The Board of Directors of The Coca-Cola Company today announced that business leader Amity Millhiser has been nominated to stand for election to the board at the company’s Annual Meeting of Shareowners in April.
If elected by shareowners, she will begin her service as a Coca-Cola director effective July 1, following her retirement from PricewaterhouseCoopers LLP on June 30.
The company also announced its 61st consecutive annual dividend increase, raising the quarterly dividend approximately 4.6 percent from 44 cents to 46 cents per common share.
About Amity Millhiser
Millhiser, 59, is a partner and Vice Chair at PwC, where she serves as a senior counsel for clients ranging from high-growth startups to market-leading multinationals. She was formerly the Chief Clients Officer and a member of PwC’s U.S. Leadership Team, where she was responsible for overseeing key client relationships and driving growth through PwC’s 15-plus industries and 90-plus U.S. markets.
Millhiser founded the firm’s Switzerland-based Transaction Services Practice, a Center of Excellence for U.S./European cross-border deals, and served as the Market Managing Partner of PwC’s Silicon Valley practice. She has deep transaction experience that includes acquisitions, divestitures, capital market transactions and IPOs and has been one of the U.S. firm’s leading advisers on digital and emerging technologies as well as digital and organizational transformations.
Millhiser is a vocal advocate for women in leadership. She was recognized as one of the National Diversity Council’s Top 50 Most Powerful Women in Technology in 2015 and one of Silicon Valley’s Women of Influence in 2012.
Millhiser is a graduate of the University of California at Berkeley.
She is expected to be a member of the board’s audit committee. The addition of one director would expand Coca-Cola’s board to 13 members.
The Board of Directors also approved raising the quarterly dividend approximately 4.6 percent from 44 cents to 46 cents per common share.
The quarterly dividend is equivalent to an annual dividend of $1.84 per share, up from $1.76 per share in 2022. The first quarter dividend is payable April 3 to shareowners of record as of March 17.
The company returned $7.6 billion in dividends to shareowners in 2022, bringing the total amount of dividends paid to shareowners since Jan. 1, 2010, to $76.8 billion.