Coca-Cola Named New President of Its Namesake Foundation

Coca-Cola has appointed a new president for its namesake philanthropic arm. The beverage giant announced Carlos Pagoaga will lead its non-profit Coca-Cola Foundation.

According to The Atlanta Journal, the company also appointed him vice president of global community affairs. Pagoaga will take on the new job posts on June 1. He will replace Saadia Madsbjerg, who is leaving the organization.

The New Foundation President is a Coke Veteran

Pagoaga is not an outsider, and Coca-Cola appointed him to the new job role because he is a company veteran with more than thirty years of experience. He first joined the company in 1990 and held various management relations with the brand’s corporate Latino organizations.

He eventually moved up the ranks and was included in the foundation in 2007. Coca-Cola said that since he joined the non-profit, he has been managing large grants such as one for the Atlanta Beltline, Replenish Africa Initiative, and Project Last Mile.

Pagoaga’s Responsibilities at the Charitable Organization

The newly appointed leader of the Coca-Cola Foundation is serving as its senior director for circular economy. In this role, he was in charge of supervising recycling initiatives worldwide. His job has now been expanded to include the management of all the operations in the group, which largely includes making grants and ensuring regulatory compliance for domestic and international philanthropy.

“Carlos has tremendous global experience with the company and will bring a wealth of insights to his expanded role as leader of The Coca-Cola Foundation,” The Coca-Cola Company’s executive vice president and global chief communications, sustainability, and strategic partnership officer, Bea Perez, said in a press release. “Carlos will build on the great progress Saadia has made in shaping the strategic direction of the foundation for the future. I thank Saadia for her service and congratulate Carlos on his new role.”

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