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Ace boss Greenberg is appointed Coca Cola director

Ace CEO Evan Greenberg: Appointed to the board of Coca Cola

Ace Ltd chairman and chief executive Evan Greenberg was appointed a director of The Coca Cola Co last Thursday, the global beverage giant has announced.The appointment is a feather in the cap of Mr Greenberg, who has led insurer Ace to strong growth over the past seven years.He will receive annual compensation of $175,000 from Coca Cola and will serve under the chairmanship of Coke CEO Muhtar Kent. His fellow directors include Howard Buffett, president of Buffett Farms, director Berkshire Hathaway and son of legendary investor Warren Buffett.Before joining Ace, Mr Greenberg spent 25 years working at American International Group, where he served as president and chief operating officer from 1997 to 2000.“Evan brings significant financial expertise and a wealth of experience managing global businesses to our board,” Mr Kent said.