Muhtar Kent
 Muhtar Kent      ( businessman) | |
|---|---|
 | |
| Born | Ahmet Muhtar Kent December 1, 1952 New York, United States |
| Nationality | • Turkish • American |
| Alma mater | • Cass Business School • City University (London) |
| Parents | Necdet Kent |
Criminal convictions | insider trading |
| Member of | Center for Strategic and International Studies, Council on Foreign Relations/Members 2, Global Relations Forum |
Ahmet Muhtar Kent is a Turkish-American business executive. He was the chairman and chief executive officer (CEO) of The Coca-Cola Company. He became CEO in 2008, and chairman in 2009, leaving those positions in 2016 and 2019 respectively.[1][2][3] He attended the 2007 and 2009 Bilderberg meetings. In 2016, Kent was mentioned as a possible running mate for Hillary Clinton during the 2016 US presidential election.[4]
Contents
Early life
Kent was born in 1952 in New York City, where his father, Necdet Kent, was the consul-general of Turkey.
Education
After completed his middle school education at English High School for Boys in 1968 before graduating from Tarsus American College in Mersin, Turkey, in 1971.[5][6] After finishing high school, he moved to the UK to study at the University of Hull and later received an MBA degree from Cass Business School in London.[7]
Early career
Kent found a job at the Coca-Cola Company in Turkey in 1978. He toured the country in trucks to sell Coca-Cola, and thereby learned its distribution, marketing and logistics systems.[8]
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 İzmir 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 worked at there until 1995.[8]
Promoted further, Muhtar Kent became in 1995 managing director of Coca-Cola Amatil-Europe.
Insider trading
In 1996, Kent 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.[9]
In 1999, Kent left the Coca-Cola Company after 20 years. Returning to Turkey, Kent became CEO of Efes Beverage Group at Anadolu Group,[10] the largest local shareholder of the Coca-Cola franchise in Turkey and one of Europe's largest beverage businesses. He extended the company's territory from Serbia to Pakistan.[11]
Back to Coca Cola
In May 2005, Kent rejoined Coca-Cola after almost six 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.[8]
Kent was named chief executive officer (CEO), effective July 1, 2008. He became chairman of the company almost a year later, on April 23, 2009.[12] By 2015, it was reported he was paid $25 million a year by the Coca-Cola Company.[13]
Other positions
Kent 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 US-China Business Council, and chairman emeritus of the US-ASEAN Business Council. He was appointed as a member of the Eminent Persons Group for ASEAN by President Obama and Secretary of State Clinton. He sat on the board of Emory University.[14]
He sat on the board of directors of The American Turkish Society[15] and the National Committee on United States-China Relations.[16]
In December 2016, Coca-Cola announced that Kent would step down as CEO in May 2017, to be replaced by president and COO James Quincey. Kent continued as the company's chairman.[17] He stepped down as chairman in April 2019.[18]
In 2016, Kent was mentioned as a possible running mate for Hillary Clinton during the 2016 U.S. presidential election.[19]
Events Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| Bilderberg/2007 | 31 May 2007 | 3 June 2007 | Turkey Istanbul | The 55th Bilderberg meeting, held in Turkey |
| Bilderberg/2009 | 14 May 2009 | 17 May 2009 | Greece Vouliagmeni | The 57th Bilderberg |
| WEF/Annual Meeting/2009 | 23 January 2009 | 27 January 2009 | Switzerland WEF | Chairman Klaus Schwab outlined five objectives driving the Forum’s efforts to shape the global agenda, including letting the banks that caused the 2008 economic crisis keep writing the rules, the climate change agenda, over-national government structures, taking control over businesses with the stakeholder agenda, and a "new charter for the global economic order". |
| WEF/Annual Meeting/2011 | 26 January 2011 | 30 January 2011 | Switzerland WEF | 2229 guests in Davos, with the theme: "Shared Norms for the New Reality". |
| WEF/Annual Meeting/2012 | 25 January 2012 | 29 January 2012 | Switzerland WEF | 2113 guests in Davos |
| WEF/Annual Meeting/2013 | 23 January 2013 | 27 January 2013 | Switzerland WEF | 2500 mostly unelected leaders met to discuss "leading through adversity" |
| WEF/Annual Meeting/2014 | 22 January 2014 | 25 January 2014 | Switzerland WEF | 2603 guests in Davos considered "Reshaping The World" |
References
- ↑ http://www.coca-colacompany.com/our-company/board-of-directors-muhtar-kent
- ↑ https://web.archive.org/web/20090527092903/http://www.galatasaray.org/kulup/haber/2789.php
- ↑ Maier, Simon; Kourdi, Jeremy (2011). The 100: Insights and Lessons from 100 of the Greatest Speakers and Speeches Ever Delivered. Marshall Cavendish. p. 152. ISBN 978-9814312479.
- ↑ http://time.com/4534899/hillary-clinton-wikileaks-running-mates/
- ↑ https://nisantasial.meb.k12.tr/meb_iys_dosyalar/34/20/162343/dosyalar/2020_07/17181648_OKUL_TANITIM_KYTAP_19-20.pdf
- ↑ http://www.hurriyet.com.tr/egitim/muhtar-kent-ten-mezun-oldugu-okula-120-bin-dolar-27619099
- ↑ https://www.bayes.city.ac.uk/faculties-and-research/centres/stf/courses/alumni
- ↑ a b c http://www.coca-colacompany.com/our-company/board-of-directors-muhtar-kent#TCCC
- ↑ https://www.wsj.com/articles/SB116122468611097290
- ↑ http://www.hurriyet.com.tr/ekonomi/coca-cola-buyume-icin-kent-e-inaniyoruz-11509344
- ↑ http://www.anadoluefes.com/index.php?gdyil=1996&gdil=in&gsayfa=hk&galtsayfa=ilk&gicsayfa=&gislem=hakkimizdailkyil&gbilgi=2000
- ↑ https://www.perakende.org/coca-colanin-yeni-ceosu-muhtar-kent-oldu-1197038975h.html
- ↑ https://www.sozcu.com.tr/2015/ekonomi/muhtar-kentin-aylik-kazanci-dudak-ucuklatiyor-782894/
- ↑ http://www.coca-colacompany.com/our-company/board-of-directors-muhtar-kent#TCCC
- ↑ http://americanturkishsociety.org/board-directors%7Cwebsite = americanturkishsociety.org
- ↑ https://www.ncuscr.org/about/board-directors
- ↑ https://www.coca-colacompany.com/media-center
- ↑ https://www.thestreet.com/investing/james-quincey-to-succeed-muhtar-kent-as-chairman-of-coca-cola-14803112
- ↑ https://time.com/4534899/hillary-clinton-wikileaks-running-mates/
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