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Douglas Ivester (born 1947) is an American businessman. He served as the chairman and chief executive officer of The Coca-Cola Company from 1997 to 2000.

Early life

Melvin Douglas Ivester was born in 1947 in New Holland, Georgia. He attended New Holland Elementary School, where he met Kay Grindle in the third grade. He grew up to marry her. He attended North Hall High School and went on to the University of Georgia, where he earned a degree in accounting, graduating with honors in 1969 from the university’s Terry College of Business.

Career

Ivester began his career with the accounting firm of Ernst and Ernst.

In 1979, Ivester joined Coca-Cola as assistant controller and director of corporate auditing, and in 1981 he became the youngest vice president in the company's history. Two years later he was elected senior vice president of finance, and in 1985 he was elected CFO at the age of 37. Ivester was elected chairman of the board and chief executive officer of The Coca-Cola Company on October 23, 1997. Ivester received a retirement package estimated to be worth $166 million. Ivester received the FIFA Order of Merit in 1996.

Ivester serves on the board of directors of SunTrust Bank, now Truist Financial.

In 1996 Ivester was honored with an Edison Achievement Award for his commitment to innovation throughout his career.

Philanthropy

Ivester contributes to the University of Georgia and its Terry College of Business as Executive-at-Large through the "Deer Run Fellows" program.

References

1. Hays, Constance L (18 February 2000). "Transition in the Chief Executive Post at Coca-Cola Comes Early". The New York Times. Retrieved 31 January 2011.
2. Balsam, Steven. An Introduction to Executive Compensation, Academic Press, 2002, p. 271. Retrieved 1 October 2015
3. "Anniversary with nine FIFA Order of Merit Awards". FIFA. August 8, 1996. Archived from the original on January 28, 2016. Retrieved April 6, 2018.
4. "Board of Directors". SunTrust Bank. Retrieved April 6, 2018.
5. Doug Ivester to direct UGA program Atlanta Business Chronicle, Oct. 14, 2009.

External links

• Appearances on C-SPAN
• Deer Run Fellows

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• Living people
• 1947 births
• People from Hall County, Georgia
• Terry College of Business alumni
• University of Georgia alumni
• American chief executives of food industry companies
• American corporate directors
• Coca-Cola people
• 20th-century American businesspeople
• SunTrust Banks people
• American business biography, 1940s birth stubs