The Coca-Cola Company 2003 Summary Annual Report
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A Conversation with Doug Daft
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Our Plan for Growth
A Word from Steve Heyer
Our Operating Segments
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The Coca-Cola Company,
At a Glance
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The Coca-Cola Company
The Coca-Cola System-
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The Structure of The Coca-Cola Company
Operating Segments
The Coca-Cola Company is organized into five geographic operating segments—also called strategic business units (SBUs)—as well as a corporate segment. The five SBUs are:
North Americawhich accounted for 30 percent of our Company’s 2003 worldwide net operating revenues and 29 percent of our worldwide unit case volume. The North America SBU is led by the Company’s president and chief operating officer, Steven J. Heyer, and consists of two divisions: Foodservice and Hospitality and Retail Sales. Company products have been sold in North America since 1886.
Africawhich accounted for 4 percent of our Company’s 2003 worldwide net operating revenues and 6 percent of our worldwide unit case volume. Alexander B. Cummings, an executive vice president of the Company, serves as president of this operating segment. Our African business is divided into two divisions: North and West Africa and Southern and East Africa. Company products have been bottled in Africa since 1929.
Asiawhich accounted for 24 percent of our Company’s 2003 worldwide net operating revenues and 18 percent of our worldwide unit case volume, is headed by Mary E. Minnick, an executive vice president of the Company. The Asia SBU is divided into six divisions: China, India, Japan, Philippines, South Pacific and Korea, and Southeast and West Asia. Company products have been bottled in Asia since 1912.
Europe, Eurasia and Middle Eastwhich accounted for 31 percent of our Company’s 2003 worldwide net operating revenues and 22 percent of our worldwide unit case volume. This segment of our business is led by Alexander R.C. (Sandy) Allan, an executive vice president of the Company, and is made up of seven divisions: Central Europe and Russia, Eurasia and Middle East, Germany and Nordic, Iberian, Italy and Alpine, Northwest Europe, and Southeast Europe and Gulf. Company products have been bottled in this region since 1919.
Latin Americawhich accounted for 10 percent of our Company’s 2003 worldwide net operating revenues and 25 percent of our worldwide unit case volume. José Octavio Reyes, an executive vice president of the Company, leads this SBU. The Latin America SBU has four divisions: Brazil, Latin Center, Mexico and South Latin. Company products have been bottled in Latin America since 1906.
Corporate Segment
Our corporate segment consists of nine functions: Corporate External Affairs; Customer Management; Finance; Human Resources; Innovation/Research and Development; Legal; Marketing; Quality; and Worldwide Public Affairs and Communications.
The Executive Committee of The Coca-Cola Company is responsible for setting policy and establishing strategic direction for the Company. The Executive Committee consists of 12 Company officers:
Douglas N. Daft
Chairman, Board of Directors, and Chief Executive Officer
Steven J. Heyer
President and Chief Operating Officer
Alexander R.C. (Sandy) Allan
Executive Vice President; President and Chief Operating Officer, Europe, Eurasia and Middle East
Alexander B. Cummings
Executive Vice President; President and Chief Operating Officer, Africa
J. Alexander M. Douglas, Jr.
Senior Vice President and Chief Customer Officer
Gary P. Fayard
Executive Vice President and Chief Financial Officer
Mary E. Minnick
Executive Vice President; President and Chief Operating Officer, Asia
Daniel P. Palumbo
Senior Vice President and Chief Marketing Officer
Deval L. Patrick
Executive Vice President, General Counsel and Secretary
Jose Octavio Reyes
Executive Vice President; President and Chief Operating Officer, Latin America
Danny L. Strickland
Senior Vice President and Chief Innovation/Research and Development Officer
Clyde C. Tuggle
Senior Vice President, Worldwide Public Affairs and Communications
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