August 2, 2007 / 7:12 PM / 12 years ago

Coca-Cola Enterprises CEO, CFO buy up stock

NEW YORK, Aug 2 (Reuters) - The top two executives at Coca-Cola Enterprises Inc CCE.N have increased their holdings in the company, just days after the bottler posted strong quarterly results and raised its outlook for the year.

The company’s president and chief executive, John Brock, purchased 5,260 shares of the company, while chief financial officer William Douglas purchased 10,000 shares, according to U.S. Securities and Exchange Commission filings on Thursday.

Both executives made their purchases on Tuesday, according to the filings.

Brock took over as CEO of the largest bottler of Coca-Cola drinks last year and has been buying stock ever since. The purchase was his third since early March and brought his holdings in the company to more than 30,000 shares.

For Douglas, who joined the company in 2004, the purchase was his first on the open market, according to filing tracking Web site His prior holdings had been in the form of restricted stock, according to The purchase this week brought Douglas’ stake in the company to about 94,000 shares.

Last week, the company posted a better-than-expected quarterly profit, citing cost controls, price increases in North America and a weaker dollar.

Shares of Coca-Cola Enterprises, which is about 36 percent owned by Coca-Cola Co (KO.N), were little changed at $22.60 in afternoon trading on the New York Stock Exchange.

(Reporting by Emily Chasan)

((Editing by Andre Grenon; Reuters Messaging: rm:// +1 646 223 6114)) Keywords: COCACOLAENTERPRISES STOCK/

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