REG - Fevertree Drinks PLC - Domenic De Lorenzo to succeed Bill Ronald as Chair

Fevertree DrinksAnnouncement

12/12/2022 07:00

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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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