The Coca-Cola Co. has promoted John Murphy to president and CFO. Murphy, who most recently served as EVP and CFO, will assume his new duties on Oct. 1.
He succeeds Brian Smith, who is retiring from the president position this fall but staying on as a senior executive through February 2023. Smith joined Coca-Cola in 1997 and moved up to leading c-suite roles, including the president and COO position in 2019.
As CFO since 2019, Murphy oversees several financial functions, including merger and acquisitions, investor relations, global strategy, tax, treasury, audit, accounting and controls, reporting and analysis, real estate and risk management. His new responsibilities as president include oversight of global ventures, platform services online-to-offline digital transformation and customer and commercial leadership.
Murphy is a Coca-Cola veteran, starting with the company in 1988 as an international internal auditor. Over the years, he ascended to positions with increasing responsibility in areas of finance, planning and operations and worked abroad in Japan and Indonesia. Before becoming CFO three years ago, he was president of the company’s former Asia Pacific group.
James Quincey, Coca-Cola’s chairman and CEO, commented on the leadership changes. “Brian has made innumerable contributions to the Coca-Cola system during his 25 years with the company. I thank him for his service and, on behalf of the company, wish him all the best,” he remarked.
“John has been a vital business partner and leader at the company,” Quincey added. “As president and CFO, John’s new role will be instrumental in driving critical, enterprise-wide imperatives across the Coca-Cola system.”
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