COCA-COLA EUROPEAN PARTNERS ANNOUNCES
JAVIER FERRAN TO STEP DOWN AS DIRECTOR
LONDON, 3 August 2020 - Coca-Cola European Partners plc (CCEP) (ticker symbol: CCEP), announces that Javier Ferran, Independent Non-executive Director, has expressed his desire to step down from the Board of Directors once a replacement is found. This decision follows the announcement by the Board of International Consolidated Airlines Group (IAG) of their intention to appoint Mr. Ferran as Chairman of the IAG Board in January 2021.
Mr. Ferran was appointed an Independent Non-executive Director on 17 May 2016 and is currently a member of the Audit Committee and the Affiliated Transactions Committee. A search is underway for a new Independent Non-executive Director, with Mr. Ferran staying on until a replacement is found to ensure a smooth transition.
"Javier has made many excellent contributions to our business over the years," Sol Daurella, Chairman said. "We have benefitted from his insight and counsel during a transformational period in our company and we are grateful that he is giving us the time to ensure a smooth transition."
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Coca-Cola European Partners plc is a leading consumer goods company in Western Europe, making, selling & distributing an extensive range of non-alcoholic ready to drink beverages & is the world's largest Coca-Cola bottler based on revenue. Coca-Cola European Partners serves a consumer population of over 300 million across Western Europe, including Andorra, Belgium, continental France, Germany, Great Britain, Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain & Sweden. The Company is listed on Euronext Amsterdam, the New York Stock Exchange, London Stock Exchange & on the Spanish Stock Exchanges, trading under the symbol CCEP.
For more information about CCEP, please visit www.cocacolaep.com.