The Coca-Cola Corporation declares the appointment of a new director and approves the 61st consecutive annual dividend increase.
Amity Millhiser, a successful businesswoman, has been nominated to run for board election at the Coca-Cola Company’s annual shareholder meeting in April, according to the company’s board of directors, which made the announcement today.
She will start serving as a Coca-Cola director on July 1 if elected by shareowners, following her June 30 retirement from PricewaterhouseCoopers LLP.
As part of the announcement, the business increased the quarterly dividend by around 4.6 percent, from 44 cents per common share to 46 cents, marking its 61st consecutive yearly dividend rise.
Concerning Amity Millhiser
At PwC, Millhiser, 59, is a partner and vice chair. She provides senior advise to a variety of clients, including market-dominating multinationals and high-growth startups. In her previous role as Chief Clients Officer and a member of PwC’s U.S. Leadership Team, she was in charge of managing crucial client relationships and fostering expansion across PwC’s more than 15 industries and 90+ U.S. markets.
Millhiser served as the Market Leading Partner of PwC’s Silicon Valley practise and developed the company’s Transaction Services Practice in Switzerland, a Center of Excellence for U.S.-European cross-border deals. She is a prominent expert on digital and emerging technologies, as well as digital and organisational changes, and she has extensive transaction expertise, including acquisitions, divestitures, capital market transactions, and IPOs.
Millhiser is a fervent supporter of women in leadership positions. She was named one of Silicon Valley’s Women of Influence in 2012 and one of the Top 50 Most Influential Women in Technology by the National Diversity Council in 2015.
Graduate of the University of California, Berkeley, Millhiser.
She is anticipated to serve on the audit committee of the board. The board of Coca-Cola would increase to 13 members with the addition of one director.
Dividend Growth
The quarterly dividend was increased by the Board of Directors by around 4.6 percent, from 44 cents to 46 cents per common share.
The quarterly dividend has increased from $1.76 per share in 2022 to an annual payout of $1.84 per share. The shareholders of record as of March 17 will receive the first quarter dividend on April 3.
In 2022, the business paid shareowners a dividend of $7.6 billion, increasing the total dividends paid to shareowners since Jan. 1, 2010, to $76.8 billion.
The Coca-Cola Corporation Information
More than 200 nations and territories sell The Coca-Cola Company’s (NYSE: KO) goods, which span the entire beverage industry. The mission of our business is to improve lives and revitalise the world. Worldwide, we market a number of billion-dollar brands in several beverage categories. Coca-Cola, Sprite, and Fanta are some of the brands in our collection of effervescent soft drink products. Dasani, Smartwater, Vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak, and Ayataka are some of our water, sports, coffee, and tea brand names. Minute Maid, Simply, innocent, Del Valle, fairlife, and AdeS are just a few of our juice, value-added dairy, and plant-based beverage brand names. From cutting the sugar in our drinks to launching cutting-edge new items, we are continually updating our portfolio. By water replenishment, packaging recycling, sustainable sourcing techniques, and carbon emission reductions across our value chain, we want to have a beneficial impact on people’s lives, communities, and the environment. More than 700,000 people are employed by us and our bottling partners, helping to provide economic opportunity for local communities throughout the world. Visit www.coca-colacompany.com for additional information, and follow us on Facebook, LinkedIn, and Instagram.
Tim Leveridge can be reached at koinvestorrelations@coca-cola.com.
Scott Leith, sleith@coca-cola.com, for media
The Coca-Cola Company is the source.
