NEW YORK: Coca-Cola announced on Friday that chief executive Muhtar Kent will step down next year as the beverage giant confronts a tougher demand environment for soda.

James Quincey, Coca-Cola president and chief operating officer, will step into the top job in May, the company said. Kent will stay on as chairman.

Quincey’s background includes extensive experience in Latin America and Northwest Europe.

Published in Dawn December 10th, 2016