James Quincey

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]

James Quincey
Born
James Robert B. Quincey

(1965-01-08) 8 January 1965[1]
London, England
EducationUniversity of Liverpool (BSc)
TitleChairman and CEO, The Coca-Cola Company
PredecessorMuhtar Kent
SpouseJacqui Quincey
Children2

Early life

James Robert B. Quincey was born on 8 January 1965[2] in London, England, 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 for Coke 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

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]

Personal life

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

References
  1. "Stocks". Bloomberg. Retrieved 16 March 2017.
  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. 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. 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. 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. 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
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