Coca-Cola HBC AG
CCH:LN
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Overview
Company Profile
Coca Cola HBC is a bottling partner for The Coca Cola company, manufacturing , packaging, merchandising and distributing the final branded products to its trade partners and consumers. The company sells over 2.0bn unit cases each year, making it one of the world's biggest bottlers of The Coca Cola Company's brands, serving 595m potential customers spanning three continents and 28 countries. That includes Emerging Markets such as the Russian Federation and Nigeria. The firm also has a secondary listing on the Athens Stock Exchange. Its two major shareholders are the Kar-Tess Holding S.A., a private holding company, and The Coca‑Cola Company.
Classification
Financials
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Corporate
Board of Directors
George A. David
Chairman
Mr. George A. David, the Chairman of the Company’s Board of Directors, graduated from the University of Edinburgh in 1959. He began his career that same year with a group of companies controlled by his uncle A.G. Leventis in Nigeria. He serves on the boards of Petros Petropoulos S.A. and Kar-Tess Holding. He is a member of the board of the A.G. Leventis Foundation, chairman of the Centre for Asia Minor Studies, vice chairman of the Council of the University of Cyprus, Regent of the University of Edinburgh and a member of the Honorary board of the Hellenic Foundation for European and Foreign Policy. Mr. David is a member of the Company’s Social Responsibility Committee.
Dimitris Lois
Chief Executive Officer
Mr. Dimitris Lois began his career in 1988 at Grecian Magnesite S.A., where he held various managerial posts including that of business development manager. He joined Frigoglass S.A. in 1997, and after serving in various international positions he was appointed managing director in August 2003. Mr. Lois joined the Group as Regional Director in 2007. He was appointed Chief Operating Officer in 2009 and Chief Executive Officer in 2011. He holds a Master of Science in Chemical Engineering from Northeastern University and a Bachelor of Science in Chemical Engineering from Illinois Institute of Technology.
Antonio D’Amato
Independent non-executive director,
Mr. D’Amato began his business career in 1979 with Cartoprint in Milan, part of the Seda International Packaging Group SpA (formerly the Finseda Group), a leading European company in the production of food packaging. He was employed in various capacities and became president of Seda International Packaging Group SpA in 1991. Mr. D’Amato was previously president and a member of the board of directors of Confindustria, the Confederation of Italian Industry. In August 2000, Mr. D’Amato was appointed vicepresident of the Union of Industrial and Employers’ Confederations of Europe (UNICE). From 2000 to 2012, Mr. D’Amato was a member of the Italian National Council for Economy and Labor (CNEL). In July 2001, he became president of the LUISS University in Rome, a leading private Italian university. Mr. D’Amato is a member of the Company’s Nomination and Remuneration Committees.
Anastassis G. David
Non-executive director and Vice-Chairman
Mr. Anastassis G. David graduated from Tufts University in 1993 and began his career in the Coca-Cola bottling system in the United States. From 1994 to 1997, Mr. David held several positions in the sales and marketing departments of Hellenic Bottling Company S.A. Since 1998, Mr. David has served as advisor to Kar-Tess Holding on its bottling investments. Mr. David was chairman of Navios Corporation, a major bulk shipping company, from 2002 to 2005 and currently serves as a member of the executive committee of the Cyprus Union of Shipowners. He is also on the board of the IDEAL Group S.A. and Aegean Airlines S.A. Mr. David is a member of the Advisory Board of the Fares Centre at Tufts University as well as a member of the International Board of Advisors of Tufts University. He is a member of the board of trustees of College Year in Athens.
Olusola (Sola) David-Borha
Independent non-executive director
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. DavidBorha 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. Mrs. David-Borha is a member of the Company’s Audit Committee.
Irial Finan
Non-executive director
Mr. Irial Finan is executive vice-president of The Coca-Cola Company and president of Bottling Investments Group (‘‘BIG’’), a multi-billion dollar internal bottling business, which has operations on five continents (North and South America, Europe, Africa and Asia), with revenues of more than $20 billion and more than 100,000 employees. Additionally, he is responsible for stewarding The Coca-Cola Company’s equity investments and leading the concentrate product supply organisation. Mr. Finan currently serves on the Board of Directors for Coca-Cola FEMSA, Coca-Cola East Japan, the Coca-Cola Foundation, the supervisory board for CCE AG (Germany), G2G trading, Smurfit Kappa group and The American-Ireland Fund. He is non-executive director for Co-operation Ireland and NUI Galway Foundation. Mr. Finan has over 32 years’ experience in the Coca-Cola system. From 2001 to 2003, he served as Chief Executive Officer of the Group. Mr. Finan joined The Coca-Cola Company in 2004 as president of bottling investments and supply chain and was named executive vice-president in October 2004. He is a recipient of the Leslie C. Quick Jr. Leadership Award in recognition of his professional and personal commitment to Ireland. He is also a Stars of the South Honoree.
Anastasios I. Leventis
Non-executive director
Mr. Anastasios 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. Mr. 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. Leventis is a director of Alpheus Group Limited, a private asset management company managing assets of private clients and charitable foundations. Mr. 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 of the board of the WWF in Greece.
Christo Leventis
Non-executive directo
Mr. Christo Leventis holds a B.A. in Classics from University College London and an MBA from the Kellogg School of Management in Chicago. Mr. 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. 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. 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.
Sir Michael Llewellyn-Smith
Senior independent non-executive director
Sir Michael Llewellyn-Smith had a distinguished career in the British diplomatic service including postings to Moscow, Paris and Athens, culminating in positions as British Ambassador to Poland (1991-1996) and British Ambassador to Greece (1996-1999). He is currently vice-president of the British School at Athens, Honorary Fellow of St. Antony’s College, Oxford, visiting Professor at King’s College London and member of the council of the Anglo-Hellenic League. He is also a historian and author of a number of books about Greece. Sir Michael is senior independent director and chairman of the Company’s Nomination, Remuneration and Social Responsibility Committees. 5 6 7 8
Nigel Macdonald
Independent non-executive directo
Mr. Nigel Macdonald was formerly a senior partner in Ernst & Young’s UK practice, having been a partner for 27 years, during which he served as vice-chairman of the Accounting and Auditing Committees of Ernst & Young’s worldwide practice. Mr. Macdonald is a member of the Institute of Chartered Accountants of Scotland, of which he was the president between 1993 and 1994. He is chairman of the Royal Museums Greenwich Foundation; formerly he was the senior trustee of the United Kingdom’s National Maritime Museum and chairman of both its remuneration committee and audit committee. Mr. Macdonald was a member of the UK’s Cadbury Committee which developed a set of guidelines for effective Corporate Governance in the UK that has served as a model for several international corporate governance codes. Mr. Macdonald is chairman of the Company’s Audit Committee.
Alexandra Papalexopoulou
Independent non-executive director
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. Mrs. Papalexopoulou is a member of the Company’s Remuneration and Nomination Committees.
José Octavio Reyes
Non-executive director
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 of the Latin America Group of The Coca-Cola Company from December 2002 to December 2012. Following various managerial positions in Mexico, Brazil and in The Coca-Cola Company headquarters in Atlanta, Mr. Reyes was named President of the North Latin America Division of Coca-Cola in 2002. 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 MasterCard WorldWide since January 2008, a member of the board of directors of Keurig Green Mountain since August 2014 and is a member of the board of directors of Papalote Children’s Museum in Mexico City and Fundación UNAM. 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. Mr Reyes is a member of the Company’s Social Responsibility Committee.
John P. Sech
Independent non-executive director
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). Mr. Sechi is a member of the Company’s Audit Committee.