February 20, 2014 / 8:10 PM / 5 years ago

Coca-Cola CFO Gary Fayard to retire

(Reuters) - Coca-Cola Co (KO.N) said Chief Financial Officer Gary Fayard would retire in May after serving the company for more than 20 years.

Coca-Cola signage is pictured at a bottling plant near the Andalusian capital of Seville, southern Spain February 6, 2014. REUTERS/Marcelo del Pozo

Fayard will be replaced by vice president and controller Kathy Waller, who joined Coke in 1987 from Deloitte.

Coca-Cola said on Tuesday quarterly global sales volumes rose less than it estimated and fell in North America.

Coke’s shares were up 0.72 percent at $37.37 on the New York Stock Exchange on Thursday.

Rival PepsiCo Inc PEP.N is facing pressure from activist investor Nelson Peltz to spin off its slow-growing beverage business from its flourishing snacks division.

Reporting by Aditi Shrivastava in Bangalore

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