​Coca Cola axes CMO role in global restructure

The beverage giant announced organisational restructure as part of new transformation strategy

The Coca-Cola Company has axed its CMO role and announced a number of senior leadership appointments as part of a new restructure it says will help drive ongoing transformation.

Global marketing, customer and commercial leadership and strategy roles will now be combined as one function under the leadership of a new chief growth officer to drive growth across five strategic beverage categories.

Francisco Crespo, who currently serves as president of the Mexico business unit, is set to fill the newly created role. A 28-year company veteran, Crespo will lead the company’s global marketing, corporate strategy, and customer and commercial leadership teams to create a consolidated team with a clear mandate for driving global growth.

The company said role will lead the evolving category cluster model focused around five beverage categories: Sparkling, juice, dair, /plant-based, tea and coffee, water and enhanced waters and energy.

Meanwhile Julie Hamilton, chief customer and commercial leadership officer, along with the corporate strategy and planning and global marketing leadership teams, will report to the chief growth officer.

The new restructure forms part of a wider company strategy to drive innovation and growth
The new restructure forms part of a wider company strategy to drive innovation and growth


In an effort to drive innovation. Coca Cola has also appointed a new chief innovation officer to elevate global R&D into a standalone innovation function reporting directly to the CEO.

The company stated this move is indicative of an increased focus on accelerating the growth of its consumer-centric brand portfolio, with hundreds of new products and continued innovation in beverages, packaging, ingredients and other areas of the business around the world.

As part of the company’s digitisation strategy as a growth enabler, IT will also be repositioned as a direct report to the CEO. Current Senior VP and CIO, Barry Simpson, will remain in his role but be elevated as a direct report to the CEO to increase visibility and focus on efforts to digitise all aspects of the company’s business. Simpson became CIO last year and oversees all of the company’s global information technology strategy, services and operations.

According to president and COO, James Quincey, the changes support work already under way to create a leaner, more agile corporate organisation focused on innovation and portfolio growth through leading brands and categories. They also follow changes made by Quincey to the company’s international operations leadership team last year.

“Today’s organisational announcement is another building block in our company’s transformational journey,” he said. “We are moving quickly to structure our organisation for faster growth and to ensure we can respond to the fast-changing needs of our consumers, customers, system and associates around the world. Each of the leaders named today is highly capable and understands our clear mandate for change, and I look forward to partnering with them as we transform our business for the future.”

Key changes, which will be effective when Quincey becomes CEO on in May this year.

Follow CMO on Twitter: @CMOAustralia, take part in the CMO conversation on LinkedIn: CMO ANZ, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+:google.com/+CmoAu

Join the CMO newsletter!

Error: Please check your email address.
Show Comments

Supporting Association

Blog Posts

Is your content marketing missing the mark?

Does it ever seem like the content you create falls flat on its face or that the leads you’re generating aren’t worth following up?

Dan Ratner

managing director, uberbrand

​ Creating a purpose-driven brand

So you want to be a brand with purpose. But what does it actually mean to build a brand with real meaning?

Paul Chappell

Partner and managing director, Brand + Story

Customer experience crisis: Proactively mitigating the risk of broken promises

Last Friday, three weeks after United Airline’s spectacular customer experience disaster, customers received a letter from the company’s CEO, Oscar Munoz.

Very rarely have I come across views so true. There are so many gems in this article, reflective of reality, onec can read it again and a...

Shyam Mishra

ANZ digital chief: Tackle the ‘frozen middle’ of your organisation or face irrelevancy

Read more

STOP STEALING BUISNESS CLASS TOILETS from A380, new 787's and A330's!!!!Thats what you call customer experience ONE toilet for all Busine...

Joe

Qantas CMO: What it's taking to evolve our customer experience

Read more

Dare i suggest that a "CEO" role in a peak industry body like Think Brink is not really much of a leap from CMO because it is also a mark...

Sventana

CMO to CEO: Think Brick chief reveals what it takes to make the jump

Read more

Grate post, thanks for the post.No matter what your business is, if you do no not rank among the top most search results of Google, Yahoo...

Rahul

Image intelligence:10 must-see infographics for marketers

Read more

Thank you Shane Blandford for carrying my Smarketing vision into KM !

Peter Strohkorb

​CMO Interview: Why aligning sales and marketing drives innovation at Konica Minolta

Read more

Latest Podcast

More podcasts

Sign in