The Coca-Cola Co (NYSE: KO) board has declared a quarterly dividend and announced Amity Millhiser has been nominated to stand for election to the board.
Amity Millhiser
The Board of Directors of The Coca-Cola Co (NYSE: KO) announced that business leader Amity Millhiser has been nominated to stand for election to the board at the company’s Annual Meeting of Shareowners in April. And if elected by shareowners, she will begin her service as a Coca-Cola director effective July 1, following her retirement from PricewaterhouseCoopers LLP on June 30.
Millhiser is a partner and Vice Chair at PwC where she serves as a senior counsel for clients ranging from high-growth startups to market-leading multinationals. And she was formerly the Chief Clients Officer and a member of PwC’s U.S. Leadership Team where she was responsible for overseeing key client relationships and driving growth through PwC’s 15-plus industries and 90-plus U.S. markets.
Millhiser founded the firm’s Switzerland-based Transaction Services Practice, a Center of Excellence for U.S./European cross-border deals, and served as the Market Managing Partner of PwC’s Silicon Valley practice. And she has deep transaction experience that includes acquisitions, divestitures, capital market transactions and IPOs and has been one of the U.S. firm’s leading advisers on digital and emerging technologies as well as digital and organizational transformations.
Millhiser has been a vocal advocate for women in leadership. And she was recognized as one of the National Diversity Council’s Top 50 Most Powerful Women in Technology in 2015 and one of Silicon Valley’s Women of Influence in 2012.
She is expected to be a member of the board’s audit committee. The addition of one director would expand Coca-Cola’s board to 13 members.
Dividend Increase
The company also announced its 61st consecutive annual dividend increase, raising the quarterly dividend by approximately 4.6% from 44 cents to 46 cents per common share. And the quarterly dividend is equivalent to an annual dividend of $1.84 per share, up from $1.76 per share in 2022. The first quarter dividend is payable on April 3 to shareowners of record as of March 17.
The company returned $7.6 billion in dividends to shareowners in 2022, bringing the total amount of dividends paid to shareowners since Jan. 1, 2010, to $76.8 billion.
source:pulse
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