Here are just a few of the interesting executive changes making headlines over this past week:
New Flavor at The Coca-Cola Company
Atlanta-based nonalcoholic beverage giant Coca-Cola Company announced a change at the top. Muhtar Kent will relinquish his CEO role to James Quincey in May 2017. Kent, chairman and CEO since 2010, will retain the chairmanship. Quincey has been with Coca-Cola since 1996 and has held top spots at the South Latin division, Northwest Europe and Nordics division, and the Europe Group before being named the company’s president and COO in the summer of 2015.
Shuffle at the Top of Anthera Pharmaceuticals
Drug developer Anthera Pharmaceuticals has shuffled the top deck. Anthera, based in the Bay Area, announced early in the week that Christopher Henney stepped down as chairman after 10 years. Paul Truex, CEO since the founding of the company in 2004, was named chairman. Made president and COO in January, Craig Thompson was promoted to president and CEO as a part of the overall transition. Thompson has over 20 years’ experience in the industry and has worked as COO while at Tetraphase, chief commercial officer at Trius Therapeutics (later acquired by Cubist Pharmaceuticals), and in US and global roles while at Pfizer.
Chai Joined The Warranty Group as New Head
Extended warranty and service contract provider The Warranty Group announced the hiring of Nelson Chai as president and CEO. Prior to Warranty Group, Chai served as president of commercial banker CIT Group and as CFO at security brokerage Merrill Lynch, NYSE Euronext (parent of the NYSE), and electronic stock exchange pioneer Archipelago Holdings. Thomas Warsop, top dog since 2012, is leaving the company after a transition period.
Look for more Executives on the Move next week!
Jim Harris is a project editor for D&B Sales & Marketing Solutions, including Hoover’s. He has worked for D&B for over 20 years. Prior to that, he spent 20 years as a US Army Intelligence NonCom & Warrant Officer and eight years as a federal government contractor.