Coca-Cola BOD elects Jacob Wallenberg as director

ATLANTA The Coca-Cola Co. Board of Directors on Thursday elected Jacob Wallenberg as a director of the company, effective Jan. 1, 2008. Wallenberg currently is chairman of the Board of Investor AB, the largest industrial holding company in the Nordic region. He also serves as vice-chairman of Skandinaviska Enskilda Banken AB and is a board member of The Nobel Foundation, The Stockholm School of Economics and The Knut and Alice Wallenberg Foundation.

From 1990 to 1992, Wallenberg was deputy managing director of Investor AB. After rejoining the SEB Group in 1993, Mr. Wallenberg was appointed chief executive officer in 1997 and was chairman of the board from 1998 to 2005. As part of his election, Wallenberg was appointed to the public issues and diversity review committee and the committee on directors and corporate governance.

The Board also elected William D. Hawkins III as vice president of the Company and appointed him general tax counsel. Hawkins has worked in the Company’s Office of General Tax Counsel since 1998 and will now lead the Company’s tax policy and strategy team. Prior to joining The Coca-Cola Co., Hawkins was a partner with the law firms of White & Case and, later, McClure, Trotter & Mentz in Washington, D.C.