REG - Coca-Cola EP PLC - Directorate Change

Coca-Cola Europacific PartnersAnnouncement

15/02/2023 10:00

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RNS Number : 0182Q  Coca-Cola Europacific Partners plc  15 February 2023

COCA-COLA EUROPACIFIC PARTNERS PLC

 

BOARD AND COMMITTEE CHANGES

 

Coca-Cola Europacific Partners plc (CCEP) is pleased to announce that, as part
of the Board's succession planning and following a comprehensive search and
selection process, the following Board and Committee changes were approved by
the Board on 14 February 2023, and will take effect at the conclusion of the
Annual General Meeting due to be held on 24 May 2023 (AGM):

 

·    Mary Harris and Nicolas Mirzayantz will succeed Jan Bennink and
Christine Cross as Independent Non-executive Directors

·    Once appointed, Mary will become a member of the Remuneration and
Nomination Committees and Nicolas will become a member of the Environmental,
Social and Governance (ESG) Committee

·    Nathalie Gaveau will become a member of the Affiliated Transaction
Committee.

 

In addition CCEP is also pleased to announce that Nancy Quan will succeed
Brian Smith as a Non-executive Director nominated by European Refreshments
Unlimited Company (a wholly-owned subsidiary of The Coca Cola Company (TCCC)).
The change will take effect at the   conclusion of the AGM. Once appointed,
Nancy will also become a member of the ESG Committee.

 

The Board would also like to recognise the great contributions that of all
those Board members who are planning to retire from the Board at the AGM in
May 2023 have played in shaping the success of CCEP to date.

 

Jan Bennink was appointed as a Non-executive Director of CCEP in May 2016. He
was Chair of the Affiliated Transaction Committee from 2016 to 2022 and is
currently a member of that Committee and of the ESG Committee. He was also
previously a member of the Nomination Committee. His experience of leading
major multinational public companies and extensive expertise in FMCG and the
food and beverage industry have been particularly important to the Board in
the years since the merger.

 

Christine Cross was appointed as a Non-executive Director of CCEP in May 2016
and is a member of the Nomination Committee and Remuneration Committee. She
was previously Chair of the Remuneration Committee and a member of the Audit
Committee. Her in-depth  experience of remuneration, coupled with a strong
understanding of international business strategy and marketing and sustainable
business development, have been particularly helpful to the Board during her
tenure and she has played a leading part in laying the strong foundations for
the Remuneration policy and strategy and our This is Forward (sustainability
action plan) goals related to our people.

 

Brian Smith was appointed as a Non-executive Director of CCEP in July 2020 and
has been a member of the ESG Committee since his appointment. Having worked
with TCCC since 1997 in a number of roles, including President and Chief
Operating Officer of TCCC, his combination of deep knowledge and experience of
the FMCG industry and the Coca-Cola system made him a significant asset to the
Board of CCEP.

 

About Mary Harris

 

Mary Harris brings to the Board, a top level strategic outlook with
international and consumer focus from her time as partner at McKinsey and Co
and as a Non-executive Director. Mary is currently a Non-executive Director
and member of the Nomination and Audit and Risk Committees at ITV plc. She is
also the Designated Non-executive Director for workforce engagement and a
member of the Remuneration Committee at Reckitt plc and a Supervisory Board
member at HAL Holding N.V. Mary has previously held Non-executive Director
positions at Unibail-Rodamco-Westfield, Sainsbury's and TNT Express and TNT
N.V.

 

About Nancy Quan

 

Nancy Quan has extensive knowledge of the Coca-Cola system having worked with
the company since 2007 in leadership roles spanning innovation and consumer
trends, research and development, and supply chain. As Senior Vice President
and Chief Technical and Innovation Officer for TCCC, she oversees a networked
team that creates innovation pipelines to enable short- and long-term growth,
and drives transformational and scalable supply chain solutions to maximize
customer and consumer value. Nancy serves on the Board of Directors for the
Liberty Mutual Group and the Industry Affiliates Advisory Board for the
University of California Davis MBA Program, and is an active member of the
FIRST (For Inspiration and Recognition of Science and Technology) Executive
Advisory Board.

 

About Nicolas Mirzayantz

 

Nicolas Mirzayantz brings to the Board over thirty years of strategic,
operational and business transformation experience at IFF, a multinational
industry-leading supplier to FMCG customers that creates ingredients and
essential solutions for food, beverage, health, scent, biosciences and
sensorial experiences.  Most recently serving as President, Nourish Division,
he was previously the Divisional CEO for the Scent Division during a period of
historic and transformational mergers.  During his tenure, he was a champion
of sustainability, setting the foundation for IFF's industry-leading ESG+
initiatives.  Nicolas previously served on the Board of the International
Fragrance Association (IFRA), the official representative body of the
fragrance industry worldwide and was a Cultural Leader at the World Economic
Forum.

 

Sol Daurella, Chairman said, "On behalf of the Board, I would like to thank
Brian, Christine and Jan for the significant and invaluable contributions they
have made to our business and wish them every success for the future. I would
also like to welcome Mary, Nancy and Nicolas who bring diverse skillsets and
relevant experience applicable to our expanded geographical footprint. I look
forward to working with them and the rest of the Board."

 

CCEP confirms that there are no further details that need to be brought to the
attention of shareholders with regard to the appointments.

 

CONTACTS

 

 Company Secretariat  Investor Relations  Media Relations

 Clare Wardle         Sarah Willett       Shanna Wendt

 T +44 20 7355 8406   +44 7970 145 218    T +44 7976 595 168

 

ABOUT CCEP

 

Coca-Cola Europacific Partners is one of the world's leading consumer goods
companies. We make, move and sell some of the world's most loved brands -
serving 600 million consumers and helping 1.75 million customers across 29
countries grow. We combine the strength and scale of a large, multi-national
business with an expert, local knowledge of the customers we serve and
communities we support. The Company is currently listed on Euronext Amsterdam,
the NASDAQ Global Select Market, London Stock Exchange and on the Spanish
Stock Exchanges, trading under the symbol CCEP. For more information about
CCEP, please visit www.cocacolaep.com & follow CCEP on Twitter at
@CocaColaEP.

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