Isdell will remain chairman of the board until the company's annual meeting in April 2009.
"We have accomplished a great deal in the last three and a half years, and I recognize my responsibilities - to the company and to Muhtar - remain unfinished until Muhtar is successfully launched as CEO," Neville Isdell said in a statement. "Management succession is the key final measure of any CEO's success, and I will do all I can to ensure our progress is secure for many years ahead."
Kent first joined Coca-Cola in 1978 and served in a variety of positions until 1998, when he left to become president and CEO of Efes Beverage Group, one of Europe's largest international beverage businesses. He returned to Coca-Cola in May 2005 as president of the North Asia, Eurasia and Middle East Group. He was named president of Coca-Cola International in January 2006 and appointed president and chief operating officer of the company in December 2006.
As COO, Kent has overseen a number of significant initiatives, including the acquisition of glaceau earlier this year. He will continue to hold the title of president.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year