ATLANTA, USA – The Board of Directors of The Coca‑Cola Company today announced the election of a new corporate officer, along with declaring the company’s regular quarterly dividend. Carlos Pagoaga has been elected as a vice president of the company. Pagoaga serves as Vice President of Global Community Affairs and President of The Coca‑Cola Foundation.
Pagoaga’s new role with Global Community Affairs and the Foundation was announced in May, and he began his duties June 1.
Pagoaga manages all Foundation operations, which includes grant making; financial requirements; and regulatory compliance for domestic and international philanthropy.
He previously served as the Foundation’s Senior Director, circular economy, where he was responsible for directing global recycling initiatives.
Pagoaga joined the Foundation in 2007 and has been responsible for a wide variety of duties. He has directed multiple large grants, such as for the Replenish Africa Initiative, Project Last Mile and Atlanta Beltline.
He joined Coca‑Cola in 1990 in Corporate Latin Affairs, where he managed relationships with Latino organizations and elected officials across the United States. He later moved to the company’s North America unit, where he managed multicultural communications.
Pagoaga earned a bachelor of business administration degree in marketing and an MBA, both from Georgia State University in Atlanta.
Coca‑Cola: Quarterly dividend
The company declared a regular quarterly dividend of 48.5 cents per common share, payable Oct. 1 to shareowners of record of the company as of the close of business Sept. 13.
