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Coke's No. 2 Executive to Resign

ATLANTA - The Coca-Cola Co.'s No. 2 executive is stepping down after being passed over for the top job, according to an Associated Press report.

The company said Wednesday that Steve Heyer, the company's president and c.o.o., will leave by mutual agreement after a transition period of several months. His plans beyond that were not disclosed.

Coca-Cola shares slid 85 cents to close at $51.76 on the New York Stock Exchange.

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