Global beverages giant Coca-Cola is changing its leadership in India. T. KK Krishnakumar, the present Chief Executive of Hindustan Coca-Cola Beverages (HCCB), will be taking over as the President of Coca-Cola's India and South-West Asia business unit from May 1, 2017. Venkatesh Kini,the current president, has decided to quit the firm and move back to the US. He has cited personal reasons behind the decision.
Krishnakumar, who is the CEO and South West Asia Regional Director of HCCB, will be replaced by Christina Ruggiero. Presently, Ruggiero is theChief Procurement Officer for Coca-Cola System in North America and President and CEO for Bottler's Sales & Services LLC, which is a limited liability company owned by 68 Coca-Cola Bottling members.
“It’s a very important period in our company's transition globally. Our focus is to come up with more consumer-oriented businesses and a stronger total beverages portfolio, spread in multiple categories, particularly in the developing markets,” said James Murphy, president, Asia Pacific Group, The Coca-Cola Company.
“The Indian market has tremendous growth potential and we believe the revitalizing system leadership structure that we announced today will enable us to continue consolidating India as one of the most important growth engines for The Coca-Cola Company globally,” said Irial Finan, president, Bottling Investment Group (BIG).
Kinihas so far spent 19 years at Coca-Cola and has been heading operations in the region since 2012.