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The Coca-Cola Company (NYSE:KO) has reported several leadership appointments in support of its new global operating structure. As previously announced, Ahmet Bozer, Steve Cahillane and Irial Finan will head the firm’s three operating businesses Coca-Cola International, Coca-Cola Americas and Bottling Investments Group, respectively, effective Jan. 1, 2013. Alexander Sandy Douglas Jr., who is currently President of Coca-Cola North America, will become Global Chief Customer Officer. Katie Bayne, who is now President of North America Sparkling Beverages, will become President of North America Brands. Brian Kelley, who is currently Chief Product Supply Officer for Coca-Cola Refreshments, will be President and Chief Operations Officer of Coca-Cola Refreshments. Jose Octavio Pacho Reyes, now President of the Latin America Group, will be appointed as Vice Chairman of the The Coca-Cola Export Corporation. Brian Smith, who now serves as President of the Mexico Business Unit, will be named as President of the Latin America Group. Nathan Kalumbu, now President of the Central, East and West Africa Business Unit, will become President, Eurasia & Africa Group. Dominique Reiniche, who now serves as President of the Europe Group, will be appointed Chairman of the Europe Group.
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McDonald’s Corporation’s (NYSE:MCD) same-store sales figures for August suggest that the company will continue to face problems that likely won’t go away in the near future, which include competition in the United States, worldwide macroeconomic uncertainty, decreased same-store sales, plus few notable product intros, says Barron’s. In the longer-term, a stronger case can be made for the stock, and the shares come with a 3.1 percent yield that is supported by a strong cash position and a return on equity approaching 38 percent.
Microsoft Corporation’s (NASDAQ:MSFT) Windows Phone operating system is headed by Instagram, according to The Verge, which cites sources who are familiar with Microsoft’s Windows Phone plans, who add that Instagram app will be made accessible to the platform.
Procter & Gamble Co. (NYSE:PG): Claims made by L’Oreal Co. Adr (LRLCY.PK) concerning a group of high-end anti-wrinkle products have sparked a warning by the FDA, which says that they have been ‘pushed too far’, and as a result sales could be caused to cease if the firm doesn’t pull them back, according to the Wall Street Journal.
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