Coca-Cola's president and chief operating officer Jack Stahl resigned when the company announced the restructuring of management. He had decided it was time for him to pursue other career opportunities, and considering the company well on its path to financial recovery after several tough years. .
The four way of business units change are Americas, Asia, Europe/ Africa and new Business Ventures. The changes are designed to promote a spirit of entrepreneurship and innovation throughout the company.
The new restructure eliminated only the presidential position but no employees would be laid off as part of the changes, Coke spokesman Rob Baskin said "the idea is to move key decision-making closer to local markets" in order to increase Coke's ability to quick manage changes in the its disparate market. .
From this article, the corporate restructuring at this level is only doing with the organizational component because it develops the structure of the organization. Eliminated the presidential position and change the business units. Its restructuring try to recover the financial of the company after their several tough years. It is not involve with the financial component. "This new structure is what Coca-Cola Co needs for a new century" Doug Daft, Coca-Cola chairman said (The Australian, March 6, 2001).
On the other hand, the merging between PMP and IPMG is the financial component in the corporate restructuring because the system will be own by two companies instead of one. The leadership systems will change. Merger refers to "combination of two or more firm to form one new company, which often has a new corporate identity (Stone, 1998, P.830).
"Media giants raise PMP merger concerns" The Australian, Friday March 9, 2001 reported. PMP chief executive, Mr. Muscat announced plans to merge with the Independent Print Media Group (IPMG). If it success, the two mergers would bring together two of Australia's dominant printing, magazine and media distribution companies.