On the Street: Cahillane to Lead Coca-Cola Refreshments
April 20/Atlanta/Business Wire -- The Coca-Cola Company announced its intention to name Steve Cahillane, currently president of the North American Business Unit for Coca-Cola Enterprises (CCE), as president and chief executive officer of Coca-Cola Refreshments Inc. (CCR), once the company's acquisition of CCE North America has been successfully completed. The Coca-Cola Company and CCE recently announced that they entered into definitive agreements enabling the company to acquire CCE's North American bottling business, and for CCE to acquire the company's bottling operations in Norway and Sweden. Additionally, CCE will have the right to acquire The Coca-Cola Company's majority interest in its German bottler.
Cahillane will lead Coca-Cola Refreshments Inc., which will integrate four business components into a bottling and customer service operation in both the U.S. and Canada. The four components are: (1) CCE North America; (2) CCNA Foodservice; (3) the Minute-Maid/Odwalla Juice business; and (4) CCNA Supply Chain Operations.