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For Immediate Release
December 22, 2008


Contact:
William Marmon
Vice President
(202) 416-6712
wmarmon@usasean.org

 

US-ASEAN Business Council Names Coca-Cola CEO Muhtar Kent as New Chairman of the Board

(Washington, DC) The US-ASEAN Business Council announced today the election of Muhtar Kent, President and CEO of The Coca-Cola Company, as new Chairman of the Council’s Board of Directors.


“I look forward to working with the US-ASEAN Business Council, which plays an important role in assisting American business in a vital part of the world,” said Kent.

ASEAN (Association of South East Nations) is an economic and political alliance of ten south-east Asia countries: Indonesia, Singapore, Thailand, Malaysia, Philippines, Brunei, Vietnam, Laos, Cambodia and Burma (Myanmar). The population of the combined ASEAN countries is over 500 million. US exports to ASEAN have grown steadily over the last 10 years reaching $60.5 billion in 2007, comparable to US exports to China and Japan and four times US exports to India.

The US-ASEAN Business Council is a trade association composed of approximately 100 US-based companies, formed in 1984, to support US interests in ASEAN. Matthew Daley, a former US State Department official, serves as President of the Council, which is based in Washington, DC, and has offices in five south-east Asia countries. Kent replaces Roderick Hills, who has been serving as Acting Chairman and head of the search committee. Mr. Hills was Chairman of the Council from 1985-1989.

Muhtar Kent, 56, joined Coca-Cola in 1978. In 1985, he was appointed General Manager of Coca-Cola Turkey and Central Asia. From 1989 to 1995 he served as president of the East Central Europe Division and Senior Vice President of Coca-Cola International. He left The Coca-Cola Company in 1999, to become CEO of Efes Beverage Group. Mr. Kent rejoined The Coca-Cola Company in 2005, and was elected President and Chief Operating officer of the Company in December 2008. He became CEO on July 1, 2008.

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The US-ASEAN Business Council and affiliates are dedicated to strengthening bilateral and US ASEAN relations and building strong economic and commercial ties. Members of the Council include Fortune 1000 companies in support of promoting trade, investment, and technology cooperation, advancing US ASEAN relations through strong participation in public-private partnerships, and committing to development and corporate social responsibility. The Council's members are represented in diverse industries, including aerospace, agribusiness, automobiles, computers and information technology, consumer goods, energy exploration and development, express delivery services, financial services, health care and pharmaceuticals, media & entertainment, mining, software, and telecommunications.

For information on the US-ASEAN Business Council or general information visit www.us-asean.org.