"I'm delighted that the board has elected James as chairman. He is the right leader to take the Coca-Cola system to the next level and through the next decade," said Kent.
Quincey will become the 14th chairman of the company.
The board also elected Maria Elena Lagomasino to succeed former U.S. Sen. Sam Nunn as a lead independent director to the board. Nunn served on the board for 22 years.
Her duties at Coca-Cola will include leading the board’s annual evaluation of the chairman and CEO, calling meetings of independent directors, and approving board agendas.
According to the company, the new roles would be contingent upon the reelection of both Quincey and Lagomasino to the board in April.