TIDMCCH
RNS Number : 2168I
Coca-Cola HBC AG
28 May 2014
FOR IMMEDIATE RELEASE
Coca-Cola HBC AG
Announces Changes to the Board of Directors and Confirms
Dividend Dates
Zug, Switzerland - 28 May 2014 - Coca-Cola HBC AG ("Coca-Cola
HBC" or the "Company") today announces that Anastasios P. Leventis,
Haralambos K. Leventis, John Hunter and Stefan Heidenreich have
informed the Company of their intention to retire from the board of
directors of Coca-Cola HBC (the "Board of Directors") at the time
of the Company's annual general meeting ("AGM") on 25 June
2014.
Following such retirements, upon the recommendation of Coca-Cola
HBC's Nomination Committee, the Board of Directors of Coca-Cola HBC
has proposed each of Anastasios I. Leventis, Christo Leventis,
JoséOctavio Reyes and John P. Sechi for election at the AGM as a
non-executive director of the Board of Directors, with effect from
the same date.
George A. David, Chairman of Coca-Cola HBC, made the following
remarks:
"On behalf of the Board, I would like to take this opportunity
to offer our sincere thanks to Anastasios and Haralambos for the
significant contributions they have made to the company over many
years. Their seats are proposed to be taken by Anastasios and
Christo Leventis, who will bring new perspectives to the Board.
"I would also like to offer my gratitude to John for his
excellent contribution over the past four years, and my thanks to
Stefan who unfortunately retires from the Board after one year due
to an unexpected change to his location and availability, making it
challenging for him to fulfil his obligations. We wish them both
well for the future.
"Finally, I look forward to working with José and John whose
knowledge and international experience of both the Coca-Cola System
and the consumer goods industry will be a strategic asset for the
Board and the CCHBC group."
Stefan Heidenreich has served on the Company's Audit Committee
and John Hunter has served on the Company's Nomination Committee.
The Board of Directors will therefore consider replacements for
these roles at its meeting scheduled for 27 June 2014, and the
Company will make an announcement in relation to the appointments
for these roles following this meeting.
Brief biographies for each of the proposed new non-executive
directors are set out below.
Dividend dates
The Board of Directors has proposed to declare a gross dividend
of Euro 0.354 on each ordinary registered share with a par value of
CHF 6.70 out of the general capital contribution reserve. Subject
to approval of the dividend by the Company's shareholders at the
Annual General Meeting on 25 June 2014, the Board of Directors
currently anticipates that the dividend will be paid on 29 July
2014 to holders of ordinary shares on the record date of 11 July
2014. The shares are expected to be traded ex-dividend as of 9 July
2014, in which case the last day on which the shares may be traded
with the entitlement to receive dividends will be 8 July 2014.
Brief biographies for the proposed new non-executive
directors
Anastasios I. Leventis
Mr. A. Leventis serves as a director of the Leventis Group, a
diversified international business group, and as a trustee of the
Leventis Foundation. In addition, Mr. A. Leventis is a director of
Alpheus Group Limited, a private asset management company managing
assets of private clients and charitable foundations. Mr. A.
Leventis is vice president of the Council of the University of
Cyprus, a member of the board of overseers of the Gennadius Library
in Athens and a member the board of the WWF in Greece. Mr. A.
Leventis holds a B.A. in Classics from the University of Exeter and
an MBA from New York University's Leonard Stern School of
Business.
Christo Leventis
Mr. Christo Leventis worked as an Investment Analyst with Credit
Suisse Asset Management from 1994 to 1999. In 2001, he joined J.P.
Morgan Securities as an Equity Research Analyst focusing on
European beverage companies. In 2003, Mr. C. Leventis started the
private equity investment arm of Alpheus, a private asset
management company, and also serves as a member of its investment
advisory committee. From 2003 until March 2014 Mr. C. Leventis was
a member of the board of directors of Frigoglass S.A.I.C., a
leading global manufacturer of commercial refrigeration products
for the beverage industry. Mr. C. Leventis holds a B.A. in Classics
from University College London and an MBA from the Kellogg School
of Management in Chicago.
José Octavio Reyes
Mr. José Octavio Reyes is the former Vice Chairman of The
Coca-Cola Export Corporation, a position in which he served from
January 2013 until his retirement in March 2014. He was president,
Latin America Group at The Coca-Cola Company from December 2002 to
December 2012. Mr. Reyes began his career with The Coca-Cola
Company in 1980 at Coca-Cola de México as Manager of Strategic
Planning. In 1987, he was appointed Manager of the Sprite and Diet
Coke brands at Corporate Headquarters in Atlanta. In 1990, he was
appointed Marketing Director for Brazil, and later became Marketing
and Operations Vice President for Coca-Cola de Mexico. Mr. Reyes
became President for Coca-Cola de Mexico in 1996. In September
2002, Mr. Reyes was named President of the North Latin America
Division at Coca-Cola, comprising Mexico, Venezuela, Colombia,
Central America and the Caribbean. Prior to joining Coca-Cola, Mr.
Reyes spent five years with Grupo IRSA, a Monsanto Company joint
venture. Mr. Reyes has been a member of the board of directors of
Comex Paints since 2006; member of the board of directors of
MasterCard WorldWide since January 2008, and is a member of the
board of directors of Papalote Children's Museum in Mexico City.
Mr. Reyes holds a BS in chemical engineering from the Universidad
Nacional Autónoma de México and a MBA from the Instituto
Tecnológico de Estudios Superiores de Monterrey.
John P. Sechi
Mr. Sechi started his career as a financial analyst and audit
manager. In 1985, he joined The Coca-Cola Company as an internal
auditor. In 1987, Mr. Sechi became the Finance Director for
Coca-Cola Great Britain Limited based in London. The following
year, he was appointed General Manager of the European Supply Point
Group and in 1990 he moved to Madrid to join the Iberian Division
as Chief Financial Officer. In 1993, Mr. Sechi was promoted to
President of the Central Mediterranean Division of The Coca-Cola
Company, based in Milan, where he was responsible for operations in
Greece, Cyprus, Malta, Bulgaria, Former Yugoslavia (Croatia,
Serbia, Bosnia, Montenegro, Kosovo and FYROM), Albania and Italy.
In 1998, he was promoted to President of the German Division, based
in Dusseldorf. Mr. Sechi was Chairman of Globalpraxis, a commercial
consulting firm, from 2001 to 2008. From 2007 until 2013, he was
the President, Greater Europe of The Campbell Soup Company, and
from 2006 to 2011, a non-executive Board member and Chairman of the
Audit Committee of Coca-Cola Içecek. Mr. Sechi has a BA in Business
Management from Ryerson University in Toronto and is a Chartered
Accountant (Canada).
Enquiries
Coca--Cola HBC Group
Basak Kotler
Investor Relations Tel: +41 41 726 0143
Director basak.kotler@cchellenic.com
Eri Tziveli
Investor Relations Tel: +30 210 618 3133
Manager eri.tziveli@cchellenic.com
Dimitris Bakas
Investor Relations Tel: +30 210 618 3124
Manager dimitris.bakas@cchellenic.com
International media
contact
StockWell Communications Tel: +44 20 7240 2486
Rob Morgan robert.morgan@stockwellgroup.com
Suzanne Bartch suzanne.bartch@stockwellgroup.com
Anushka Mathew anushka.mathew@stockwellgroup.com
Greek media contact
V+O Communications Tel: +30 211 7501219
Argyro Oikonomou ao@vando.gr
About Coca--Cola HBC
Coca-Cola HBC is the second-largest bottler of the brands of The
Coca-Cola Company in terms of volume with sales of more than 2
billion unit cases. It has a broad geographic footprint with
operations in 28 countries serving a population of approximately
585 million people. Coca-Cola HBC offers a diverse range of
non-alcoholic ready to drink beverages in the sparkling, juice,
water, sport, energy, tea and coffee categories. Coca-Cola HBC is
committed to promoting sustainable development in order to create
value for its business and for society. This includes providing
products that meet the beverage needs of consumers, fostering an
open and inclusive work environment, conducting its business in
ways that protect and preserve the environment and contribute to
the socio-economic development of the local communities.
Coca-Cola HBC has a premium listing on the London Stock Exchange
(LSE: CCH) and its shares are listed on the Athens Exchange (ATHEX:
EEE). Coca-Cola HBC's American depositary shares (ADSs) are listed
on the New York Stock Exchange (NYSE: CCH). Coca-Cola HBC is
included in the Dow Jones Sustainability and FTSE4Good Indexes. For
more information, please visit
http://www.coca-colahellenic.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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