Kimberly Green Reynolds has been named Chief Procurement Officer for Coca-Cola Bottlers’ Sales & Services Company (CCBSS) effective October 30, 2023, reporting to Brandi Shortt, CCBSS President and CEO. Kimberly will have further accountability to the Bottler Procurement Advisory Committee and the CCBSS Board of Directors.

As Chief Procurement Officer, Kimberly will lead the CCBSS Procurement organization and will be responsible for ensuring the function’s goal attainment. She will collaborate with leaders across the North America Coca-Cola Bottling System, Coca-Cola North America Operating Unit (NAOU), and suppliers in order to serve the organization’s customers in the areas of value creation and risk mitigation while delivering a competitive advantage.

Kimberly brings a wide range of expertise and business acumen to her new role. Most recently, she served as the Sr. Director, Ingredients and Commodity Risk Management for CCBSS Procurement, directing strategic sourcing, managing a portfolio of categories including beverage gases, sweeteners, and commodity insights. Kimberly has held management roles in CCBSS Procurement since becoming a part of the team in 2016.

Prior to joining the Coca-Cola System, Kimberly built an impressive 15-year career working in the areas of procurement and business transformation. Most currently before CCBSS, she held leadership roles with Archer Daniels Midland Company and Diageo.

With more than 20 years of operations and supply chain leadership experience, Kimberly is widely recognized for her extensive knowledge and capability in the areas of strategic business management, proficiency building, and integration initiatives. Her appointment represents the company’s deliberate focus on developing talent and helping to make it easier to do business in the Coca-Cola System. Kimberly believes in creating and maintaining operational partnerships which generate significant value and sustained success. A highly versatile leader, she has excelled at managing high-performance teams and has a demonstrated track record of transformative results.

Kimberly received an Executive MBA from the University of Connecticut and holds a BS in Agricultural Education from Clemson University.

Coca-Cola Bottlers’ Sales & Services Company (CCBSS) recently concluded their annual Back to School Supply Drive. This effort spans three states: Georgia, Florida, and Oklahoma. CCBSS provided over 200 backpacks to students in need and an ample reserve of supplies that will serve as a repository throughout the school year. In Oklahoma alone, the company’s donations were able to contribute to over 6,000 people served.

“CCBSS firmly upholds the principle of giving back to the communities where we reside and operate. Education forms a foundational pillar for CCBSS, and we are committed to supporting it wholeheartedly. Particularly in times of economic uncertainty, we recognize the critical importance of equipping students in under-resourced communities with the necessary tools and supplies to help them achieve success,” commented Caitlyn Carr, Senior Vice President, CCBSS Business Services. 

Throughout the years, CCBSS has donated thousands of backpacks and countless supplies, actively assisting in preparing students for successful academic journeys.

CCBSS regularly partners with a variety of non-profit organizations and programs aimed at providing students in underserved communities an equal opportunity.

$137.7 Million Fund to Focus on Key Investments in Packaging, Decarbonization and Other Initiatives with the Potential to Reduce the Coca‑Cola System’s Carbon Footprint

ATLANTA, July 12, 2023 – The Coca‑Cola Company and eight bottling partners from around the world today announced the closing of a new, $137.7 million venture capital fund focusing on sustainability investments.

Greycroft, a seed-to-growth venture capital firm, will manage the Greycroft Coca‑Cola System Sustainability Fund. The fund is the first of its kind for Greycroft, which invests in enterprise and consumer solutions across life cycles and industries.

The Coca‑Cola system’s carbon footprint is a major priority for the fund, so it will focus on five key areas with the most potential impact to start:

   • Packaging
   • Heating and cooling
   • Facility decarbonization
   • Distribution
   • Supply chain

“This fund offers an opportunity to pioneer innovative solutions and help scale them quickly within the Coca‑Cola system and across the industry,” said John Murphy, President and Chief Financial Officer of The Coca‑Cola Company. “We expect to benefit from getting access to emerging technology and science for sustainability and carbon reduction.”

The fund will seek to invest in companies at the point of commercialization. For Greycroft, partnering with the Coca‑Cola system presents an attractive opportunity to help scale innovations alongside some of the top bottling operations in the world.

“The market for sustainable supply chain and manufacturing technology has continued to grow as consumer brands rise to meet the demands of environmentally conscious customers,” said Dana Settle, Greycroft Co-Founder and Managing Partner. “Greycroft has an ‘invest anywhere’ approach that we believe allows us to identify promising startups with climate tech solutions ready to scale.”

Participants Across the World

The fund’s $137.7 million in capital comes primarily from $15 million of committed capital from each of the following companies:

   • The Coca‑Cola Company
   • Arca Continental
   • Coca‑Cola Bottling Co. UNITED
   • Coca‑Cola Consolidated
   • Coca‑Cola Europacific Partners
   • Coca‑Cola FEMSA
   • Coca‑Cola HBC
   • Reyes Coca‑Cola Bottling
   • Swire Coca‑Cola

Together, these bottlers represent nearly half of Coca‑Cola system volume around the world.

The system has a long history of investment in sustainability-focused projects that continue to make a difference in issues of global importance. For example:

 • In Latin America, The Coca‑Cola Company and Arca Continental have invested in leading recycled PET processing company
   PetStar; Coca‑Cola FEMSA has invested in IMER and a high-tech PET recycling plant, PLANETA.
 • In the Philippines, Coca‑Cola Beverages Philippines and Indorama Ventures invested in PETValue, the largest PET recycling
   plant in the country.
 • In Indonesia, Coca‑Cola Europacific Partners and Dynapack invested in the Amandina PET recycled content production facility;
   in Australia, as part of a cross-industry partnership with Cleanaway, Asahi Beverages and Pact Group, CCEP has invested in PET
   plastic recycling and production facilities.
 • In Europe, The Coca‑Cola Company provided Ioniqa with a loan to help develop technology to transform mixed-color, partly
   contaminated PET waste into clear, food-grade PET. 
 • CCEP, through CCEP Ventures, has invested in recycling start-up CuRe Technology, which uses polyester rejuvenation to target
   plastics that cannot be recycled by mechanical recycling methods and prevents them from being incinerated, downcycled or
   sent to landfill.
 • Coca‑Cola HBC has invested in in-house rPET production in Italy, Poland and Romania, while implementing a transition to 100%
   rPET portfolios in Switzerland, Italy and Austria. Similar transitions in Romania and the Island of Ireland are planned for later
   this year.
 • Several system bottlers have issued green bonds, including Arca Continental, Coca‑Cola FEMSA and Coca‑Cola HBC.
 • Swire Coca‑Cola has invested in establishing the first food-grade ready plastic recycling facility in Hong Kong.

Learn more about sustainability at The Coca‑Cola Company at https://www.coca-colacompany.com/reports/business-and-sustainability-report.

About The Coca‑Cola Company

The Coca‑Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes Coca‑Cola, Sprite and Fanta. Our water, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak and Ayataka. Our juice, value-added dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Instagram, Facebook and LinkedIn.

About Greycroft

Greycroft is a seed-to-growth venture capital firm that partners with entrepreneurs of all backgrounds to build category-defining companies. We have deep experience investing in consumer, enterprise, health tech, and fintech sectors around the globe and work as a team to support and advise entrepreneurs, empowering them to execute on their visions. Greycroft has raised over $3 billion in capital and has made over 400 investments since inception. For more information, please visit https://www.greycroft.com.

This press release may contain statements, estimates or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause The Coca‑Cola Company’s actual results to differ materially from its historical experience and our present expectations or projections. These risks include, but are not limited to, unfavorable economic and geopolitical conditions, including the direct or indirect negative impacts of the conflict between Russia and Ukraine; increased competition; an inability to be successful in our innovation activities; changes in the retail landscape or the loss of key retail or foodservice customers; an inability to expand our business in emerging and developing markets; an inability to successfully manage the potential negative consequences of our productivity initiatives; an inability to attract or retain a highly skilled and diverse workforce; disruption of our supply chain, including increased commodity, raw material, packaging, energy, transportation and other input costs; the negative impacts of, and continuing uncertainties associated with the scope, severity and duration of the global COVID-19 pandemic and the substance and pace of the post-pandemic economic recovery; an inability to successfully integrate and manage our acquired businesses, brands or bottling operations or an inability to realize a significant portion of the anticipated benefits of our joint ventures or strategic relationships; failure by our thirdparty service providers and business partners to satisfactorily fulfill their commitments and responsibilities; an inability to renew collective bargaining agreements on satisfactory terms, or we or our bottling partners experience strikes, work stoppages, labor shortages or labor unrest; obesity and other health-related concerns; evolving consumer product and shopping preferences; product safety and quality concerns; perceived negative health consequences of certain ingredients, such as non-nutritive sweeteners and biotechnology-derived substances, and of other substances present in our beverage products or packaging materials; failure to digitalize the Coca‑Cola system; damage to our brand image, corporate reputation and social license to operate from negative publicity, whether or not warranted, concerning product safety or quality, workplace and human rights, obesity or other issues; an inability to successfully manage new product launches; an inability to maintain good relationships with our bottling partners; deterioration in our bottling partners’ financial condition; an inability to successfully manage our refranchising activities; increases in income tax rates, changes in income tax laws or the unfavorable resolution of tax matters, including the outcome of our ongoing tax dispute or any related disputes with the U.S. Internal Revenue Service (“IRS”); the possibility that the assumptions used to calculate our estimated aggregate incremental tax and interest liability related to the potential unfavorable outcome of the ongoing tax dispute with the IRS could significantly change; increased or new indirect taxes; changes in laws and regulations relating to beverage containers and packaging; significant additional labeling or warning requirements or limitations on the marketing or sale of our products; litigation or legal proceedings; conducting business in markets with high-risk legal compliance environments; failure to adequately protect, or disputes relating to, trademarks, formulas and other intellectual property rights; changes in, or failure to comply with, the laws and regulations applicable to our products or our business operations; fluctuations in foreign currency exchange rates; interest rate increases; an inability to achieve our overall long-term growth objectives; default by or failure of one or more of our counterparty financial institutions; impairment charges; an inability to protect our information systems against service interruption, misappropriation of data or cybersecurity incidents; failure to comply with privacy and data protection laws; failure to achieve our sustainability goals and targets or accurately report our progress due to operational, financial, legal and other risks, many of which are outside our control and are dependent on the actions of our bottling partners and other third parties; increasing concerns about the environmental impact of plastic bottles and other packaging materials; water scarcity and poor quality; increased demand for food products, decreased agricultural productivity and increased regulation of ingredient sourcing due diligence; climate change and legal or regulatory responses thereto; adverse weather conditions; and other risks discussed in our filings with the Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2022 and our subsequently filed quarterly reports, which filings are available from the SEC. You should not place undue reliance on forwardlooking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward-looking statements.

ATLANTA, June 26, 2023 – Coca-Cola Bottlers’ Sales & Services Company (CCBSS), a limited liability company owned by nearly 70 independent Coca-Cola bottlers, was recently awarded the dotONE Pioneer Award for Automation Excellence during HighRadius Corporation’s annual Radiance conference!

The award recognizes CCBSS’ transformational results in driving productivity through the automation of manual order-to-cash processes and redirecting resources to more strategic activities. In addition, it reflects the enormous efforts of the entire CCBSS team as they continue to implement innovative technology.

To date, these automations have resulted in significant productivity and efficiency gains for the organization. CCBSS strongly believes in building a culture of innovation. This award highlights the company’s passion of successfully implementing new strategic ideas.

Coca-Cola Bottlers’ Sales & Services Company (CCBSS), a limited liability company owned by nearly 70 independent Coca-Cola bottlers, recently opened a new office at 8125 Highwoods Palm Way, Tampa, Florida, to accommodate collaboration and cultural engagement.

In addition to the corporate headquarters in Atlanta, Georgia, the new office space in Tampa supports the company’s operational strategy of innovation and sustainability. This development is a strong testament of the Coca-Cola System’s commitment to US-based shared service operations. The newest CCBSS office is an upgrade from its previous location to a modern, collaborative, and vibrant workplace home for its Florida-based associates.

“To better support our ways of working together in CCBSS, we opened a location that allows greater opportunity for a collaborative interdisciplinary team approach via an open office construct,” explained Brandi Shortt, CCBSS President and CEO. “The decision to move our presence in Tampa was an important step in our business strategy.”

The new CCBSS Tampa office is conveniently located on the I-75 corridor and is surrounded by a number of amenities for the company’s associates to enjoy. 

CCBSS Procurement embodies our Leadership Behavior of Engage & Inspire Growth by proactively looking for new innovative sustainable solutions. Janetta Lavender, CCBSS Senior Director of Procurement, and John Kocinski, CCBSS Director of Procurement, work diligently to support The Coca-Cola System’s sustainability mission. One of the team’s efforts recently came into fruition when Liberty Coca-Cola Beverages became the first US-based bottler to have KeelClip™ 1600 machinery in their Elmsford, NY production facility. This equipment installs fiber-based paper fasteners on six-packs instead of plastic rings.

CCBSS was proud to partner with Liberty Coca-Cola as well as various stakeholders to be part of a positive solution that will remove 75,000 pounds of plastic packaging yearly from the supply chain.

This is just one of the many solutions CCBSS is bringing forward. “We expect to see more bottlers and suppliers coming out with innovative ways of doing things throughout the years to come.” John Kocinski explained, “There is no idea that CCBSS Procurement turns away. When reviewing a new solution, we carefully analyze the cost, technical capital, value, and the package as a whole.” The KeelClip™1600 machinery implementation was a large-scale project that took a lot of time and effort to complete, but its success is a big step towards a sustainable future.

“As part of CCBSS Procurement, we act as a link between suppliers with new ideas and our bottlers to implement these ideas,” advised Janetta Lavender. Being innovative is ingrained in the CCBSS culture. We believe in serving as a single, forward-thinking voice to our bottlers and consistently collaborating as one CCBSS family.

Coca-Cola Bottlers’ Sales & Services Company (CCBSS), a limited liability company owned by nearly 70 independent Coca-Cola bottlers, recently concluded their annual Back-to-School Supply Drive. The CCBSS team donated essential supplies to students in the company’s primary cities of operation, Atlanta, Tampa, and Tulsa.

In a campaign that ran for two weeks, employees across CCBSS generously contributed essential items to students and families experiencing hardship. Collectively, CCBSS gave away more than 200 backpacks and nearly $4,000 worth of school supplies to help ensure that local students have the items they need to aid in their success this year.

“At CCBSS we believe in supporting our communities where we live and work. Education is one of the corporate social responsibility pillars upon which CCBSS stands. Providing students in under-resourced communities with the tools and supplies they need to be successful and feel confident in school is crucial now more than ever,” said Caitlyn Carr, CCBSS Senior Vice President, Business Services. “I am proud that CCBSS and our employees can make a difference in our communities by helping kids get off to a great start as they begin a new school year.”

The company’s annual school supply drive represents just one more way in which CCBSS gives back to the communities they serve. Throughout the year, CCBSS partners with various non-profit organizations with the goal of providing students in underserved communities opportunities and resources. CCBSS has a long tradition of supporting communities in Atlanta, Tampa, and Tulsa. In addition to encouraging its employees to volunteer in the community, CCBSS team members are given time off during the regular business day each quarter for volunteer activities.

With a drive for excellence, Mark Dunkerely’s achievements landed him on Security magazine’s key professionals list as a 2022 Top Cybersecurity Leader! Mark Dunkerely, CCBSS Director in IT Architecture and Cybersecurity, was recognized for his extensive career and success in cybersecurity.

The Top Cybersecurity Leaders program features enterprise information security executives and professionals, with an aim to inspire the next generation of cybersecurity professionals through their stories. Mark inspired readers with his various stories of success. He discussed his early years, where he played soccer at a competitive level and won a Division II NCAA national championship. Following this accomplishment, he earned a master’s degree in business and later joined the Coca-Cola System in 2015.

As a Director in the CCBSS IT organization, Mark is responsible for delivering secure technology solutions and services for the company, along with overseeing new technologies, processes, and procedures, consistently identifying risks. Additionally, Mark is a published author. In his latest book, “Mastering Windows Security and Hardening,” he details how to gain expertise when implementing efficient security measures and how to create robust defense solutions.

Mark is the epitome of a high achiever, consistently working to improve his skillset and further protect CCBSS’ IT platforms. Congratulations, Mark on this prestigious achievement!

CCBSS’ Procurement organization was a finalist in the 2021 Plastics Industry Awards for the Supplier Partnership – Toolmaker category. This award recognizes companies that supply goods and services to plastics processors, and it examines the work they do during and after the life of a project in a sustainable manner. The CCBSS Procurement team has worked diligently to increase closure supply capacity and overall single-serve PET production across the North America supply network. This finalist trophy recognizes the outstandingly innovative work CCBSS Procurement does in the sustainability space!

Coca-Cola Bottlers’ Sales & Services Company (CCBSS), a limited liability company owned by nearly 70 independent Coca-Cola bottlers, announced today that Bill O’Brien, Chief Executive Officer (CEO) for Reyes Coca-Cola Bottling (RCCB), has been elected chairman of its board of directors succeeding Mark Schortman, former CEO of Coca-Cola Southwest Beverages (CCSWB), who has retired with 16 years of distinguished board leadership to CCBSS.

“I feel honored to have Bill lead our board of directors. He brings an incredible depth and breadth of Coca-Cola System, beverage industry and bottler experience, gained over more than three decades,” said CCBSS President and CEO Brandi Shortt. “Bill’s wisdom and expertise will be invaluable as we look toward the future and how we can continue to evolve both the Coca-Cola System bottler and CCBSS associate experience.”

Since 2017, Bill has served as CEO for RCCB, a proud West Coast bottler and distributor of Coca-Cola products operating in California and Nevada. The organization employs more than 6,000 people and operates 30 facilities.

During his more than 30-year career within the Coca-Cola System, Bill has served as president and general manager of the West Operating Unit of Coca-Cola Refreshments (CCR); vice president and general manager of CCR’s West Region; senior vice president and general manager of On-Premise Operations for Coca-Cola North America Operating Unit (NAOU); senior vice president of Commercial Leadership for NAOU’s Still Beverage Business Unit; West Region vice president for NAOU Retail; vice president of Sales Operations for the NAOU Food Service division; and vice president of Sales for the West Group of Coca-Cola Food Service.

As an active member of his community, Bill volunteers with organizations such as Special Olympics Southern California. He also serves as a board member of the American Beverage Association and LA84 Foundation and as an advisory board member of the Los Angeles Sports & Entertainment Commission.

“I couldn’t begin to thank Mark enough for everything he has done for CCBSS. Since 2005, we’ve been fortunate to be able to leverage his brilliance allowing us to make the right decisions at the right time, materializing the company we are today,” explained Brandi. “As we ready for what’s next, Bill’s unique vision and knowledge arrives at the perfect time for CCBSS. He will guide us as we make key strategic decisions for the road ahead.”

Under its current governance, CCBSS board chairpersons serve two terms.