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Marcos de Quinto won 5,360,000 euros as advisor to Coca-Cola in 2017

The Spanish executive left his executive positions at the firm in May 2017 but agreed to keep on the payroll until September of this year

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Marcos de Quinto won 5,360,000 euros as advisor to Coca-Cola in 2017

The Spanish Marcos de Quinto has not completely abandoned Coca-Cola. Whoever was one of his top executives of refreshing beverage company will be kept on payroll of American firm until next August 31 in position of adviser. Thus, in its different positions, fifth received in 2017 a total remuneration of 6.6 million dollars (5,360,000 euros), just one million dollars less than 7.6 million dollars received in 2016

Coca-Cola announced last spring that de Quinto would leave company, where he held positions of Executive vice president and global manager of marketing on May 1, 2017 after a 35-year career in American manufacturer based in Atlanta.

In fact, Spanish executive left his executive positions, but was appointed creative advisor to firm (Senior Creative Advisor) with commitment to keep on payroll until August 31, 2018, and prohibition of working in competing multinational Of sector such as PepsiCo, Nestlé, Dr. Pepper Snapple Group, Danone, Kraft Foods, Unilever and Cott Corporation..

Despite this new position, De Quinto was third best-paid manager of multi-national refreshment company last year. His remuneration was only exceeded by that of CEO of company, Muhtar Kent, who won 14.8 million dollars, and president and chief operating officer, James Quincey, who obtained 10.6 million dollars, but exceeds salaries of Director Financial, Kathy N. Walle (6.4 million dollars). The manager will be appointed director of Telepizza next June.

Marcos de Quinto received 784,088 dollars in salary; 2,410,000 dollars for a stock award program; 681,074 dollars in stock options; 573,566,000,000 dollars for an incentive plan in accordance with achievement of objectives; 504,246, 000 contribution to pension plan; and 1,630,000 dollars for a special compensation program for executives moving from or countries.

The company emphasizes that Spanish executive, after leaving his executive positions, went on to a new strategic consulting function, "in provided guidance to continue developing marketing capacities and company's portfolio of brands in world, and improves productivity. " In this sense, he emphasizes that "he led completion of company's implementation plan for Coca-Cola's brand strategy and " Taste Feeling "campaign and was" fundamental to lead relaunch of Fanta brand. "

For its part, president of Santander, Ana Botin, received 250,198 dollars in 2017 as independent counselor of Coca-Cola, of which 50,000 dollars were in cash-paid diets and 200,000 dollars in stock options.

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