Coca-Cola shares were little changed in extended trading in New York following the announcement. (Image Source: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Coca-Cola Co. said Chief Executive Officer James Quincey is stepping down and will be replaced at the end of March by Henrique Braun, the company’s chief operating officer.

Quincey, who is 60 and has been CEO for nine years, will transition to executive chairman, according to the company. He is currently chairman of the company’s board.

Coca-Cola shares were little changed in extended trading in New York following the announcement.

Quincey assumed the CEO role on May 1, 2017, and helped to pull the company out of a multiyear sales slump. Under his management, Coca-Cola shares rose more than 60%, while

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