Coca-Cola Co. told employees in a memo today that worldwide marketing chief Sergio Zyman will resign effective May 1 and be succeeded by 20-year company veteran Charles Frenette, a former U.S. Coke executive who currently heads Coca-Cola's Southern Africa division. The company said nothing about Mr. Zyman's future plans. Mr. Zyman's departure had been expected. Coca-Cola Chairman-CEO M. Douglas Ivester said Mr. Frenette will lead an increased local-marketing effort. It was unclear what impact the move might have on the company's agency line-up.
Copyright March 1998, Crain Communications Inc.