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Coca-Cola Consolidated announces executive transition and retirement plans

Published 04/09/2025, 21:14
Coca-Cola Consolidated announces executive transition and retirement plans
COKE
-1.54%

Coca-Cola Consolidated, Inc. (NASDAQ:COKE), a $10.37 billion market cap beverage company currently trading at $119.31, reported that Robert G. Chambless, Executive Vice President, Franchise Beverage Operations, has informed the company of his intention to retire in 2027. The announcement was made according to a statement released on Thursday, based on a recent SEC filing.

Chambless will move to the role of Executive Vice President, Senior Advisor to the Chairman and CEO, effective January 1, 2026. In this new capacity, he will assist with the transition of his current responsibilities and serve as a strategic advisor to the company’s leadership.

The company stated that Chambless’s decision to retire and transition roles is not related to any disagreement concerning the company’s operations, policies, practices, financial statements, accounting policies, or internal controls.

Coca-Cola Consolidated, based in Charlotte, North Carolina, is listed on the Nasdaq Global Select Market under the ticker COKE. The information in this article is based on a press release statement and the company’s filing with the Securities and Exchange Commission.

In other recent news, Coca-Cola Consolidated has announced a quarterly dividend of $0.25 per share for the third quarter of 2025. This dividend will be distributed to shareholders on August 8, 2025, with eligibility determined by stock ownership as of July 25, 2025. The dividend applies to both Common Stock and Class B Common Stock holders. This announcement follows the decision made by the company’s Board of Directors. Coca-Cola Consolidated’s dividend declaration is part of its regular financial practices. The company continues to maintain its dividend distribution, reflecting its ongoing financial strategies. This development is relevant for investors tracking the company’s shareholder return policies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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