Coca-Cola is expected to hire Steven Heyer, a high-profile executive from AOL Time Warner Inc’s Turner Broadcasting System to run one of its four business units.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The report in today’s online version of the Wall Street suggests Heyer will head the newly created new-business-ventures division. He is expected to oversee Coke’s efforts to develop snacks, juices, coffees and teas through separate joint ventures with Procter & Gamble and Nestlé.


Heyer was due to depart from his tenure as Turner president and chief operating officer on Tuesday. Coke has so far declined to comment on the report.

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact