Coca Cola 2014 Annual Report Download - page 25

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May 15, 2012, the parties entered into a mutually agreeable settlement/stipulation resolving two major issues: exhaustion of underlying
coverage and control of defense. On or about January 10, 2013, the parties reached a settlement of the estoppel claims and all of the
remaining coverage issues, with the exception of one disputed issue relating to the scope of the Chartis insurers’ defense obligations
in two policy years. The trial court granted summary judgment in favor of the Company and Aqua-Chem on that one open issue and
entered a final appealable judgment to that effect following the parties’ settlement. On January 23, 2013, the Chartis insurers filed
a notice of appeal of the trial court’s summary judgment ruling. On October 29, 2013, the Wisconsin Court of Appeals affirmed the
grant of summary judgment in favor of the Company and Aqua-Chem. On November 27, 2013, the Chartis insurers filed a petition for
review in the Supreme Court of Wisconsin, and on December 11, 2013, the Company filed its opposition to that petition. On April 16,
2014, the Supreme Court of Wisconsin denied the Chartis insurers’ petition for review.
The Georgia Case remains subject to the stay agreed to in 2004.
Environmental Matter
The Company’s Atlanta Syrup Plant (“ASP”) discharges wastewater to a City of Atlanta wastewater treatment works pursuant to a
government-issued permit under the U.S. Clean Water Act and related state and local laws and regulations. The Company became
aware that wastewater-related reports filed by ASP with regulators may contain certain inaccurate information and in November 2012
made self-disclosure to the City of Atlanta regarding the matter as required by applicable law. As a result, regulatory authorities are
seeking monetary and/or other sanctions against the Company. The Company is in the process of negotiating a mutually acceptable
settlement with the regulatory authorities and believes that any sanctions that may ultimately be imposed will not be material to its
business, financial condition or results of operations.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
ITEM X. EXECUTIVE OFFICERS OF THE COMPANY
The following are the executive officers of our Company as of February 25, 2015:
Ahmet C. Bozer, 54, is Executive Vice President of the Company and President of Coca-Cola International, which consists of the
Company’s Eurasia and Africa, Europe, Latin America and Asia Pacific operating groups. Mr. Bozer joined the Company in 1990 as
a Financial Control Manager. In 1992, he became the Region Finance Manager in Turkey. In 1994, he joined Coca-Cola Bottlers of
Turkey (now Coca-Cola I
.çecek A.¸S.) as Finance Director and was named Managing Director in 1998. In 2000, Mr. Bozer rejoined
the Company as President of the Eurasia Division, which became the Eurasia and Middle East Division in 2003. In 2006, Mr. Bozer
assumed the additional leadership responsibility for the Russia, Ukraine and Belarus Division. In 2007, with the addition of the India
and South West Asia Division under his responsibilities, Mr. Bozer was named President of the Eurasia Group. From July 1, 2008,
until December 31, 2012, Mr. Bozer served as President of the Eurasia and Africa Group. He was appointed President of Coca-Cola
International effective January 1, 2013, and was elected Executive Vice President of the Company on February 21, 2013.
Alexander B. Cummings, Jr., 58, is Executive Vice President and Chief Administrative Officer of the Company. Mr. Cummings joined
the Company in 1997 as Deputy Region Manager, Nigeria. In 1998, Mr. Cummings was named Managing Director/Region Manager,
Nigeria, and in 2000, he became President of the North West Africa Division based in Morocco. In 2001, Mr. Cummings became
President of the Africa Group and served in this capacity until June 2008. Mr. Cummings was appointed Chief Administrative Officer
of the Company effective July 1, 2008, and was elected Executive Vice President of the Company effective October 15, 2008.
Marcos de Quinto, 56, is Executive Vice President and Chief Marketing Officer of the Company. Mr. De Quinto first joined the
Company in 1982 in the marketing department of Coca-Cola Spain, where he held positions including District Manager and
Merchandising Manager. In 1988, he left the Company to be Regional Manager for Southern Publicity Agencies ALAS BATES/BSB
Advertising before rejoining Coca-Cola Spain in 1990 as Marketing Services Manager. From September 1992 to September 1994,
Mr. De Quinto served as Senior Vice President, Marketing Operations Manager, Coca-Cola Southeast and West Asia, and from
September 1994 to February 1995, he served as Regional Manager for Singapore and Malaysia. From February 1995 to October 1996,
Mr. De Quinto served as Marketing Manager, Central Europe Division, and from October 1996 to January 2000, he served as Regional
Manager, Coca-Cola Spain. In January 2000, he was appointed President of the Iberia Business Unit and served in that role until his
appointment to the position of Chief Marketing Officer effective January 1, 2015. He also served as Vice President, Europe Group from
May 2007 to December 2012. Mr. De Quinto was elected Executive Vice President of the Company effective February 19, 2015.