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The Coca-Cola Company has announced the appointment of John Murphy as president and chief financial officer (CFO), effective 1 October. Murphy, who currently serves as executive vice president and CFO, will take on the role of president following the retirement of Brian Smith. Smith has served as Coca-Cola's president and chief operating officer since 2019. He will remain with the company as a senior executive until February 2023. James Quincey, chairman and CEO of The Coca-Cola Company, said: "Brian has made innumerable contributions to the Coca-Cola system during his 25 years with the company. I thank him for his service and, on behalf of the company, wish him all the best." He added: "John has been a vital business partner and leader at the company. As president and CFO, John’s new role will be instrumental in driving critical, enterprise-wide imperatives across the Coca-Cola system."