SVP, general counsel at Coca-Cola to retire
ATLANTA — Coca-Cola on Thursday announced that Geoffrey Kelly will be retiring from his post as SVP and general counsel.
Kelly, who joined the company in 1970, will retire in February 2012. He has served in the role of SVP and general counsel since 2005.
Succeeding Kelly is Bernhard Goepelt, who will take on the role of SVP general counsel and chief legal counsel, effective immediately. Kelly will remain SVP during a transition period, Coca-Cola noted.
In related news, the beverage giant also announced that its board of directors has added former Chicago mayor Richard Daley to its team. In this capacity, Daley will serve on the company’s Committee on Directors and Corporate Governance. Daley currently serves as of counsel at Katten Muchin Rosenman LLP, an international law firm, and is the managing principal of Tur Partners LLC, an investment and advisory firm.
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Coca-Cola sets sights on sustainability with next-generation PlantBottle packaging solutions
ATLANTA — In an effort to support its long-term commitments through sustainable practices in sourcing and packaging supply, Coca-Cola has inked partnership agreements with three biotechnology companies to commercialize the brand’s PlantBottle packaging.
Agreements were signed with Virent, Gevo and Avantium after Coca-Cola’s research and development team and technical advisory board conducted a two-year analysis of different technologies.
“While the technology to make bio-based materials in a lab has been available for years, we believe Virent, Gevo and Avantium are companies that possess technologies that have high potential for creating them on a global commercial scale within the next few years,” Coca-Cola VP commercial product supply Rick Frazier said. “This is a significant R&D investment in packaging innovation and is the next step toward our vision of creating all of our plastic packaging from responsibly sourced plant-based materials.”
Since being introduced in 2009, more than 10 billion PlantBottle packages — made 100% from plant-based materials — have been distributed across 20 countries worldwide.
E-Cycle Environmental commends Coke for trying to be sustainable with creating PlantBottle packaging. We hope that other major companies equivalent to Coke and how big they are start their own type of sustainable packaging. www.ecycleenvironmental.com
Single-serve coffee sales experienced surge in 2011, Packaged Facts report finds
NEW YORK — In its latest report on sales in the coffee and ready-to-drink coffee market, Packaged Facts found that the single-cup coffee format has captured more than 7% of retail coffee sales.
Retail sales of coffee reached $7.3 billion in 2011, an increase of nearly 17% over 2010, with single-serve coffee claiming 7.5% of retail coffee sales. Its surge, according to the "Coffee and Ready-to-Drink Coffee in the U.S." report, primarily comes at the expense of regular instant coffee. What’s more, a Packaged Facts survey conducted in September found that 21% of households that make coffee (other than instant) at home own an electric single-cup coffeemaker (based on formats such as pods, K-Cups, or T-Discs), and 18% regularly use it.
Meanwhile, regular (caffeinated) ground coffee, the largest coffee category at retail, accounts for almost 60% of dollar sales of coffee through mass market channels.
The research firm also added that dollar sales growth in this market was driven by consumers paying higher prices for coffee products.
Click here for the full report.
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