Coca-Cola shakes up organizational structure

Coca-Cola Amatil (ASX:CCL) has today announced changes to its organisational structure and senior accountabilities to further integrate beverage categories across each country of operation.

The Australian based alcohol and coffee portfolios will join the Australian Beverages team under the leadership of Peter West.

Alcohol and coffee in New Zealand, Paradise Beverages in Fiji and Samoa, and the international alcohol sales team, will join the New Zealand and Fiji businesses under the leadership of Chris Litchfield.

Coca Cola says the changes will deliver further synergies between the non-alcohol, alcohol and coffee categories, and build on the existing integration in parts of the business including shared operations and sales teams in Australia and the structure in New Zealand.

They follow the divestment of Amatil’s only non-beverage business, food processor SPC.

The changes take place as Amatil is completing a two-year transition phase for the Group and is targeting a return to mid-single digit earnings per share growth from 2020.

Shares in Coca Cola (ASX:CCL) Closed 1.18 per cent lower at $10.87 on Friday.
 
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Source: Finance News Network