Fevertree Drinks PLC Domenic De Lorenzo to succeed Bill Ronald as Chair (2959J)
December 12 2022 - 2:00AM
UK Regulatory
TIDMFEVR
RNS Number : 2959J
Fevertree Drinks PLC
12 December 2022
12 December 2022
Fevertree Drinks plc
("Fever-Tree" or the "Company")
Domenic De Lorenzo to succeed Bill Ronald as Chair
Fever-Tree, the world's leading supplier of premium carbonated
mixers, today announces the appointment of Domenic De Lorenzo, a
Non-Executive Director of the Board since May 2018, as
Non-Executive Chair of the Board, to take effect on completion of
the Company's AGM in May 2023.
Domenic will work closely with Bill Ronald during a handover
period before assuming the role of Chair. Bill was appointed to the
Board as Chair in June 2013 ahead of the Company's IPO in November
2014, and he informed the Board in May this year of his intention
to retire from his role and step down from the Board at the 2023
AGM.
Domenic is a qualified Chartered Accountant and brings with him
a wealth of global business experience across the consumer goods
and beverages sectors, having previously spent over 20 years at
SABMiller plc, the former FTSE 100 beverage company, where he
focused on strategy and corporate finance before becoming Chief
Financial Officer and an Executive Board Director.
Bill Ronald, Chairman, said: " Following a comprehensive
recruitment process led by Coline McConville as Chair of the
Nomination Committee, I am delighted to welcome Domenic as my
successor .
"Domenic brings exceptional leadership and commercial skills,
with a clear focus on performance and a strong strategy skill set.
Having worked with him in a Board capacity since 2018, I can attest
to his strength of judgement and proven governance reputation and
focus, as well as his personal leadership skills."
Domenic De Lorenzo said : "It is a privilege to take on the role
of Chair of Fever-Tree, a company that I am passionate about. I
look forward to continuing to work with the Board as well as the
executive team and supporting the business to deliver on its
exceptional global potential."
Fever-Tree will make an announcement regarding Domenic's
successor as Audit Committee Chair, a role which Domenic will
relinquish at the time of becoming Chair, in due course.
Ends
For further information:
Investor queries
Ann Hyams, Director of Investor Relations I
ann.hyams@fever-tree.com I +44 (0)2045 168 106
Media queries
Oliver Winters, Director of Communications I
oliver.winters@fever-tree.com I +44 (0)770 332 9024
Nominated Advisor and Broker - Investec Bank plc
David Flin I Alex Wright I +44 (0)20 7597 5970
Corporate Broker - Morgan Stanley & Co. International
plc
Andrew Foster I Jessica Pauley I +44 (0)20 7425 8000
Financial PR advisers - FGS Global
Faeth Birch +44 (0)7768 943 171 I Anjali Unnikrishnan I +44
(0)7826 534 233
Notes to Editors:
Fever-Tree is the world's leading supplier of premium carbonated
mixers for alcoholic spirits by retail sales value, with
distribution to over 85 countries worldwide. Based in the UK, the
brand was launched in 2005 to provide high quality mixers which
could cater to the growing demand for premium spirits, in
particular gin, but also increasingly for vodka, rum and whisky.
The Company now sells a range of carbonated mixers to hotels,
restaurants, bars and cafes ("On Trade") as well as selected retail
outlets ("Off Trade").
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