Business Context and Reporting Period
Company: Coca-Cola Europacific Partners Plc (CCEP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: February 15, 2023
Subject: Announcement of Board and Committee changes effective at the conclusion of the Annual General Meeting (AGM) on May 24, 2023.
Financial Metrics
This filing is a corporate governance announcement and does not contain financial data. The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing details significant changes to the Board of Directors and committee memberships:
- New Independent Non-executive Directors: Mary Harris and Nicolas Mirzayantz will succeed Jan Bennink and Christine Cross.
- New TCCC-Nominated Director: Nancy Quan will succeed Brian Smith as the Non-executive Director nominated by European Refreshments Unlimited Company (a subsidiary of The Coca-Cola Company).
- Committee Assignments:
- Mary Harris: Remuneration and Nomination Committees.
- Nicolas Mirzayantz: Environmental, Social and Governance (ESG) Committee.
- Nancy Quan: ESG Committee.
- Nathalie Gaveau: Affiliated Transaction Committee.
- Retirements: Jan Bennink, Christine Cross, and Brian Smith will retire from the Board at the AGM.
Guidance, Outlook, and Management Commentary
Management Commentary: Chairman Sol Daurella thanked the outgoing directors for their contributions and welcomed the new appointees for their diverse skillsets and experience applicable to the company's expanded geographical footprint. The changes are part of the Board's succession planning following a comprehensive search process.
Outlook and Risks: No financial guidance, risk factors, contingencies, or unusual items are disclosed in this filing.
Key Facts for Investor Verification
- Verify the effective date of the Board changes (conclusion of the AGM on May 24, 2023).
- Confirm the specific committee roles assigned to new directors Mary Harris, Nicolas Mirzayantz, and Nancy Quan.
- Note the departure of three long-serving directors (Bennink, Cross, Smith) and their respective tenures and prior committee leadership roles.
- Review the professional backgrounds of the new appointees to assess their strategic fit for CCEP's operations across 29 countries.