New York, Jan 16, 2026, 13:40 EST — Regular session
- Coca-Cola shares edged up in afternoon trading following a leadership shakeup announced late last week.
- The company scheduled a CEO transition for March 31 and established a new chief digital officer role.
- Coming up: earnings on Feb. 10, followed by an investor conference on Feb. 17.
Shares of The Coca-Cola Company ticked up roughly 0.3% to $70.67 on Friday, edging up from Thursday’s close at $70.48. KO has been confined to a narrow range as investors weigh the implications of a leadership shakeup that sets a CEO handover for March in motion.
The timing is key as U.S. stocks have been volatile ahead of the long weekend, with funds shifting into defensive sectors such as consumer staples — favored for their reliability when uncertainty spikes. U.S. markets will be closed Monday in observance of Martin Luther King Jr. Day. 1
Coca-Cola revealed these updates in a Form 8-K, highlighting the introduction of a chief digital officer position and a transfer of certain duties from finance chief John Murphy. The filing also confirmed that Henrique Braun, the current chief operating officer, will take over as CEO on March 31. 2
In a company release, Coca-Cola announced that Sedef Salingan Sahin, head of its Eurasia and Middle East unit, will move into the new digital role reporting to Braun. “We believe our ongoing growth depends on understanding consumers even more deeply,” Braun said.
Coca-Cola shuffled its commercial leadership, shifting customer and commercial oversight from Murphy to chief marketing officer Manolo Arroyo amid a wider senior management shakeup. Murphy stays on as CFO. 3
Coca-Cola is reshuffling beyond the C-suite, creating two new market clusters to sharpen its focus on Asia, Africa, and the Middle East. Sanket Ray and Claudia Lorenzo will lead these new groups. Investor relations chief Robin Halpern will step up as Braun’s new chief of staff. 4
Separately, the Financial Times revealed that Coca-Cola has put on hold its attempt to sell Costa Coffee, following bids from private equity firms that failed to meet expectations. The sale process, which dragged on for months, is now paused. 5
This week, KO has trailed some consumer rivals on declines: the stock dropped 1.34% Thursday, while PepsiCo managed gains, per MarketWatch data. 6
Leadership changes alone won’t solve the immediate challenges around costs and demand. Coca-Cola cautioned that its results remain vulnerable to fluctuations in commodity prices, packaging, energy and transportation expenses, currency swings, supply-chain issues, and intensified competition, among other risks. 7
Investors are now turning their attention to the company’s fourth-quarter earnings call set for Feb. 10 at 8:30 a.m. ET. This will provide the first glimpse of how the incoming CEO plans to shape priorities for 2026. 8
Braun and Murphy are set for a 10 a.m. presentation at the CAGNY conference in Orlando on Feb. 17. PepsiCo and other industry peers will also be on the agenda, offering a fresh chance to gauge any changes in pricing, volumes, and spending.
