James Quincey

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James Quincey
Macri & Quincey Davos 2018 01 (cropped).jpg
Born
James Robert Quincey

(1965-01-08) 8 January 1965 (age 59) [1]
London, England, UK
Education University of Liverpool (BSc)
TitleChairman and CEO, The Coca-Cola Company
Predecessor Muhtar Kent
SpouseJacqui Quincey
Children2

James Robert B. Quincey (8 January 1965) is a British businessman based in the United States. [2] After starting his career at Bain & Co, [3] he joined The Coca-Cola Company in 1996 [4] and was later named chief operating officer (COO). He is now the chairman and chief executive officer (CEO) at the company. [5]

Contents

Early life

James Robert B. Quincey was born on 8 January 1965 [2] in London, England, UK and lived in Hanover, New Hampshire, US for three years when his father was a lecturer in biochemistry at Dartmouth College. [6] By age five, they had moved to Birmingham, England. He attended private King Edward's School, Birmingham and has a bachelor's degree in electronic engineering from the University of Liverpool. [6] He is fluent in Spanish. [3] [4] [7]

Career

Joining Coca-Cola

After working with Bain & Co and a smaller consultancy, [3] he joined Coca-Cola in 1996. [4] With Coke, he has lived in Latin America [7] and worked in Mexico, where he led the acquisition of Jugos del Valle. [4] In 2015, Quincey became the president of Coca-Cola. [8] [9] He outlined a plan to have five category clusters for brands in the company. [10] He also changed management and the entire Coke hierarchy. [11]

Chairman and CEO

Quincey in a discussion about plastic pollution. Video from World Economic Forum.

He was named CEO in December 2016. [12] [13] [14] [15] He became CEO the following May when Muhtar Kent retired. Among his first acts as CEO, he announced reducing 1,200 corporate positions as part of a plan to invest in new products and marketing and restore the year's revenue and profit growth from four to six percent. [4] Quincey also said in interviews that he wanted to rid the Coke company's culture of over-cautiousness concerning risk, [16] and that he intended to further diversify Coke's portfolio by accelerating investments in startup businesses. [17] He later launched a plan to recycle a bottle for every bottle sold by 2030. [18] On 24 April 2019, Quincey was elected chairman of the board. [19] In December 2021 Quincey announced the planned discontinuation of many of its slower selling products, such as Tab and Zico coconut water. [20]

In 2023, Quincey's total compensation from Coca-Cola was $24.7 million, or 1,799 times the median employee pay at Coca-Cola for that year. [21]

Personal life

Quincey and his wife Jacqui have two children and live in London, UK. [3] [6]

Related Research Articles

<span class="mw-page-title-main">Coca-Cola</span> Cola soft drink

Coca-Cola, or Coke, is a cola soft drink manufactured by the Coca-Cola Company. In 2013, Coke products were sold in over 200 countries and territories worldwide, with consumers drinking more than 1.8 billion company beverage servings each day. Coca-Cola ranked No. 94 in the 2024 Fortune 500 list of the largest United States corporations by revenue. Based on Interbrand's "best global brand" study of 2023, Coca-Cola was the world's sixth most valuable brand.

<span class="mw-page-title-main">Coca-Cola Vanilla</span> Vanilla-flavored cola

Coca-Cola Vanilla is a vanilla-flavored version of Coca-Cola, introduced in 2002 but subsequently discontinued in North America and the United Kingdom in 2005, though it remained available at certain fountain outlets. It was relaunched in the US in 2007, in Denmark in 2012, the UK in 2013 and Canada in 2016. Vanilla Coke has been available in Australia since its initial introduction in 2002, being produced by Coca-Cola Europacific Partners. Originally announced as a limited edition in the UK, it became permanent for several years; however, Vanilla Coke was again discontinued in the UK in Summer 2018, though Diet Vanilla Coke and Coke Vanilla Zero remain available.

<span class="mw-page-title-main">New Coke</span> 1985 reformulation of Coca-Cola

New Coke was the unofficial name of a reformulation of the soft drink Coca-Cola, introduced by the Coca-Cola Company in April 1985. It was renamed Coke II in 1990, and discontinued in July 2002.

<span class="mw-page-title-main">Dasani</span> Bottled water brand

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<span class="mw-page-title-main">The Coca-Cola Company</span> American multinational beverage corporation

The Coca-Cola Company is an American multinational corporation founded in 1892. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is listed on the New York Stock Exchange and is a component of the DJIA and the S&P 500 and S&P 100 indexes.

<span class="mw-page-title-main">SunTrust Banks</span> Former American bank

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<span class="mw-page-title-main">Bayes Business School</span> Business school in London

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<span class="mw-page-title-main">Coca-Cola Zero Sugar</span> Diet cola

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<span class="mw-page-title-main">Donald Keough</span>

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Since its invention by John Stith Pemberton in 1886, criticisms of Coca-Cola as a product, and of the business practices of The Coca-Cola Company, have been significant. The Coca-Cola Company is the largest soft drink company in the world, distributing over 500 different products. Since the early 2000s, the criticism of the use of Coca-Cola products, as well as the company itself, escalated, with criticism leveled at the company over health effects, environmental issues, animal testing, economic business practices and employee issues. The Coca-Cola Company has been faced with multiple lawsuits concerning the various criticisms.

<span class="mw-page-title-main">Coca-Cola BlāK</span> Soft drink

Coca-Cola Blak was a coffee-flavored soft drink introduced by Coca-Cola in 2006 and discontinued in 2008. The mid-calorie drink was introduced first in France and subsequently in other markets, including Czech Republic, Slovakia, and Lithuania.

<span class="mw-page-title-main">Bisleri</span> Indian bottled water company

Bisleri International is an Indian multinational company which is best known for the eponymous brand of bottled water. The company was started in the 1970s by Ramesh Chauhan, and sells bottled water and soft drinks.

<span class="mw-page-title-main">Muhtar Kent</span> Turkish-American business executive (born 1952)

Ahmet Muhtar Kent is a Turkish-American business executive. He was the chairman and chief executive officer (CEO) of The Coca-Cola Company. He became CEO in 2008, and chairman in 2009, leaving those positions in 2016 and 2019 respectively.

Coca-Cola Beverages Philippines, Inc. is a Philippine-based company engaged in the bottling and distribution of Coca-Cola products in the country. CCBPI is part of the Bottling Investment Group (BIG), The Coca-Cola Company (TCCC)-owned bottling operation intent on building a foundation for long-term success. BIG's operations are primarily focused on markets in Southeast Asia, India, and Southwest Asia, covering 14 countries with 39 plants and 16,500 employees, serving 1.8 billion consumers.

<span class="mw-page-title-main">Coca-Cola Life</span> Version of Coca-Cola

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<span class="mw-page-title-main">Share a Coke</span> Coca-Cola marketing campaign

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<span class="mw-page-title-main">Coca-Cola Europacific Partners</span> British multinational bottling company

Coca-Cola Europacific Partners plc (CCEP), formerly Coca-Cola European Partners (2016–2021); and Coca-Cola Amatil (1904-2021), is a British-American company formed as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG, and one bottling company in Asia-Pacific: Coca-Cola Amatil. The multinational bottling company involved in the marketing, production, and distribution of Coca-Cola products and other drinks such as Capri-Sun, Monster and Relentless.

<span class="mw-page-title-main">Glaceau Smartwater</span> Bottled water company

Glaceau Smartwater is a brand of bottled water owned by Energy Brands, a subsidiary of The Coca-Cola Company. Introduced in 1996 as Ice Mountain Spring Water and Glaceau Mineral Water in the United States, it became known as Smart Water in 1998. By 2016, it was one of the top five most sold brands of bottled water in that country with sales worth nearly $830 million in 2017.

Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA, is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico. It operates the largest independent Coca-Cola bottling group in the world and the largest convenience store chain in Mexico. It is also a shareholder of Heineken N.V.

References

  1. ↑ "Stocks". Bloomberg . Retrieved 16 March 2017.[ dead link ]
  2. 1 2 Shea, Kenneth (9 December 2016). "Coca-Cola COO James Quincey to Succeed Kent as CEO". Bloomberg Daybreak: Americas. Bloomberg. Archived from the original on 27 September 2023. Retrieved 28 June 2017.
  3. 1 2 3 4 Whipp, Lindsay (21 May 2017), "James Quincey, Coca-Cola CEO, on why brands have to take a stand" , Financial Times , archived from the original on 27 September 2023, retrieved 28 June 2017
  4. 1 2 3 4 5 Grantham, Russell (6 May 2017), "New CEO's challenge: Make things go better with Coke", The Seattle Times , archived from the original on 27 September 2023, retrieved 28 June 2017
  5. ↑ "Senior Leadership: James Quincey". The Coca-Cola Company. Archived from the original on 23 July 2019. Retrieved 23 July 2019.
  6. 1 2 3 Leith, Scott (13 August 2015). "A Q&A with James Quincey". The Coca-Cola Company. Archived from the original on 27 September 2019. Retrieved 16 March 2017.
  7. 1 2 Saporta, Maria (12 December 2016). "Former Coke CEO Isdell endorses James Quincey as next CEO". Atlanta Business Chronicle . Retrieved 28 June 2012.
  8. ↑ Esterl, Mike (13 December 2015). "Coke President James Quincey Works Behind the Scenes to Cut Costs, Reverse Flagging Soda Sales". The Wall Street Journal . Retrieved 28 June 2017.
  9. ↑ Esterl, Mike (13 August 2015). "Coke CEO Gets a Deputy, and Possible Successor". The Wall Street Journal . Retrieved 28 June 2017.
  10. ↑ Farrell, Paul (22 April 2017), "Bank of America Beats", Barrons , retrieved 28 June 2017
  11. ↑ Sarkari, John (4 January 2017), "Coca-Cola launches major senior mgmt shakeup", The Times of India , retrieved 28 June 2017
  12. ↑ Reid, Rakim (12 December 2016). "Coke Chooses New CEO in 2017: James Quincey". Eastern Daily News. Archived from the original on 17 February 2018. Retrieved 28 June 2017.
  13. ↑ "BRIEF-Coca-Cola says James Quincey to succeed Muhtar Kent as CEO in May 2017". Reuters . 9 December 2016.
  14. ↑ "James Quincey to Become New Coca-Cola CEO in 2017". NASDAQ.
  15. ↑ "Coke CEO Muhtar Kent hands reins to Quincey in widely expected move". Reuters . 9 December 2016.
  16. ↑ Jennifer, Maloney (9 May 2017), "Coke's New CEO James Quincey to Staff: Make Mistakes", The Wall Street Journal , retrieved 28 June 2017
  17. ↑ Whipp, Lindsay (9 May 2017), "New Coca-Cola CEO to increase start-up investments", Financial Times , retrieved 28 June 2017
  18. ↑ Jennifer Kaplan and Anna Hirtenstein (19 January 2018). "Coke Plans to Recycle a Bottle for Every One It Sells by 2030". Bloomberg LP. Retrieved 22 February 2019.
  19. ↑ "James Robert B. Quincey: Executive Profile & Biography". Bloomberg L.P. Retrieved 23 July 2019.
  20. ↑ CNN: December 13th, 2021: Business:Risk Takers, Coca Cola's James Quincey:He killed some of Coke's most beloved brands. And he'd do it all over again
  21. ↑ Anderson, Sarah (29 August 2024). "Executive Excess 2024: The "Low Wage 100" corporations are enriching CEOs at the expense of workers and long-term investment" (PDF). Institute for Policy Studies . Archived (PDF) from the original on 29 August 2024. Retrieved 31 August 2024.
Business positions
Preceded by Chair of The Coca-Cola Company
April 2019–Incumbent 		Succeeded by
Incumbent
CEO of The Coca-Cola Company
December 2016–Incumbent
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