Coca-Cola HBC

Summary

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks. It markets and sells its products under several brands, including Coca-Cola, Fanta, Sprite, Adez, Aquarius, Averna, Amita, Avra, Deep RiverRock, Fruice, Kinley, Schweppes, and various other brands; and distributes third-party products, such as Monster energy drinks, and beer. The company serves retail outlets, including supermarkets, hypermarkets, discounters, convenience stores, wholesalers, hotels, restaurants, cafés, and e-commerce retailers. Coca-Cola HBC AG was founded in 1969 and is headquartered in Steinhausen, Switzerland.


History

 

Hellenic Bottling Company S.A. was incorporated under the laws of Greece in 1969, with headquarters in Athens. The Coca-Cola Company granted to the company its bottling rights in the country in 1969. In August 2000 Hellenic Bottling Company S.A. acquired Coca-Cola Beverages Ltd, the former European operations of Coca-Cola Amatil, and formed Coca-Cola Hellenic Bottling Company S.A.In October 2012, the company announced that it was moving its operational headquarters to Switzerland and would switch its main market listing to London. This was a major blow to the Athens stock market, as Coca-Cola Hellenic was its largest listed company by value. Reasons for the move included better access to financing and a move away from crisis ridden Greece, which had prompted ratings agencies to downgrade its credit over the summer to three notches above "junk" level.On 29 April 2013 Coca-Cola HBC AG , the new Swiss holding company, was admitted to the London Stock Exchange’s main market.On 11 September 2013 Coca-Cola HBC AG announced its inclusion into the FTSE 100 and FTSE All-Share indices. Coca-Cola HBC was named the industry leader among beverage companies in the 2014 Dow Jones Sustainability Index.On 24 July 2014 Coca-Cola HBC AG announced its delisting of its American depositary receipts from the New York Stock Exchange, the termination of its ADR programme, and the deregistration and termination of its reporting obligations under the U.S. Securities Exchange Act of 1934.In October 2017 the company's CEO, Dimitris Lois, died after a period of illness. On 7 December 2017, Zoran Bogdanovi? was appointed as new CEO by the board of directors.On 18 February 2019, the company announced a deal valued at €260 million to acquire Serbian food company Bambi from Mid Europa Partners.


Mission

We believe what we do matters - to our business and beyond. purpose is to bring togetherness, spread happiness and inspire a better future.


Vision

We want Coca-Cola HBC to be the undisputed leading beverage company in every country where we do business.


Key Team

Mr. Mourad Ajarti (Chief Digital & Technology Officer)

Ms. Joanna Sherratt Kennedy (Investor Relations Director)

David Hart (Group Communication Director)

Ms. Sanda Parezanovic (Chief People & Culture Officer)

Mr. Jan Sune Gustavsson (Chief Corp. Devel. Officer, Gen. Counsel & Company Sec.)

Mr. Ivo Bjelis (Chief Supply Chain Officer)

Mr. Marcel Martin (Chief Corp. Affairs & Sustainability Officer)


References
Coca-Cola HBC
Leadership team

Mr. Ben Almanzar (Group Chief Financial Officer)

Ms. Naya Kalogeraki (Group Chief Operating Officer)

Products/ Services
Consumer Goods, Fast-Moving Consumer Goods, Food and Beverage
Number of Employees
20,000 - 50,000
Headquarters
Zug, Zug, Switzerland
Established
1951
Company Registration
SEC CIK number: 0001558633
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
LSE:CCH
Social Media
Sun Mar 03 2024
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