Gehring Takes Reins at Coca-Cola's North America Unit Amid Economic Pressures
The Coca-Cola Company has announced that Monster Beverage executive Rob Gehring will lead its North American operations starting December 1. Gehring currently serves as head of Monster Energy's Americas business and has a background in leading beverage companies, having previously served as CEO of Swire Coca-Cola USA.
Gehring will take over during a time when Coca-Cola is working to sustain revenue growth despite economic pressures. The company generated a 7% rise in second-quarter net sales, supported by a 3% volume increase in North America.
The leadership shift pairs Coca-Cola with an executive from a rapidly growing sector, as Monster Beverage reported a 20% surge in net sales during its second quarter.