Coca-Cola stock dips today as Coke taps first chief digital officer ahead of earnings
Coca-Cola shares fell about 1% Thursday after the company announced a leadership overhaul, including its first Chief Digital Officer and shifting commercial duties away from the CFO. The changes take effect March 31, as Henrique Braun prepares to succeed James Quincey as CEO. Investors await the Feb. 10 earnings report and Feb. 17 CAGNY presentation for more details on strategy. PepsiCo shares rose 0.6%.