Business Services Industry
Coca-Cola Enterprises Inc. Announces Departure of John R. Alm, President and Chief Executive Officer; Lowry F. Kline, Chairman, Board of Directors, Named Interim CEO
Business Wire, Dec 1, 2005
ATLANTA -- Coca-Cola Enterprises (NYSE: CCE) today announced that President and Chief Executive Officer John R. Alm is leaving the company effective January 1, 2006. The board of directors has initiated the search process for the selection of his successor. Lowry F. Kline, chairman, board of directors, will serve as interim CEO until the selection process is completed with Mr. Alm providing advice and counsel to him throughout the transition for a period up to six months.
"John has been an integral part of the Coca-Cola bottling system for more than two decades, and both Coca-Cola Enterprises and the Coca-Cola system have benefited from his leadership and insight," said Mr. Kline. "John's passion for our business, our people and our customers, and his entrepreneurial spirit have created lasting contributions to our company's culture and operations.
"I am fully committed to working with Lowry to ensure an effective transition, and this decision reflects the company's confidence in our strong management team, especially the abilities of Terry Marks and Shaun Higgins, two of the industry's most respected operators," Mr. Alm said. "Under their leadership, we are continuing to strengthen our business in North America and Western Europe, working closely with The Coca-Cola Company to meet the changing needs of our customers and consumers in these dynamic markets." Mr. Marks was named president, North American Business Unit, in January 2005, and Mr. Higgins became president, European Group, in April of this year.
"It has been a privilege to help lead Coca-Cola Enterprises and its people through a remarkable period of domestic and international expansion and growth. I look forward to evaluating the opportunities that have been presented to me to serve on other companies' boards of directors, as well as joining a private equity firm as a partner or in an advisory role," Mr. Alm said. "I will also expand my private philanthropic efforts to help disadvantaged youth."
Mr. Alm, 59, began his career in the beverage industry in 1980 when he joined the Johnston Coca-Cola Bottling Group as senior vice president and chief financial officer. In 1991, the Johnston Coca-Cola Bottling Group merged with Coca-Cola Enterprises and Mr. Alm was named vice president and chief financial officer. In 2000, Mr. Alm was named president and chief operating officer and became chief executive officer in January 2004.
Prior to being elected chairman in April 2002, Mr. Kline, 65, served as chief executive officer. In April 2000, he was elected a member of the company's board of directors and its vice chairman after serving as executive vice president and chief administrative officer.
Coca-Cola Enterprises Inc. is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. Coca-Cola Enterprises sells approximately 80 percent of The Coca-Cola Company's bottle and can volume in North America and is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
- Research and Markets: Top Chinese Information Technology Outsourcing Vendors, Black Book Survey 2009 Results
- Sanofi-aventis Video Q&A : CEO Chris Viehbacher Comments on 2009 Full-Year Earnings
- CSR creates the industry’s first audio processor with Bluetooth connectivity for handsets
- CSR connectivity platform powers the latest Sharp handset
- Samson Oil & Gas Advises on the Gene #1-22H Well Progress
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FHM Features Anna Benson, Baseball's Hottest Wife
- Building a DNA database: the federal government has just enacted two bills related to DNA. The first would drive the collection of DNA from all infants. The second would attempt to prevent the DNA that is collected from being misused
- America's most wanted j-o-b-s - 10 hottest employment opportunities
- Developmental sequence in small groups


