New blood at helm of Coca Cola HBC

Coca-Cola HBC AG announced that Anastasios P. Leventis, Haralambos K. Leventis, John Hunter and Stefan Heidenreich will retire from the board at the annual general meeting on June 25 with proposals of Anastasios I. Leventis, Christo Leventis, José Octavio Reyes and John P. Sechi for election at the AGM as a non-executive director.

“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,” said chairman George David.

Anastasios I. Leventis serves as a director of the Leventis Group, a diversified international business group, and as a trustee of the Leventis Foundation. He is also a director of Alpheus Group, a private asset management company managing assets of private clients and charitable foundations, 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.

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 and in 2003 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 he has been a board member of Frigoglass S.A.I.C., a leading global manufacturer of commercial refrigeration products for the beverage industry.

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 having begun his career with The Coca-Cola Company in Mexico and then in Atlanta.

John Sechi started his career as a financial analyst and audit manager. In 1985, he joined The Coca-Cola Company as an internal auditor and in 1987 became the Finance Director for Coca-Cola Great Britain. In 1993, he was promoted to President of the Central Mediterranean Division of The CocaCola Company, based in Milan, where he was responsible for operations in Greece, Cyprus, Malta, Bulgaria, Former Yugoslavia, Albania and Italy.

Meanwhile, the board has proposed 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.