Coca-Cola Consolidated announces CFO Scott Anthony’s retirement and Matthew Blickley’s promotion effective April 1, 2025.
Quiver AI Summary
Coca-Cola Consolidated, Inc. announced the retirement of Executive Vice President and Chief Financial Officer Scott Anthony, effective March 31, 2025, after serving in the role since 2018. Matthew J. Blickley, currently Senior Vice President of Financial Planning and Chief Accounting Officer, will succeed him starting April 1, 2025, while continuing as Chief Accounting Officer. Blickley, a certified public accountant with a decade of experience at the company, will join the executive leadership team and report to President and COO Dave Katz. CEO J. Frank Harrison, III, praised Anthony's contributions to the company and highlighted the importance of succession planning. The company remains committed to its mission of serving its communities and delivering financial success.
Potential Positives
- The company has successfully planned for a smooth leadership transition by naming Matthew J. Blickley as the new CFO, ensuring continuity in financial leadership.
- Matthew J. Blickley's extensive experience within Coca-Cola Consolidated, including important roles since 2014, enhances confidence in his ability to drive financial success.
- Scott Anthony’s retirement contributes to a strategic succession plan, demonstrating the company's commitment to long-term stability and development of internal talent.
- The positive acknowledgment of Scott Anthony’s contributions highlights the company’s recognition of effective leadership, which may boost employee morale and stakeholder trust.
Potential Negatives
- Scott Anthony, the current CFO, has been with the company since 2018, and his unexpected retirement may raise concerns about leadership stability and potential disruption in financial operations moving forward.
- Matthew J. Blickley, while experienced, is being promoted from within and may face challenges in adapting to the role of CFO, leading to uncertainty regarding future financial performance and strategic initiatives.
FAQ
When is Scott Anthony retiring from Coca-Cola Consolidated?
Scott Anthony will retire effective March 31, 2025, after serving as CFO since 2018.
Who will succeed Scott Anthony as CFO?
Matthew J. Blickley will become the Executive Vice President and Chief Financial Officer on April 1, 2025.
What roles has Matthew J. Blickley held at Coca-Cola Consolidated?
Matthew J. Blickley has held various financial roles, including Senior Vice President, Financial Planning and Chief Accounting Officer.
What is Scott Anthony's legacy at Coca-Cola Consolidated?
Scott Anthony is recognized for his significant contributions to financial performance and strategic leadership during his tenure.
How long has Coca-Cola Consolidated been in operation?
Coca-Cola Consolidated has been committed to serving consumers for over 122 years, since its founding.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$COKE Hedge Fund Activity
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Full Release
CHARLOTTE, N.C., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Coca‑Cola Consolidated, Inc. (NASDAQ: COKE) announced today that Executive Vice President and Chief Financial Officer (CFO), Scott Anthony, will retire effective March 31, 2025. Mr. Anthony has served as the Company’s CFO since 2018.
The Company also announced that Matthew J. Blickley will assume the role of Executive Vice President and Chief Financial Officer, effective April 1, 2025. Mr. Blickey joined Coca‑Cola Consolidated in 2014 and currently serves as Senior Vice President, Financial Planning and Chief Accounting Officer. He will continue to serve as the Company’s Chief Accounting Officer following this change. During his tenure with the Company, Mr. Blickley has served in a variety of financial roles of increasing responsibility, including Corporate Controller. He is a certified public accountant and began his career with PricewaterhouseCoopers LLP. Mr. Blickley will serve on the Company’s executive leadership team and will report to Dave Katz, President and Chief Operating Officer.
“We are grateful for Scott’s significant contributions over the past six years,” said J. Frank Harrison, III, Chairman and Chief Executive Officer. “Scott’s deep experience within the Coca-Cola system and strategic leadership were instrumental in our ability to deliver the exceptional financial performance and strong stockholder returns we’ve achieved since 2019. His work in developing talent, evolving our financial systems and his partnership with our business leaders has been invaluable. I want to thank Scott for his commitment to the succession planning process, and we appreciate Scott staying engaged with the Company in a consultancy role following his retirement.”
“I am very pleased to have Matt Blickley succeed Scott as CFO, reflecting our depth of talent and careful succession planning,” said Dave Katz, President and Chief Operating Officer. “I’ve worked closely with Matt over the past decade, and I am confident he is the right leader to take on this important role and continue to deliver on our Purpose, culture and financial success.”
CONTACTS: | |
Brian K. Little (Media) | Scott Anthony (Investors) |
Vice President, Corporate Communications Officer | Executive Vice President & Chief Financial Officer |
(980) 378-5537 | (704) 557-4633 |
Brian.Little@cokeconsolidated.com | Scott.Anthony@cokeconsolidated.com |
About Coca-Cola Consolidated, Inc.
Headquartered in Charlotte, N.C., Coca‑Cola Consolidated (NASDAQ: COKE) is the largest Coca‑Cola bottler in the United States. We make, sell and distribute beverages of The Coca‑Cola Company and other partner companies in more than 300 brands and flavors across 14 states and the District of Columbia, to approximately 60 million consumers. For over 122 years, we have been deeply committed to the consumers, customers and communities we serve and passionate about the broad portfolio of beverages and services we offer. Our Purpose is to honor God in all we do, to serve others, to pursue excellence and to grow profitably.
More information about the Company is available at www.cokeconsolidated.com. Follow Coca‑Cola Consolidated on Facebook, X, Instagram and LinkedIn.
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