The Coca-Cola Company announced today that three longtime board members – Barry Diller, Alexis Herman and Marc Bolland – are retiring from their duties as directors effective Aug. 1.

The three directors have served a combined 48 years on The Coca-Cola Company board.

"I thank Barry, Alexis and Marc for their years of service and significant leadership they’ve provided for our company," said James Quincey, Chairman and CEO of The Coca-Cola Company. "All three of these strong business leaders have made important contributions in their own, distinct ways. They will be missed, and I wish them all the best."

Quincey said the company will continue its ongoing work to refresh the board with new directors.

"Our board is comprised of a highly capable group of leaders who are well-equipped to oversee our business and represent the interests of our shareowners," Quincey said. "We will ensure that future nominees contribute to the collective expertise of our board, just as Barry, Alexis and Marc have done over the years."