Coca-Cola investor leaves board

COCA-COLA said billionaire investor Warren Buffett, the soft-drink maker’s largest shareholder, is to leave the board after 17 years.

Coca-Cola investor leaves board
Wed, 15 Feb, 2006 - 00:00
Mary Jane Credeur

Mr Buffett wants to spend more time managing Berkshire Hathaway Inc, Atlanta-based Coca-Cola said.

Berkshire holds an 8.4% stake worth $8 billion (€6.72bn) and will continue as a shareholder. Mr Buffett joined the board in 1989 and his term expires on April 19.

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CourtsPlace: AtlantaPlace: Greenwood, South CarolinaPerson: Warren BuffettPerson: BuffettPerson: Walter ToddOrganisation: Coca-ColaOrganisation: Berkshire Hathaway IncOrganisation: BerkshireOrganisation: GatoradeOrganisation: Greenwood Capital IncOrganisation: CokeOrganisation: Washington Post CoOrganisation: Gillette CoOrganisation: Salomon IncOrganisation: QuakerOrganisation: PepsiCo
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