The Coca-Cola Company has announced that Evan G. Greenberg, has informed the company’s board of directors that he will resign, effective 1 October 2016.
Greenberg said his decision was based on increased demands on his time resulting from an acquisition by his company earlier this year to create Chubb Limited, of which he is now the chairman and chief executive officer.
Greenberg said: “Due to increasing demands on my time following a major recent acquisition by my company, I have decided to resign from The Coca-Cola Company’s board of directors to devote my full attention to my expanded business commitments as chairman and chief executive officer of Chubb Limited.
“I have enjoyed the opportunity of serving on the board over the past few years and believe the company has strong plans in place for the future.
“I have every confidence in the company’s leadership and wish Muhtar Kent and James Quincey well as they build an exciting future for the company and its many stakeholders.”
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