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British businessman in the United States (born 1965) From Wikipedia, the free encyclopedia
James Robert B. Quincey (8 January 1965) is a British businessman based in the United States.[2] After starting his career at Bain & Co,[3] he joined The Coca-Cola Company in 1996[4] and was later named chief operating officer (COO). He is now the chairman and chief executive officer (CEO) at the company.[5]
James Quincey | |
---|---|
Born | James Robert B. Quincey 8 January 1965[1] London, England, UK |
Education | University of Liverpool (BSc) |
Title | Chairman and CEO, The Coca-Cola Company |
Predecessor | Muhtar Kent |
Spouse | Jacqui Quincey |
Children | 2 |
James Robert B. Quincey was born on 8 January 1965[2] in London, England, UK and lived in Hanover, New Hampshire, US for three years when his father was a lecturer in biochemistry at Dartmouth College.[6] By age five, they had moved to Birmingham, England. He attended private King Edward's School, Birmingham and has a bachelor's degree in electronic engineering from the University of Liverpool.[6] He is fluent in Spanish.[3][4][7]
After working with Bain & Co and a smaller consultancy,[3] he joined Coca-Cola in 1996.[4] With Coke he has lived in Latin America[7] and worked for Coke in Mexico, where he led the acquisition of Jugos del Valle.[4] In 2015, Quincey became the president of Coca-Cola.[8][9] He outlined a plan to have five category clusters for brands in the company.[10] He also changed management and the entire Coke hierarchy.[11]
He was named CEO in December 2016.[12][13][14][15] He became CEO the following May when Muhtar Kent retired. Among his first acts as CEO, he announced reducing 1,200 corporate positions as part of a plan to invest in new products and marketing and restore the year's revenue and profit growth from four to six percent.[4] Quincey also said in interviews that he wanted to rid the Coke company's culture of over-cautiousness concerning risk,[16] and that he intended to further diversify Coke's portfolio by accelerating investments in startup businesses.[17] He later launched a plan to recycle a bottle for every bottle sold by 2030.[18] On 24 April 2019, Quincey was elected chairman of the board.[19] In December 2021 Quincey announced the planned discontinuation of many of its slower selling products, such as Tab and Zico coconut water.[20]
In 2023, Quincey's total compensation from Coca-Cola was $24.7 million, or 1,799 times the median employee pay at Coca-Cola for that year.[21]
Quincey and his wife Jacqui have two children and live in London, UK.[3][6]
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