Coca-Cola HBC AG Changes to the BoD and Confirms Dividend Dates (6208N)
May 19 2015 - 5:20AM
UK Regulatory
TIDMCCH
RNS Number : 6208N
Coca-Cola HBC AG
19 May 2015
FOR IMMEDIATE RELEASE
Coca-Cola HBC AG
Announces Changes to the Board of Directors and Confirms
Dividend Dates
Zug, Switzerland - 19 May 2015 -Coca-Cola HBC AG ("Coca-Cola
HBC" or the "Company") today announces that Susan Kilsby and
Christos Ioannou have informed the Company of their intention to
retire from the board of directors of Coca-Cola HBC (the "Board of
Directors") at the conclusion of the Company's annual general
meeting ("AGM") on 23 June 2015.
Following the retirements, upon the recommendation of Coca-Cola
HBC's Nomination Committee, the Board of Directors has proposed
each of Mrs. Olusola (Sola) David-Borha and Mrs. Alexandra
Papalexopoulou, both of whom are independent under the UK Corporate
Governance Code, for election at the AGM as non-executive members
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 appreciation to Susan and Christos
for the significant contributions they have made to the Company
over the past years. I would like to offer my gratitude to Susan
for the excellent experience and insights she has brought to the
Board and the committees on which she has served, and my sincere
thanks to Christos for his many years of valuable participation
both on the Board and the Audit Committee. The Board of Directors
has proposed that Susan and Christos be succeeded on the Board by
Olusola (Sola) David-Borha and Alexandra Papalexopoulou, who will
contribute to the diversity and enhance the skills and experience
of the Board."
Susan Kilsby has served on the Company's Nomination and
Remuneration Committees and Christos Ioannou on the Company's Audit
Committee. The Board of Directors proposes Mrs. Alexandra
Papalexopoulou as a member of Company's Remuneration Committee. The
Board of Directors will consider the composition of its other
committees at its meeting scheduled for 24 June 2015.
Brief biographies for each of the proposed new non-executive
directors are set out below.
Dividend dates
The Board of Directors has proposed a gross dividend of Euro
0.36 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 23 June 2015, the Board of Directors
currently expects that the dividend will be paid on 28 July 2015 to
holders of ordinary shares on the record date of 3 July 2015. The
shares are expected to be traded ex-dividend as of 2 July 2015, in
which case the last day on which the shares may be traded with
entitlement to receive dividends will be 1 July 2015.
Brief biographies for the proposed new non-executive
directors
Olusola (Sola) David-Borha
Mrs. Olusola (Sola) David-Borha is the Chief Executive of
Stanbic IBTC Holdings PLC, a full service financial services Group
with subsidiaries in Commercial Banking, Investment Banking,
Pension and Non-Pension Asset Management and Stockbroking. Stanbic
IBTC Holdings is listed on The Nigerian Stock Exchange. Prior to
this appointment, Mrs. David-Borha served as Chief Executive of
Stanbic IBTC Bank from May 2011 to November 2012. She also served
as Deputy Chief Executive of the Bank and Head of Investment
Banking Coverage Africa (excluding South Africa). Stanbic IBTC
Holdings is a member of the Standard Bank group which, in 2007,
acquired a leading Investment Bank in Nigeria, IBTC Chartered Bank
PLC where Mrs. David-Borha worked as an Executive Director prior to
the merger. Between 1984 and 1989, Mrs. David-Borha worked in the
Credit and Marketing department of NAL Merchant Bank PLC.
Mrs. David-Borha holds a first degree in Economics, and obtained
an MBA degree from Manchester Business School, United Kingdom. Her
executive educational experience includes the Advanced Management
Programme of the Harvard Business School. She is an Honorary Fellow
of the Chartered Institute of Bankers of Nigeria (CIBN), and serves
as non-executive director on the Board of CR Services Credit Bureau
PLC and the University of Ibadan Business School, amongst others.
She is also the Vice Chairman of the board of the Nigerian Economic
Summit Group.
Alexandra Papalexopoulou
Mrs. Papalexopoulou serves as an executive director of the Titan
Cement Company S.A., and is currently responsible for the group's
strategic planning. Titan Cement Company S.A. is a company
established in Greece, listed on the Athens Exchange and engaged in
the worldwide production and distribution of a range of
construction materials. Previously, she worked for the OECD and the
consultancy firm Booz, Allen & Hamilton, in Paris. Mrs.
Papalexopoulou is treasurer and a member of the board of directors
of the Paul and Alexandra Canellopoulos Foundation and a member of
the board of directors of National Bank of Greece and the ALBA
College of Business Administration Association. From 2003 until
February 2015 she served as a member of the board of directors of
Frigoglass S.A., and from 2007 to 2009 she served as member of the
board of directors of Emporiki Bank.
Mrs. Papalexopoulou studied Economics at the Swarthmore College,
USA, and Business Administration (MBA) at INSEAD, Fontainebleau,
France.
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
Nikos Efstathopoulos
Investor Relations Tel: +30 210 618 3260
Manager nikos.efstathopoulos@cchellenic.com
International media
contact:
StockWell Communications Tel: +44 20 7240 2486
Rob Morgan robert.morgan@stockwellgroup.com
Ben Ullmann ben.ullmann@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
590 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 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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