Coca-Cola announces Carlos Pagoaga as President of Coca-Cola Foundation

Pagoaga’s appointment is contingent on a formal election by the Foundation board, which is chaired by Perez

The Coca-Cola Company announced that Carlos Pagoaga, a 34-year veteran of the company, will be named Vice President of Global Community Affairs for The Coca-Cola Company and President of The Coca-Cola Foundation.

Pagoaga is expected to begin his new duties on June 1, succeeding Saadia Madsbjerg. Madsbjerg has served as head of the Foundation for three years and is stepping down to pursue other professional opportunities.

Pagoaga currently serves as the Foundation’s Senior Director, of circular economy, where he is responsible for directing global recycling initiatives. In his expanded role, Pagoaga will manage all Foundation operations, which include grant making; financial requirements; and 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,” said Bea Perez, Executive Vice President and Global Chief Communications, Sustainability & Strategic Partnerships Officer at The Coca‑Cola Company. “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.”

Pagoaga’s appointment is contingent on a formal election by the Foundation board, which is chaired by Perez.