James Quincey

James Quincey
Born (1965-01-08) 8 January 1965[1]
London, England
Nationality British
Education King Edward's School, Birmingham
Alma mater University of Liverpool
Occupation President and CEO, The Coca-Cola Company
Spouse(s) Jacqui Quincey
Children 2

James Robert B. Quincey (8 January 1965) is a British businessman 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 currently the president and CEO of Coca-Cola.[2][5]

Early life

James Robert B. Quincey was born on 8 January 1965[2] in London, England, and lived in Hanover, New Hampshire 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 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 Coke

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 for Coke in Mexico, where he led the acquisition of Jugos de Valle.[4] He was president from 2008 until 2012 of the Northwest Europe & Nordics Business Unit. In 2013, he became president of Coca-Cola’s Europe Group.[8] In Europe, he oversaw Coca Cola’s acquisition of Innocent Drinks, and also the sale and consolidation of Coca-Cola’s bottling operations in Europe.[3] When he was working with Coke early on, Bloomberg says he was instrumental in getting the company to sell smaller portions.[9]

COO and president

In August 2015, Coke made him the chief operating officer, or COO.[10][8] He then became president later that year.[11] He outlined a plan to have five category clusters for brands in the company.[12] He also changed management and the entire Coke hierarchy.[13]

CEO

He was named the new Coke CEO in December 2016.[14][15][16][17] He became Coke CEO the following May when Kent retired. Among his first acts as CEO, he announced 1,200 job cuts in corporate positions, to increase profits.[4]

It was on May 9, 2017 that the Financial Times wrote that Quincey was going to accelerate Coke’s investments in start up businesses, in order to diversify.[18] Also that day, the Wall Street Journal said that Quincey wanted to change the culture of the Coke company, to get rid of over-cautiousness concerning risk.[19]

Personal life

Quincey and his wife Jacqui have two children.[6] He is based in Atlanta, Georgia.[3]

References

  1. ↑ "Stocks". Bloomberg. Retrieved 2017-03-16.
  2. 1 2 3 Shea, Kenneth (December 9, 2016). "Coca-Cola COO James Quincey to Succeed Kent as CEO". Bloomberg. Retrieved June 28, 2017.
  3. 1 2 3 4 5 Whipp, Lindsay (May 21, 2017), James Quincey, Coca-Cola CEO, on why brands have to take a stand, The Financial Times, retrieved June 28, 2017
  4. 1 2 3 4 5 Grantham, Russell (May 6, 2017), New CEO’s challenge: Make things go better with Coke, The Seattle Times, retrieved June 28, 2017
  5. ↑ Kaplan, Jennifer (December 9, 2016). "Coca-Cola Promotes James Quincey to CEO". Bloomberg. Retrieved June 28, 2017.
  6. 1 2 3 Leith, Scott (2015-08-13). "A Q&A with James Quincey". The Coca-Cola Company. Retrieved 2017-03-16.
  7. 1 2 Saporta, Maria (December 12, 2016). "Former Coke CEO Isdell endorses James Quincey as next CEO". Atlanta Business Chronicle. Retrieved June 28, 2012.
  8. 1 2 Saporta, Maria (August 13, 2015). "Coca-Cola names James Quincey COO, stops short of saying he will succeed Kent as CEO". Atlanta Business Chronicle. Retrieved June 28, 2017.
  9. ↑ Berr, Jonathan (December 12, 2016). "Welcome to Coca-Cola's hot seat, Mr. Quincey". CBS News. Retrieved June 28, 2017.
  10. ↑ Esterl, Mike (August 13, 2015). "Coke CEO Gets a Deputy, and Possible Successor". The Wall Street Journal. Retrieved June 28, 2017.
  11. ↑ Esterl, Mike (December 13, 2015). "Coke President James Quincey Works Behind the Scenes to Cut Costs, Reverse Flagging Soda Sales". Wall Street Journal. Retrieved June 28, 2017.
  12. ↑ Farrell, Paul (April 22, 2017), Bank of America Beats, Barrons, retrieved June 28, 2017
  13. ↑ Sarkari, John (January 4, 2017), Coca-Cola launches major senior mgmt shakeup, Times of India, retrieved June 28, 2017
  14. ↑ Reid, Rakim (December 12, 2016). "Coke Chooses New CEO in 2017: James Quincey". Eastern Daily News. Retrieved June 28, 2017.
  15. ↑ "BRIEF-Coca-Cola says James Quincey to succeed Muhtar Kent as CEO in May 2017". Reuters. December 9, 2016.
  16. ↑ "James Quincey to Become New Coca-Cola CEO in 2017". Nasdaq.
  17. ↑ "Coke CEO Muhtar Kent hands reins to Quincey in widely expected move". Reuters. December 9, 2016.
  18. ↑ Whipp, Lindsay (May 9, 2017), New Coca-Cola CEO to increase start-up investments, The Financial Times, retrieved June 28, 2017
  19. ↑ Jennifer, Maloney (May 9, 2017), Coke’s New CEO James Quincey to Staff: Make Mistakes, Wall Street Journal, retrieved June 28, 2017
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