The Coca-Cola Company announced that Irial Finan, a 36-year veteran of the Coca-Cola system, plans to retire from his post as Executive Vice President and President of Bottling Investments Group, or BIG. Calin Dragan, who currently serves as Regional Director for BIG’s ASEAN (Southeast Asia) and Middle East bottlers, will be promoted to lead BIG.

Finan, who reports to President and CEO James Quincey, will retire March 31, 2018. He will step down from his current role on Dec. 31 and will remain with the company as executive advisor until his retirement. “I want to thank Irial for his leadership and dedicated service to our global Coca-Cola system over the last 36 years,” Quincey said. “All of us at Coca-Cola join in wishing Irial, his wife, Deirdre, and his daughters, Ciara and Röisïn, great success in their future plans.”

Dragan, who begins his new role as President of BIG on Jan. 1, 2018, is based in Singapore and will report to John Murphy, President of Coca-Cola’s Asia Pacific Group. Dragan will oversee BIG operations globally. BIG, which will continue to play a significant role in contributing to Coca-Cola’s overall growth, is now largely concentrated in the Asia Pacific region. The company continues to work toward refranchising Coca-Cola Beverages Africa, which is part of BIG.

“Calin brings a great breadth of system experience and proven leadership abilities,” Murphy said. “He is the right person to lead BIG, including a strong focus on execution and people development, as the business continues to be reshaped for the future.”