Muhtar Kent is to step down as chief executive of The Coca-Cola Company next May, to be replaced by current president and operations chief James Quincey, who has been in his role for slightly more than a year.

Muhtar Kent is to step down as chief executive of The Coca-Cola Company next May, to be replaced by current president and operations chief James Quincey, who has been in his role for slightly more than a year.