The Coca-Cola Co., Atlanta, reported continued momentum in its business for 2018, with strong financial results for the third quarter. Although reported net revenues for the quarter declined because of refranchising, the company delivered broad-based organic revenue (non-GAAP) and volume growth across all operating groups, while gaining value share globally, it reports.

The American Beverage Association (ABA), Washington, D.C., announced that Katherine Lugar, president and chief executive officer (CEO) of the American Hotel & Lodging Association (AHLA), will join ABA as its new president and CEO later this year. Lugar will succeed Susan K. Neely, who led the ABA for 13 years. Neely was named president and CEO of the American Council of Life Insurers (ACLI) in May 2018.

Gene Simmons, Rock and Roll Hall of Famer and co-founder of KISS, launched a premium soda line called Money Bag Sodas this month in cooperation with Niagara Falls, N.Y.-based Rock Steady Sodas Inc., a subsidiary of Johnnie Ryan Bottling Co.

After 12 years as chief executive officer (CEO) of PepsiCo Inc., Purchase, N.Y., Indra Nooyi announced that she will step down Oct. 3. Nooyi has been with the company for 24 years. She will remain chairman until early 2019. Following a unanimous election by the Board of Directors, Ramon Laguarta, president of PepsiCo, will assume the CEO position as well as election to the Board of Directors.

Beverage Industry releases its annual Top 100 list. The list reflects the top beverage companies based on 2017 fiscal year sales.

The U.S. liquid refreshment beverage market grew again in 2017, with retail sales increasing about 3 percent and volume by around 2 percent, according to newly released preliminary data from Beverage Marketing Corporation (BMC), New York.