Davis sets exit date

Coca‑Cola Amatil's chief executive, Terry Davis, has announced he will leave the company.

The company said Terry Davis will stand aside on August 31, 2014.

Terry Davis has been in the top job for 12 years.

Coca‑Cola Amatil is a soft‑drink bottler — the company that issued the announcement about Mr Davis's departure.

Yes. The soft‑drink bottler said Mr Davis would stand aside on the specified date, which is an official statement from the company.

In this context, 'stand aside' means Terry Davis will step down from his role as chief executive on August 31, 2014; the article does not provide further detail on his future plans.

The article does not mention any successor or replacement for Terry Davis.

Investors should refer to Coca‑Cola Amatil's official announcements and company releases for more details; the article reports the company's statement that Mr Davis will stand aside on August 31, 2014.