Moin, Costa Coffee’s Chief Operating Officer in the US, will be appointed Interim CEO at the end of July 2022 while the coffee chain seeks a permanent replacement for the departing Jill McDonald
Shakir Moin will be Interim CEO while a permanent successor for McDonald is found | Photo credit: Costa Coffee
Shakir Moin, currently Chief Operating Officer for Costa Coffee in the US, will become the Coca-Cola-owned coffee chain’s Interim CEO at the end of July 2022.
UK-based Costa Coffee announced on 13 July that Jill McDonald, who has been CEO of Europe’s largest coffee chain since 2019, will be stepping down from the role at the end of July to join US fast-food chain McDonald’s as Executive Vice President and President of International Operated Markets.
Moin, who has been with the Coca-Cola Company since 1997, will be Interim CEO while a permanent successor for McDonald is found.
Moin has held several senior leadership roles at Coca-Cola, including Vice President for Global Strategic Initiatives and Head of Global Growth Operations.
He has held the position of Chief Operating Officer for Costa Coffee in the US since August 2019.
Coca-Cola acquired Costa Coffee from Whitbread in January 2019 for £3.9bn ($4.8bn). In April 2022 Coca-Cola said the recovery of its Costa Coffee business in the UK had contributed to a 28% rise in revenues for its Global Ventures division, which manages the coffee chain.
Costa Coffee is Europe’s largest coffee chain, operating nearly 2,800 coffee shops in the UK and Ireland, and over 1,100 globally. It also operates more than 12,000 Costa Express self-serve units in the UK.