The Coca-Cola Company today announced that the Company’s Board of Directors has named E. Neville Isdell Chairman and chief executive officer elect to succeed Doug Daft. The transition is expected to take place by early summer. Until that time, Mr. Daft will work to ensure an effective and seemless transition.
An Irish citizen, Mr. Isdell, 60, joined the Coca-Cola system in Zambia in 1966. After holding positions of increasing responsibility in South Africa, Australia, and The Philippines, he was named the president of the Company’s Central European Division, based in Germany, in 1985 where he restructured the German bottling system to franchises from 106 in just over three years. From 1989 to 1998 as group president for North East Europe, the Middle East and Africa and one of five executives operating the worldwide business, Mr. Isdell was responsible for opening or re-opening new markets in India, the Middle East, Eastern Europe and the former Soviet Union. In 1995 he was named president of the Greater Europe Group compromising territories accounting for nearly one third of the Company’s worldwide profits.