The Coca-Cola Company has announced that Herbert Allen has retired from his role as director after 39 years at the group.
Allen had been the longest-serving current member of the group’s board of directors until he stepped down on 18 August 2021.
Following the departure of Allen, who is also CEO and director at the privately held investment firm Allen and Co, Coca-Cola now has a total of 11 directors.
James Quincey, chairman and CEO at the company, said: “Herbert joined the board in 1982. Throughout the years, his counsel and sound judgment have guided company leadership through many evolutions.
“His positive impact on Coca-Cola will last far beyond his tenure on the board. We wish him all the best in the next chapter.”
Allen added: “The greatest part of serving as a director has been meeting and getting to know a wide variety of people in the company.
“Whether bottlers, Coke employees, officers or company directors, virtually everyone has been part of an enriching experience. As a shareowner, I extend my appreciation and gratitude to all of you.”