Coca Cola (NYSE:KO) has elected Ana Botin to be the newest member of its Board of Directors. Botin is currently acting as CEO for British personal finance firm Santander UK plc, and her appointment on Coca Cola's Board will be effective immediately.
Prior to her Coca Cola appointment, Botin has received international recognition for her work within the banking industry. She established Santander's International Corporate Banking business in Latin America, headed investment and corporate strategies at JP Morgan in New York, and acted as Executive Chairman for the Banco Espanol de Credito, S.A. in Spain. Botin is also a founding member of the "Teach for America" network, the EmpiezaPorEducar.
Muhtar Kent, Coke's Chairman and CEO, is thrilled to bring Botin's "international perspective and high level of financial expertise" onto the company's Board of Directors. "Her knowledge of global macroeconomic issues, experience as an entrepreneur and commitment to sustainable communities will be invaluable as we continue to grow and develop our business around the world," he said.