Coca-Cola CEO Muhtar Kent to step down
Muhtar Kent has announced that he will step down as the CEO of Coca-Cola in May 2017 and will be succeeded by company President and COO James Quincey. Kent, who has been CEO since 2008, will continue as Chairman. Kent's total pay was reduced to $14.6 million from $25.2 million in 2016 after Coke's revenue dropped 4%.