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 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, circular economy, where he is responsible for directing global recycling initiatives. In his expanded role, Pagoaga will manage all Foundation operations, which includes 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 formal election by the Foundation board, which is chaired by Perez.

“I’m thrilled to have the opportunity to lead The Coca‑Cola Foundation and to work with our partners,” Pagoaga said. “I’m deeply proud of the role Coca‑Cola plays in the world and of the Foundation’s contributions to so many groups and communities.”

Pagoaga joined Coca‑Cola in 1990 in Corporate Latin Affairs, where he managed relationships with Latino organizations and elected officials across the United States. He later moved to the company’s North America unit, where he managed multi-cultural communications.