Coca-Cola Consolidated CFO Scott Anthony to Retire, Company Names Matt Blickley as New CFO

Rhea-AI Summary

Coca-Cola Consolidated (NASDAQ: COKE) announced that Executive Vice President and CFO Scott Anthony will retire 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 assume the position of Executive Vice President and CFO on April 1, 2025.

Blickley, who joined the company in 2014, will maintain his role as Chief Accounting Officer and report to Dave Katz, President and Chief Operating Officer. His background includes various financial roles within the company, including Corporate Controller, and he previously worked at PricewaterhouseCoopers LLP.

CEO J. Frank Harrison III credited Anthony's strategic leadership for the company's exceptional financial performance and strong stockholder returns since 2019. Anthony will continue to serve the company in a consultancy role following his retirement.

Positive

• Smooth leadership transition with internal promotion indicates strong succession planning
• Retention of retiring CFO as consultant ensures continuity
• New CFO has extensive company experience and professional credentials

Negative

• None.

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.

FAQ

When will Scott Anthony retire as CFO of Coca-Cola Consolidated (COKE)?

Scott Anthony will retire as CFO of Coca-Cola Consolidated effective March 31, 2025.

Who will be the new CFO of Coca-Cola Consolidated (COKE)?

Matthew J. Blickley will become the new Executive Vice President and CFO of Coca-Cola Consolidated, effective April 1, 2025.

What is Matthew Blickley's current role at Coca-Cola Consolidated (COKE)?

Matthew Blickley currently serves as Senior Vice President, Financial Planning and Chief Accounting Officer at Coca-Cola Consolidated.

How long has Scott Anthony served as CFO of Coca-Cola Consolidated (COKE)?

Scott Anthony has served as CFO of Coca-Cola Consolidated since 2018, approximately 6 years.

Will Matthew Blickley maintain his role as Chief Accounting Officer at COKE after becoming CFO?

Yes, Matthew Blickley will continue to serve as the Company's Chief Accounting Officer following his promotion to CFO.