Bobby Kotick Will Step Down From Coca-Cola's Board Of Directors
Microsoft's acquisition of Activision Blizzard will undoubtedly bring some much needed change to the company's work environment. However, many are surprised that Bobby Kotick still holds his position as CEO even after it was brought to light that he allegedly had full knowledge of the ongoings in the company. While Kotick's position at Activision Blizzard probably remains only due to some contractual agreements with Microsoft, he will soon step off the Coca-Cola board of directors.
“I have decided not to stand for re-election to The Coca-Cola Company board in order to focus my full attention on Activision Blizzard at this pivotal time as we prepare for our merger with Microsoft,” said Kotick in a statement. “It has been a pleasure and a privilege to serve on the Coca-Cola board for the past 10 years.”
“We appreciate Bobby’s decade of service to our company. We wish him all the best,” said James Quincey, Chairman and CEO of The Coca-Cola Company, in a rather short statement.
RELATED: Bobby Kotick Should Have Been Forced Out Of The Gaming Industry Years Ago
While Kotick has said that he will not stand for re-election in order to focus on the merger, Coca-Cola has been facing pressure from shareholders to remove him from the board since December last year. Conservative pressure group National Legal and Policy Center (NLPC) called for Kotick's removal for "downplaying, ignoring, and/or covering up illicit behavior" at his own company.
The SOC Investment Group, another shareholders group with stakes in Coca-Cola, also called for his removal. "If the Coca-Cola board were to renominate Mr. Kotick, it would directly contravene the company’s clear commitments to mirror the diversity of the communities where we operate, but also
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