Coca-Cola Co, which warned earlier this week of lower-than-expected profits this year, said on Friday it will pay its new chief executive, Neville Isdell, a base salary of $1.5 million a year.
In a regulatory filing, Coke said Isdell will also participate in the company's annual incentive long-term equity programs.
The compensation package is in addition to a previously announced stock option award of 450,000 options and a restricted stock award of 140,000 shares, Coke said.