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Coca-Cola Board of Directors elects corporate officer, declares quarterly dividend

Coca-Cola
Saadia Madsbjerg (Photo: Business Wire)

ATLANTA, US – The Coca-Cola Company today declared a dividend of 42 cents per common share. The dividend is payable Oct. 1, 2021, to shareowners of record of the company as of the close of business on Sept. 15, 2021. The board also announced the election of Saadia Madsbjerg as a corporate vice president. The company previously announced Madsbjerg as Vice President of Global Community Affairs for The Coca-Cola Company and President of The Coca-Cola Foundation.

Madsbjerg joined the company June 1. She manages operations of the Foundation, which includes grant making, financial requirements and regulatory compliance for domestic and international philanthropy.

Madsbjerg is a former managing director of The Rockefeller Foundation, where she led efforts to seed-fund the development and launch of new financial instruments and partnerships designed to channel money from capital markets toward sustainable development.

Before joining The Rockefeller Foundation, Madsbjerg was senior vice president for strategic planning at the New York City Economic Development Corp. She led a portfolio of projects focused on transformative opportunities for creating a more equitable and resilient economy.

Madsbjerg also previously worked in the technology sector at Cisco Systems, advising Fortune 500 companies and public sector institutions on how innovative technology could help create new business models and address critical challenges, such as social and economic challenges caused by an aging society.

Prior to Cisco, Madsbjerg was an associate principal at McKinsey & Co., where she advised multinational companies on corporate strategy.

Madsbjerg is the coauthor of Making Money Moral. She earned bachelor’s and master’s degrees from Copenhagen Business School.

Madsbjerg reports to Bea Perez, Senior Vice President and Chief Communications, Sustainability & Strategic Partnerships Officer.