to 2013, he was the Senior Vice-President, Midwest Region within the newly-created Coca-Cola Refreshments. Mr. Katz holds Bachelor’s and Master’s degrees in Industrial Engineering from the Georgia Institute of Technology. Mr. Flint joined the Company in 2004 as Executive Vice President and has served on the Board since April 2007. Mr. Flint served as Vice Chairman of the Board from 2007 to 2012 and as President and Chief Operating Officer since August of 2012.
Coca-Cola Consolidated, Inc. distributes, markets and manufactures nonalcoholic beverages, primarily products of The Coca-Cola Company. The Company also distributes products for several other beverage companies, including Keurig Dr Pepper Inc. and Monster Energy Company. The Company offers a range of nonalcoholic beverage products and flavors, including both sparkling and still beverages. Sparkling beverages are carbonated beverages, and the Company's principal sparkling beverage is Coca-Cola. Its beverages include energy products and noncarbonated beverages such as bottled water, ready to drink tea, ready to drink coffee, enhanced water, juices and sports drinks. The Company's products are sold and distributed in the United States through various channels, which include selling directly to customers, including grocery stores, mass merchandise stores, club stores, convenience stores and drug stores, selling to on-premise locations, where products are typically consumed immediately.