Paul Bulcke, chief executive officer of Nestlé S.A., and Dick Boer, chief executive officer of Royal Ahold, were elected co-chairs, replacing Muhtar Kent, chairman and CEO of The Coca-Cola Co., and Gareth Ackerman, chairman of Pick ‘n Pay Holdings Ltd.
Joe Rainert will take on the role of chief executive officer, taking over for Jerry Shafir, who founded the company and who will transition to chairman of the board of directors.