Fevertree Drinks PLC Directorate Change (8819W)

TIDMFEVR

RNS Number : 8819W

Fevertree Drinks PLC

14 December 2023

14(th) December 2023

Fevertree Drinks plc

("Fever-Tree" or the "Company")

Board Change

Fever-Tree, the world's leading supplier of premium carbonated mixers, is pleased to announce the appointment of David Lapp as a Non-Executive Director of the Company, effective from 1 January 2024.

David brings over 35 years of extensive industry expertise in the beverage sector including bottling, manufacturing, supply chain management and strategy across the North American and European markets. David served as Senior Vice President and Chief Supply Chain Officer for PepsiCo Beverages North America (PBNA) where he was accountable for leading the end-to-end supply chain operations for PBNA. Most recently he was Senior Vice President of Manufacturing Strategy across food and beverages for PepsiCo's North American business'. Prior to these roles, he served 22 years at Pepsi Bottling Group across the business' manufacturing and warehouse operations - culminating in the role of Global VP, Manufacturing and Warehouse Operations - before joining PepsiCo when it acquired the business in 2010.

As announced in May, Coline McConville will be stepping down from the Board of the Company on 31 December 2023, having served nine years as a Non-Executive Director.

As previously announced, Coline has been succeeded as Senior Independent Director by Kevin Havelock, who joined the Board in January 2018. Laura Hagan, who joined the Board and the Remuneration Committee in May 2021, has taken over from Coline as Chair of the Remuneration Committee.

Domenic De Lorenzo, Chair, said: "On behalf of the Board I would like to express a warm welcome to David. His extensive industry experience will play an important role in supporting Fever-Tree's continued successful expansion, particularly in North America, where the brand continues to go from strength to strength."

"I also want to thank Coline for her contributions to Fever-Tree as Non-Executive Director and latterly in her role as Senior Independent Director. She has played a significant role through an important period of growth for the Company and we wish her the very best."

ENDS

Regulatory Disclosures

The following information regarding the appointment of David Lapp , aged 58, is disclosed under Rule 17 and Schedule 2(g) of the AIM Rules for Companies:

Current directorships and/or partnerships:

The John Hay Estate at the Fells

Former directorships and/or partnerships (within the last five years):

The Pacific Northwest Bottling Group

Pepsi-Cola Advertising and Marketing Inc

David Lapp does not currently hold any shares in the Company.

There are no further disclosures to be made in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

For further information:

Investor queries

Ann Hyams, Director of Investor Relations I ann.hyams@fever-tree.com I +44 (0)7435 828 138

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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END

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December 14, 2023 09:33 ET (14:33 GMT)

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