<p>The head of Coca-Cola Co.s North America division who oversaw a major restructuring and layoffs during the last year is leaving the company, the worlds largest beverage maker said Thursday.</p><p>Jeff Dunn, who has been with the Atlanta-based company for 22 years, has decided to pursue his own entrepreneurial goals outside the company, said chief executive Doug Daft in a memo to employees.</p><p>Company spokeswoman Sonya Soutus refused to elaborate on the reason for Dunns departure and his plans.</p><p>For now, the North America division will report to Coke president and chief operating officer Steve Heyer. It isnt clear when Coke will seek a replacement for Dunn.</p><p>Dunns departure follows Cokes announcement in March that it would cut 1,000 jobs in its North America division.</p><p>Heyer said in a memo to employees Thursday there will be other changes in the executive structure of the North America division besides Dunns departure.</p><p>Under the new structure, several people will report directly to Heyer: Don Knauss, president of the retail division; Chris Lowe, president of foodservice and hospitality; Javier Benito, chief marketing officer for North America; and Melody Justice, senior vice president of strategy and planning.</p><p>In October, Coke reported a 12 percent increase in third-quarter earnings, beating Wall Street expectations. But Coke said at the time it only posted 1 percent unit case sales growth in North America. The rest of its gains came in international markets.</p><p>Chief financial officer Gary Fayard said at the time Coke would take a charge of $500 million for all of this year for its streamlining initiatives, which is $100 million higher than previously announced.</p><p>In afternoon trading on the New York Stock Exchange, shares of Coke were down 48 cents at $49.69.</p><p>___</p><p>On the Net:</p><p>HASH(0x2865d54)</p>
