The Coca-Cola Company has announced that Max Levchin, co-founder of PayPal and founder and CEO of financial technology firm Affirm, has been elected to its Board of Directors.
As per the announcement, Levchin has brought with him over two decades of experience in technology and innovation. In addition to his role at Affirm, he has previously co-founded Confinity, which evolved into PayPal, where he served as Chief Technology Officer until its acquisition by eBay in 2002.
Levchin has also founded Slide, a personal media-sharing platform later acquired by Google in 2010, and launched the innovation lab HVF, which led to the creation of Affirm in 2012. Affirm went public in 2021. He has also served on the boards of Yelp Inc. and Yahoo! Inc.
Alongside the board appointment, The Coca-Cola Company has declared a regular quarterly dividend of 51 cents per common share, payable on December 15 to shareowners of record as of December 1.
“Max has a tremendous background in technology, including the development and growth of successful companies,” said James Quincey, Chairman and CEO of The Coca-Cola Company. “He will bring great perspectives to Coca-Cola as technology continues to reshape the way we do business.”
