Coca‑Cola HBC AG announces with deep sadness the death of its CEO, Dimitris Lois, on 2 October 2017. Michalis Imellos will be the Acting CEO until further notice.
Role of the Board
The Coca‑Cola HBC Board has ultimate responsibility for our long-term success and for delivering sustainable shareholder value. There is a clear division of responsibilities between the running of the Board and the executive responsibility for the running of our business.
Key tasks of the Board include:
- Providing entrepreneurial leadership within the Company’s control and risk management framework
- Determining the long-term business strategy and objectives of the Group and monitoring the implementation of the strategy and the achievement of those objectives
- Reviewing and approving the annual business plan
- Setting appropriate risk parameters and monitoring to ensure that effective risk management and internal control processes are in place
- Assessing the principal risks facing the Company’s business model, future performance, solvency and liquidity
- Assessing the longer-term viability of the Company
- Reviewing and approving periodic financial reports
- Performing Board and senior management succession planning
- Setting the Company's values and standards and ensuring that its obligations to shareholders are understood and met
- Monitoring the Group’s compliance programmes to ensure effective corporate governance
- Supervising management
Members of the Board
Mr. Anastassis David was appointed Chairman of the Board of Directors of Coca‑Cola HBC on 27 January 2016. He joined the Board of Coca‑Cola HBC as a non-Executive Director in 2006 and was appointed Vice Chairman in 2014. Mr. David brings to his role more than 20 years’ experience as an investor and non-executive director in the beverage industry and is also a former Chairman of Navios Corporation. He holds a BA in History from Tufts University and is active in the international community and serves on the International Board of Advisors of Tufts University and on the Advisory Board of the Fares Center at Fletcher School. Mr. David serves as a member on the board of directors of Aegean Airlines S.A. and AXA Insurance S.A. and is a member of the Board of Trustees of College Year in Athens and is a member of the Executive Committee of the Cyprus Union of Shipowners.
Mr. Ahmet Bozer was appointed to the Board of Directors of Coca‑Cola HBC on 21 June 2016. He retired from the position of Executive Vice President of The Coca‑Cola Company in March 2016. Mr Bozer started his professional career in 1985 at Coopers & Lybrand, CPA, based in Atlanta, serving in a variety of audit, consultancy and management roles and moved to The Coca‑Cola Company in 1990 as Financial Controls Manager. Four years later, he assumed a leadership role at Coca‑Cola Bottlers of Turkey (now Coca‑Cola Icecek), becoming its Managing Director in 1998. He returned to The Coca‑Cola Company in 2000 as Division President, Eurasia, and quickly progressed to the role of Division President, Eurasia and the Middle East. In 2007, he became Group President, Eurasia, assuming additional responsibility for the India and South West Asia Division, and was soon named Group President and Chief Operating Officer, Eurasia and Africa Group. As President of Coca‑Cola International, he had responsibility for operations in more than 200 countries and territories. Mr. Bozer earned a Bachelor’s degree in Management from the Middle East Technical University, Ankara, Turkey, and a Master’s degree in Business Information Systems from Georgia State University. Mr. Bozer chairs several business councils in various countries, serves as a Board member for the Coca‑Cola Foundation and The Coca‑Cola Turkey Life Plus Foundation, is on the Board of Advisors for Robinson College of Business at Georgia State University, and is a former member of The Turkish Educational Volunteers Foundation.
Mrs. Papalexopoulou joined the Board of Directors of Coca‑Cola HBC in 2015. She worked previously for the OECD and the consultancy firm Booz, Allen & Hamilton, in Paris. From 2003 until February 2015 she served as a member of the board of directors of Frigoglass S.A.I.C., from 2010 to 2015 she served as a member of the board of directors of National Bank of Greece and from 2007 to 2009 she served as a member of the board of directors of Emporiki Bank. Mrs. Papalexopoulou holds a Bachelor of Arts (BA) in Economics and Mathematics from Swarthmore College, USA, and a Master in Business Administration (MBA) from INSEAD, France. She is the Strategic Planning Director at Titan Cement Company S.A., where she has been employed since 1992 and serves as executive director since 1995. Mrs. Papalexopoulou is treasurer and a member of the board of directors of the Paul and Alexandra Canellopoulos Foundation, a member of the board of directors of the ALBA College of Business Administration Association and a member of the board of trustees of the American College of Greece.
Mr Anastasios Leventis is currently employed by Leventis Overseas Limited, a company that imports and exports to West Africa, and is a board member of A.G. Leventis (Nigeria) Plc. Mr Leventis is also a director of Alpheus Group Limited, a private asset management company managing assets of private clients and charitable foundations. In addition he serves as a trustee of the A.G. Leventis Foundation, a member of the board of overseers of the Gennadius Library in Athens and a member of the Campaign board of the University of Exeter. Mr Leventis holds a BA in Classics from the University of Exeter and an MBA from New York University's Leonard N. Stern School of Business.
Ms. Boyle joined The Zygos Partnership, an international search and board advisory firm, as a consultant in 2003 and was subsequently appointed associate partner in 2006 and partner in 2008. After 14 years with the firm, she will retire from her position in July 2017. Prior to that, Ms. Boyle worked at Goldman Sachs International between 2000 and 2003. Between 1996 and 1999 Ms. Boyle was a consultant at Egon Zehnder International, an international executive search and management assessment firm. Ms. Boyle obtained an MBA from the London Business School and an MA from Oxford University and was a Bahrain British Foundation Scholar. Ms. Boyle serves as a member of the board and as chair of the finance committee of Alfanar, the first venture philanthropy organisation focused on the Arab world.
Mr. Christo Leventis was appointed to the Board of Directors of Coca‑Cola HBC in 2014. He 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. 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. He holds a BA in Classics from University College London and an MBA from the Kellogg School of Management in Chicago. In 2003, Mr. Leventis started the private equity investment arm of Alpheus, a private asset management company, and he continues to serve as a member of its investment advisory committee.
Mr. Sechi was originally appointed to the Board of Directors of Coca‑Cola HBC in 2014. He 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 Düsseldorf. 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. He has a BA in Business Management from Ryerson University in Toronto and is a Chartered Accountant (Canada) and a Chartered Professional Accountant. Mr. Sechi is a non-executive director and advisor to various privately-held companies and serves as executive chairman of Sechi & Sechi Properties Limited.
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 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.
Mrs. David-Borha was appointed to the Board of Directors of Coca‑Cola HBC in 2015. She was Chief Executive Officer of Stanbic IBTC Holdings plc, a full service financial services group with subsidiaries in commercial banking, investment banking, pension and nonpension asset management and stockbroking. Stanbic IBTC Holdings is listed on the Nigerian Stock Exchange. Prior to this appointment, Mrs. David-Borha served as Chief Executive of Stanbic IBTC Bank from May 2011 to November 2012 and also served as Deputy Chief Executive Officer of Stanbic IBTC 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 she 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. She holds a first-class degree in Economics, and obtained an MBA degree from Manchester Business School. Her executive education experience includes the Advanced Management Programme of the Harvard Business School. Mrs. Olusola (Sola) David-Borha is the Chief Executive of Standard Bank’s African business excluding South Africa and 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.
Mr. Francioni was appointed to the Board of Directors of Coca‑Cola HBC on 21 June 2016. He has been a Professor of applied capital markets theory at the University of Basel since 2006 and is the author of several highly respected books on capital market issues. From 2005 until 2015 Mr. Francioni was Chief Executive Officer of Deutsche Börse AG and from 2002 until 2005, he served as Chairman of the Supervisory Board and President of the SWX Group, which owns the Swiss Stock Exchange and has holdings in other exchanges. Between 2000 and 2002, Mr. Francioni was Co-Chief Executive Officer and Spokesman for the Board of Directors of Consors AG. Between 1993 and 2000, he held various management positions at Deutsche Börse AG, including that of Deputy Chief Executive Officer. From 2003 until 2005 Mr. Francioni was an Adjunct Professor of Economics and Finance at Zicklin School of Business, part of the City University of New York. He earned his Doctorate of Law at the University of Zurich. Mr. Francioni serves as a member of the Board of Directors of UBS Group as well as the Chairman of the Supervisory Board of Swiss International Airlines.
Mr. Rudolph was appointed to the Board of Directors of Coca‑Cola HBC on 21 June 2016. From 1993 until 2006, he worked at the business law firm Lenz & Staehelin in Zurich. Prior to that, he worked as a public relations consultant at the public relations agency Huber & Partner in Zurich, as marketing assistant and subsequently as manager at Winterthur Life Insurance as well as part-time with D&S, the Institute for Marketing and Communications Research in Zurich. Mr. Rudolph obtained a Master’s degree in Law from the University of Zurich and is admitted to the Zurich bar. He also studied at the Faculté des Lettres of the University of Geneva as well as the Ecole Polytechnique in Lausanne. Mr. Rudolph is an attorney and partner at the Zurich-based law firm Oesch & Rudolph. In addition, he serves as a member of the Foundation Board of the A.G. Leventis Foundation and as a member of the board of various privately held companies.
Mr. Bill Douglas was appointed to the Board of Directors of Coca‑Cola HBC on 21 June 2016. He is a former Vice President of Coca‑Cola Enterprises, a position in which he served from July 2004 until his retirement in June 2016. Mr. Douglas has held various positions within the Coca‑Cola System since 1985. In 1991, he was appointed Division Finance Manager for the Nordic & Northern Eurasia Division of The Coca‑Cola Company. In 1994 he moved to Atlanta as Executive Assistant to the President of The Coca‑Cola Company’s Greater Europe Group. In 1996, Mr. Douglas became Nordic Region Manager. In 1998, he was appointed Controller of Coca‑Cola Beverages plc. From 2000 until 2004, Mr. Douglas served as Chief Financial Officer of Coca‑Cola HBC. He joined Coca‑Cola Enterprises in 2004 when he was appointed Vice President, Controller and Principal Accounting Officer. He was appointed Senior Vice President and Chief Financial Officer in 2005 and Executive Vice President and Chief Financial Officer of Coca‑Cola Enterprises in 2008. From 2013 to 2015, Mr. Douglas was the Executive Vice President, Supply Chain. Before joining the Coca‑Cola System, he was associated with Ernst & Whinney, an international accounting firm. He received his undergraduate degree from the J.M. Tull School of Accounting at the University of Georgia. Mr. Douglas is a member of the Board of Directors and chairman of the Audit Committee of SiteOne Landscape Supply, Inc. He is also Vice Chairman of the University of Georgia Foundation.