Douglas Ivester

Douglas Ivester (born 1947) is an American businessman. He served as the chairman and chief executive officer of The Coca-Cola Company from 1997 to 2000.[1]

Douglas Ivester
Born1947
New Holland, Georgia, U.S.
EducationUniversity of Georgia
Known forchairman & CEO of The Coca-Cola Company (1997–2000)

Early life

Melvin Douglas Ivester was born in 1947 in New Holland, Georgia. He attended New Holland Elementary School, where he met Kay Grindle in the third grade. He grew up to marry her. He attended North Hall High School and went on to the University of Georgia, where he earned a degree in accounting, graduating with honors in 1969.

Career

Ivester began his career with the accounting firm of Ernst and Ernst.

In 1979, Ivester joined Coca-Cola as assistant controller and director of corporate auditing, and in 1981 he became the youngest vice president in the company's history. Two years later he was elected senior vice president of finance, and in 1985 he was elected CFO at the age of 37. Ivester was elected chairman of the board and chief executive officer of The Coca-Cola Company on October 23, 1997. He retired from The Coca-Cola Company in 2000.[2] Ivester received a retirement package estimated to be worth $166 million.[3] Ivester received the FIFA Order of Merit in 1996.[4]

Ivester serves on the board of director of SunTrust Banks.[5]

In 1996 Ivester was honored with an Edison Achievement Award for his commitment to innovation throughout his career.

Philanthropy

Ivester contributes to the University of Georgia through a program called Deer Run Fellows.[2]

References
  1. Hays, Constance L (18 February 2000). "Transition in the Chief Executive Post at Coca-Cola Comes Early". The New York Times. Retrieved 31 January 2011.
  2. "Deer Run Fellows". uga.edu.
  3. Balsam, Steven. An Introduction to Executive Compensation, Academic Press, 2002, p. 271. Retrieved 1 October 2015
  4. "Anniversary with nine FIFA Order of Merit Awards". FIFA. August 8, 1996. Retrieved April 6, 2018.
  5. "Board of Directors". SunTrust Bank. Retrieved April 6, 2018.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.