Business
Changes to the BoD and Confirms Dividend Dates
Changes to the BoD and Confirms Dividend Dates.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \nRNS Number : 4357Y Coca-Cola HBC AG 17 May 2016 \n\n \n \nFOR IMMEDIATE RELEASE\nCoca-Cola HBC AG\nAnnounces Changes to the Board of Directors and Confirms Dividend Dates \n \n \nZug, Switzerland - 17 May 2016 - Coca‑Cola HBC AG (\"Coca-Cola HBC\" or the \"Company\") today announces that Messrs. Irial Finan, Sir Michael Llewellyn Smith and Nigel Macdonald have informed the Company of their intention to retire from the board of directors of Coca-Cola HBC (the \"Board\") at the time of the Company's annual general meeting on 21 June 2016 (\"AGM\"). As previously announced on 28 January 2016, Mr. George A. David will also retire from the Board at the time of the AGM. All retiring directors have served on the Board for more than nine years.\n \nFollowing such retirements, upon the recommendation of Coca‑Cola HBC's Nomination Committee, the Board has proposed each of Messrs. Ahmet C. Bozer, William (Bill) W. Douglas III, Reto Francioni and Robert Ryan Rudolph for election at the AGM as non-executive members of the Board, with effect from the same date. The Board believes that Messrs. Bill Douglas and Reto Francioni qualify as independent under the criteria set forth in the UK Corporate Governance Code. \n \nAnastassis G. David, Chairman of Coca-Cola HBC, made the following remarks: \"On behalf of the Board, I would like to take this opportunity to offer our sincere appreciation to George, Irial, Michael and Nigel for the significant contributions they have made to the Company over the past years. I look forward to working with Ahmet and Bill, whose knowledge and international experience of both the Coca-Cola System and the consumer goods industry will benefit the Company, and with Reto and Ryan who will enhance the skills and expertise of the Board.\"\n \nNigel Macdonald has served as the chairman of the Audit and Risk Committee, and Sir Michael Llewellyn Smith has served as the chairman of the Nomination, Social Responsibility and Remuneration Committees. George A. David has served on the Social Responsibility Committee. Subject to the election of the proposed Board members at the AGM and effective immediately after the AGM on 21 June 2016 the Board has resolved that the composition of the Board Committees will be as follows:\n \n\n\n\n\nAudit and Risk Committee\n\n\nWilliam W. Doug...