Food Industry
Industry: Email Alert RSS FeedThe Coca-Cola Company
Food & Drink Weekly, Feb 20, 2006
The Coca-Cola Company said that Warren Buffett and Pedro Reinhard will not stand for re-election at the upcoming annual meeting of shareowners. Buffett said that his decision was a consequence of the increased demands on his time resulting from Berkshire Hathaway's acquisitions of new companies.
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He also noted that Berkshire Hathaway intends to retain its holdings of Coca-Cola stock. Both Buffett's and Reinhard's terms expire on April 19 at the company's annual meeting of shareowners.
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