Coca-Cola CFO Gary Fayard To Retire; Kathy Waller Named Successor

(RTTNews) - Coca-Cola Co. (KO) said Thursday that Executive Vice President and Chief Financial Officer Gary Fayard will retire in May, after 20 years of service with the company.

Fayard, 62, joined Coca-Cola in 1994 as Vice President and Controller and was promoted in 1999 to Senior Vice President and CFO. In 2003, Fayard was promoted to his current role of Executive Vice President and CFO. Prior to joining Coca-Cola, Fayard served 19 years with Ernst & Young .

Coca-Cola has named Kathy Waller to succeed Fayard in the role of Chief Financial Officer. She will be elected CFO at the company's April board meeting.

Waller, 55, currently serves as Vice President, Finance and Controller. She joined the company in 1987 as a senior accountant in the Accounting Research Department and soon became principal accountant for the Northeast Europe/Africa Group, followed by Marketing Controller for the McDonald's Group. Since then, she has taken on a number of roles of increasing responsibility, including financial services manager for The Minute Maid Company and Corporate Director of Financial Reporting. In 2004, Waller was named Vice President and Chief of Internal Audit, managing worldwide internal audit processes, with key responsibilities for the Company's compliance with Sarbanes-Oxley requirements and corporate governance matters.

In 2009, Waller was named Vice President and Controller, a role that was expanded in 2013 to Vice President, Finance and Controller.