Ivester discusses Goizueta legacy for memorial service
Oct. 22, 1997
ATLANTA (AP) _ Roberto C. Goizueta's heir-apparent as Coca-Cola Co. chief reflected upon his mentor's legacy Wednesday in a special memorial service for Coke employees.
``That is Roberto's legacy to us _ not just our stock price or our product line or our market share,'' said M. Douglas Ivester, the company president. ``His legacy is a trail of thousands of capable people, capable of doing their jobs exceptionally well.''
Up to 5,000 Coke employees and retirees came to the Atlanta Civic Center for the service, a day after the funeral and burial of the man who led Coca-Cola for 16 years. Goizueta died last Saturday at age 65 from lung cancer.
Earlier Wednesday, the company announced it would contribute $1 million to a cancer research fund established in Goizueta's name at Emory University.
Ivester, the 50-year-old Georgia native Goizueta groomed for leadership, is expected to be named to succeed him as early as Thursday. Ivester has been Coke's president and chief operating officer since 1994.