Richard M. Daley will retire from The Coca-Cola Board of Directors after eight years of service. The board announced Feb. 22 that Daley will not stand for re-election at the company’s annual meeting in April.
Daley has been a Coca-Cola director since 2011. He served as mayor of Chicago from 1989 to 2011. Daley currently serves as executive chairman of Tur Partners LLC, an investment and advisory firm focusing on sustainable solutions within the urban environment, and is of counsel at Katten Muchin Rosenman LLP, a full-service law firm.
“I’ve had the honor and pleasure of working with Richard Daley for many years, and I thank him for his valuable contributions to our company and system,” said Chairman Muhtar Kent.
With Daley’s retirement, the Atlanta-based Coca-Cola board will have 13 members, pending director elections at the annual meeting.
The Coca-Cola Co. offers more than 500 brands in more than 200 countries and territories. In addition to the company’s Coca-Cola brands, its portfolio includes some of the world’s most valuable beverage brands, such as AdeS soy-based beverages, Ayataka green tea, Costa coffee, Dasani waters, Del Valle juices and nectars, Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea, innocent smoothies and juices, Minute Maid juices, Powerade sports drinks, Simply juices, smartwater, Sprite, vitaminwater and ZICO coconut water.