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• The Coca-Cola Co. on Friday announced "the sudden departure of Americas chief and onetime CEO candidate Steve Cahillane," according to a story on Fox Business. Coke said that Cahillane left "to pursue other opportunities," but the story suggests that Cahillane was the victim of weaker-than-expected sales trends.

Fox Business reports that "as part of the organizational changes, the North American business will be broken into a traditional company and a bottler operating model. The two operating units will be called Coca-Cola North America and Coca-Cola Refreshments.

"Coke said the North America segment will be led by J.A.M. 'Sandy' Douglas, who will stay on as global chief customer officer. The refreshments business will be helmed by Paul Mulligan, who will report to Irial Finan, president of the Bottling Investments Group. Also, the Latin America Group, which is led by Brian Smith, will be folded into Coca-Cola International."

And, the story notes, "With Cahillane out of the picture, Coca-Cola international chief Ahmet Bozer now emerges as a potential successor to CEO Muhtar Kent, who has served as CEO since 2008."
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