Kent in 2009
|Born||Ahmet Muhtar Kent|
December 1, 1952
New York City, New York, United States
|Residence||Atlanta, Georgia, United States|
|Education||Tarsus American College|
Cass Business School of City University, London
|Occupation||Chairman of the Board, The Coca-Cola Company|
Ahmet Muhtar Kent (born December 1, 1952) is an American business executive. He is the chairman and former CEO of The Coca-Cola Company. He was appointed to the position of chief executive officer of the company in 2008 and became chairman of the board in 2009.
Muhtar Kent was born in 1952 in New York City, where his father, Necdet Kent, was the consul-general of Turkey. After completing high school at Tarsus American College in Mersin, Turkey in 1971, Muhtar Kent went to the United Kingdom to study at the University of Hull. Subsequently, he earned his MBA degree at Cass Business School, London.
Muhtar Kent found a job at The Coca-Cola Company in Turkey through a newspaper ad in 1978. He toured the country in trucks to sell Coca-Cola, and thereby learned its distribution, marketing and logistics systems.
In 1985, he was promoted to the general manager position of Coca-Cola Turkey and Central Asia, and transferred the headquarters of the company from Izmir to Istanbul. Three years later, he was appointed president of the Company’s East Central Europe Division, responsible for 23 countries in a region from the Alps to the Himalayas. Living in Vienna, Austria, he served at this post until 1995.
Promoted further, Muhtar Kent became in 1995 managing director of Coca-Cola Amatil-Europe. In two years, he increased the turnover of the company about 50%, which covered bottling operations in 12 European countries.
In 1999, Kent left the Coca-Cola Company after 20 years of service. Returning to Turkey, Muhtar Kent became CEO of Efes Beverage Group at Anadolu Group, the largest local shareholder of the Coca-Cola franchise in Turkey and one of Europe's largest international beverage businesses. He extended the company's territory from Serbia to Pakistan.
One issue concerns his personal ethics. In 1996, Kent - who's worked for Coke on and off since 1978—was judged guilty of insider trading in civil court in Australia, where he held a senior-level position at Coca-Cola Amatil Ltd., a regional bottler based in Sydney. He was required not only to give up the profit he made of $324,000, but also pay $30,000 to cover the cost of an investigation by the Australian Securities Commission. Kent has since claimed that his then financial adviser sold short some 100,000 shares of the company on Kent's behalf a mere hours before the profit announcement. In the event, the Australian controversy continued to dog him because two years later - in 1998 - Kent resigned from Coca-Cola Amatil-Europe. https://www.wsj.com/articles/SB116122468611097290
In May 2005, Kent rejoined Coca-Cola after almost 6 years and was appointed president and chief operating officer of the company’s North Asia, Eurasia and Middle East Group, a position reporting directly to chairman and chief executive officer Neville Isdell. Muhtar Kent's rise continued and he was promoted in January 2006, to the newly created position of president of International Operations. In this capacity, he was responsible for all operations outside of North America, and all group presidents outside of North America reported to him.
Kent's successful career took him finally to the summit of The Coca-Cola Company, which named him chief executive officer, effective July 1, 2008. He became chairman of the board and chief executive officer, effective April 23, 2009. By 2015 he is paid over US$ 25MM a year by Coca-Cola.
Muhtar Kent is active in the global business community and currently is co-chair of the Consumer Goods Forum, a fellow of the Foreign Policy Association, a member of the Business Roundtable, a past Chairman of the U.S.-China Business Council and current chairman emeritus of the US-ASEAN Business Council. He also was recently appointed as a member of the Eminent Persons Group for ASEAN by President Obama and Secretary of State Clinton. He serves on the boards of Special Olympics International, Ronald McDonald House Charities, Catalyst and Emory University. He received an honorary degree in Doctor of Laws from Oglethorpe University in 2008.
He currently serves on the board of directors of The American Turkish Society and the National Committee on United States-China Relations.
In 2016, he was inducted as a Georgia Trustee, an honor given by the Georgia Historical Society in conjunction with the Governor of Georgia to individuals whose accomplishments and community service reflect the ideals of the founding body of Trustees, which governed the Georgia colony from 1732 to 1752.
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