Coca-Cola Names Marcos De Quinto As New Chief Marketing Officer

The Coca-Cola Co. on Thursday said Marcos De Quinto will become its new chief marketing and commercial officer from Jan. 1, replacing Joe Tripodi who will retire at the end of February. De Quinto is currently president of the Iberia business unit and vice president of the company's Europe group. The executive has also done stints in Spain, Southeast & West Asia, Germany, Singapore and Malaysia. Coca-Cola earlier this week said its soda volumes were flat in the third quarter, while earnings and revenue fell, hit by currency fluctuations. Coca-Cola shares are up 1.5% in early trade, but are down 0.2% in the year so far, while the Dow has gained about 0.7%.