Coca-Cola HBC: CFO to step down in the first quarter of 2021

Coca-Cola HBC AG

CFO to step down in the first quarter of 2021

Zug, Switzerland – 18 June 2020 – Coca-Cola HBC AG ("Coca-Cola HBC" or the "Company”) today announced that Michalis Imellos, Chief Financial Officer,  has informed the Company of his intention to step down from the role at the end of the first quarter of 2021. Imellos will continue in his role until his successor has been appointed and then remain with the Company during a transition period.

Zoran Bogdanovic, CEO of Coca-Cola HBC said: On behalf of everyone at Coca-Cola HBC, I would like to thank Michalis for his strong commitment and valuable contributions to the Company. In the last eight years as Group CFO, Michalis has been instrumental in shaping and implementing key strategic decisions and initiatives that successfully navigated Coca-Cola HBC through periods of challenge and growth, while building a robust balance sheet and a strong team. I am grateful for his support and partnership since my taking over as CEO and I am pleased that he will remain with the Company to ensure a smooth transition.

Michalis Imellos, CFO of Coca-Cola HBC said: It has been a privilege to be part of the Coca-Cola HBC success for the past 12 years. I am grateful to the talented people I worked with and proud of our achievements throughout these years. I am committed to facilitating a handover and transition that will ensure that Coca-Cola HBC continues to capture the exciting opportunities ahead, from a position of strength.

Coca-Cola HBC is conducting a search for its next CFO considering internal and external candidates, and an announcement will be made in due course.

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Coca‑Cola HBC Group

About Coca‑Cola HBC

Coca-Cola HBC is a leading bottler of The Coca-Cola Company with 2019 revenue in excess of €7 billion. It has a broad geographic footprint with operations in 28 countries serving a population of more than 600 million people. Coca-Cola HBC offers a diverse range of primarily non-alcoholic ready-to-drink beverages in the sparkling, juice, water, sport, energy, plant based beverages and ready-to-drink tea and coffee categories. Coca-Cola HBC is committed to promoting sustainable development in order to create value for its business and for society. This includes providing products that meet the beverage needs of consumers, fostering an open and inclusive work environment, conducting its business in ways that protect and preserve the environment and contribute to the socio-economic development of the local communities. Coca-Cola HBC is ranked among the top sustainability performers in ESG benchmarks such as the Dow Jones Sustainability Indices, CDP, MSCI ESG and FTSE4Good, among others.

Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE: CCH) and its shares are listed on the Athens Exchange (ATHEX: EEE). For more information, please visit http://www.coca-colahellenic.com.