Coca cola’s outgoing chairman Muhtar Kent will be intending his retirement in a time if he sees conducting an industry becoming a far more difficult endeavor. Kent functioned as chairman and CEO of their drink company.
“I think running an international company is becoming tougher, it is becoming harder. Not merely the global competition, but likewise the sociopolitical dynamics across the globe are getting it harder, using greater unknowns, more volatility — constant volatility,” Kent told CNBC’s Sara Eisen in an interview for “Closing Bell.”
He listed Brexit, the U.S. trade wars and the decreasing value of emerging market monies as several examples of political doubt. But he does not believe that volatility will probably evaporate after the U.K. leaves the European Union and the U.S. strikes a trade deal with China.
In addition, he termed two sources of anxiety for many CEOs Even though longer volatility is seen by him for a struggle for leaders of businesses.
Coke announced that Kent would retire at 2019, ending a career in the company.
He was changed by current CEO James Quincey. Kent will pass following the provider’s annual meeting in April to Quincey, his successor, even the reins as chairman following calendar year.
“I think if there are a few things which stress a CEO now and give them sleepless nights, you are the worldwide war for talent and another one is digitization,” he explained.
“That’s the world we are living at, and that’s going to be around here to stay,” he explained.