The Board

The Board

Our Board is responsible for ensuring the highest level of corporate governance, accountability and risk management for the Group

Role of the Board

Our Board has ultimate responsibility for our long-term success and for delivering sustainable shareholder value as well as contributing to wider society. 

The Board is responsible for setting the Company’s purpose, values and strategy and ensures the alignment with its culture; this includes ensuring that workforce policies and practices are consistent with the Company’s values and support its long-term sustainable vision. This is achieved by approving the corporate strategy, monitoring performance toward strategic objectives, overseeing implementation of the strategy by the Operating Committee and approving matters reserved by the Articles of Association for decision by the Board. Specific tasks are delegated by the Board to its committees for audit and risk, nomination, remuneration and social responsibility.

Board_Structure_200716 Board_Structure_200716

  • The-Board-2024-Anastassis-G-David The-Board-2024-Anastassis-G-David
    Anastassis G. David

    Non-Executive Chairman

    Appointed: January 2016. He joined the Board of Coca‑Cola HBC as a non‑Executive Director in 2006 and was appointed Vice Chairman in 2014.

    Skills, experience and contribution: Anastassis brings to his role more than 20 years’ experience as an investor and non-Executive Director in the beverage industry. Anastassis is also a former Chairman of Navios Corporation. He holds a BA in History from Tufts University.

    External appointments: Anastassis is active in the international community. He serves as Vice Chairman of Aegean Airlines S.A., Vice Chairman of the Cyprus Union of Shipowners and Chairman of the Board of Sea Trade Holdings Inc, a shipowning company of dry cargo vessels. He is also a member of the Board of Trustees of College Year in Athens.

    Nationality: British

  • The-Board-2024-Zoran-Bogdanovic The-Board-2024-Zoran-Bogdanovic
    Zoran Bogdanovic

    Chief Executive Officer, Executive Director

    Appointed: June 2018.

    Skills, experience and contribution: Zoran was previously the Company’s Region Director responsible for operations in 12 countries and has been a member of the Executive Leadership Team since 2013. He joined the Company in 1996 and has held a number of senior leadership positions, including as General Manager of the Company’s operations in Croatia, Switzerland and Greece. Zoran has a track record of delivering results across our territories and demonstrating the values that are the foundation of our Company culture.

    External appointments: None

    Nationality: Croatian

  • The-Board-2024-Charlotte-J.-Boyle The-Board-2024-Charlotte-J.-Boyle
    Charlotte J. Boyle

    Independent Non-Executive Director

    Appointed: June 2017.

    Skills, experience and contribution: After 14 years with The Zygos Partnership, an international executive search and board advisory firm, including nine years as a partner, she retired from her position in July 2017. Prior to that, Charlotte worked at Goldman Sachs International and at Egon Zehnder International, an international executive search and management assessment firm. Charlotte obtained an MBA from the London Business School and an MA from Oxford University and was a Bahrain British Foundation Scholar.

    External appointments: Charlotte serves as Chair of UK for UNHCR, an independent non-executive director and chair of the Environment, Sustainability and Community Committee of Shaftesbury Capital PLC, a non-Executive Director of Thatchers Cider Company Ltd, a non-executive adviser to the Group Executive Board of Knight Frank LLP and as a Trustee and chair of the finance committee of Alfanar, the venture philanthropy organisation.

    Nationality: British

  • The-Board-2024-HenriqueBraun The-Board-2024-HenriqueBraun
    Henrique Braun

    Non-Executive Director

    Appointed: June 2021.

    Skills, experience and contribution: Henrique has vast experience in corporate functions as well as regional and business unit operations in The Coca-Cola Company. He joined The Coca‑Cola Company in 1996 in Atlanta and progressed through increasing responsibilities in North America, Europe and Latin America. His career responsibilities have included supply chain, new business development, marketing, innovation, general management and bottling operations. From 2020 to 2022, Henrique served as President of the Latin America operating unit, from 2016 to 2020, he served as the President of the Brazil business unit and from 2013 to 2016, he was the President for Greater China and Korea. His other roles in The Coca‑Cola Company in the past include Vice President of Innovation and Operations in Brazil and Director for Still Beverages (non‑carbonated beverages) in Europe. He first joined The Coca-Cola Company as a trainee in Global Engineering in the US. Henrique holds a bachelor’s degree in agricultural engineering from the University Federal of Rio de Janeiro, a master’s in industrial engineering from Michigan State University and an MBA from Georgia State University.

    External appointments: Henrique currently serves as President, International Development for The Coca-Cola Company, overseeing the company’s operating units for Latin America, Japan and South Korea, ASEAN and South Pacific, Greater China and Mongolia, Africa, India and Southwest Asia and Eurasia and Middle East.

    Nationality: American and Brazilian

  • The-Board-2024-Olusola-Sola-David-Borha The-Board-2024-Olusola-Sola-David-Borha
    Olusola (Sola) David-Borha

    Independent Non-Executive Director

    Appointed: June 2015.

    Skills, experience and contribution: Sola has more than 30 years’ experience in financial services and held several senior roles within the Stanbic Group, including the position of Chief Executive of Stanbic IBTC Bank from May 2011 to November 2012. She also served as Deputy Chief Executive Officer of Stanbic IBTC Bank and Head of Investment Banking Coverage Africa (excluding South Africa). Stanbic IBTC Holdings is listed on the Nigerian Stock Exchange and is a member of Standard Bank Group. Between January 2017 and March 2021, Sola has been the Chief Executive of the Africa Regions (excluding South Africa) for Standard Bank Group, Africa’s largest bank by assets with operations in 20 countries across the continent. Sola holds a first degree in Economics and obtained an MBA degree from Manchester Business School. Her executive education experience includes the Advanced Management Programme of the Harvard Business School and the Global CEO Programme of CEIBS, Wharton and IESE.

    External appointments: Sola serves as non-executive director on the boards of Stanbic IBTC Holdings Plc and Stanbic Uganda Holdings Limited, listed entities that are members of the Standard Bank Group. Finally, Sola was appointed Chairman of Stanbic IBTC Bank Plc, a non-listed subsidiary of Stanbic IBTC Holdings Plc in October 2021.

    Nationality: Nigerian

  • The-Board-2024-Anna-Diamantopoulou The-Board-2024-Anna-Diamantopoulou
    Anna Diamantopoulou

    Independent Non-Executive Director

    Appointed: June 2020.

    Skills, experience and contribution: Anna, as a former European Commissioner, brings to the Group a unique expertise on matters of employment and equal opportunity together with deep knowledge of the European CSR agenda. Anna was an elected Member of the Greek Parliament for over a decade, during which time she served as Deputy Minister for Industries, Minister of Education, Lifelong Learning and Religious Affairs and Minister of Development, Competitiveness and Shipping of the Hellenic Republic. From 1999 to 2004, Anna served as a member of the European Commission in charge of Employment, Social Affairs and Equal Opportunities.

    External appointments: Founder and President of DIKTIO-Network for Reform in Greece and Europe, a leading Athens‑based independent, non‑partisan policy institute. A Council Member of the European Council on Foreign Relations, an Advisory Board Member of Delphi Economic Forum and a member of the Honorary Board of the Bussola Institute, a foundation aiming to strengthen cooperation between the EU and the GCC. Finally, Anna is the Chair of the European Commission’s High Level Group on the future of social protection and the welfare state in the EU.

    Nationality: Greek

  • The-Board-2024-William-W-Bill-Douglas-III The-Board-2024-William-W-Bill-Douglas-III
    William W. (Bill) Douglas III

    Independent Non-Executive Director

    Appointed: June 2016.

    Skills, experience and contribution: Bill is a former Vice President of Coca‑Cola Enterprises, a position in which he served from July 2004 until his retirement in June 2016. From 2000 until 2004, Bill served as Chief Financial Officer of Coca‑Cola HBC. Bill has held various positions within the Coca‑Cola System since 1985, including positions with responsibility for the IT function, including cyber issues. Before joining the Coca‑Cola System, Bill was associated with Ernst & Whinney, an international accounting firm. He received his undergraduate degree from the J.M. Tull School of Accounting at the University of Georgia.

    External appointments: Bill is the Lead Director and Chairman of the Audit Committee of SiteOne Landscape Supply, Inc. He is also a member of the Board of Directors and Chair of the Audit Committee for The North Highland company. He also serves on the Board and is a past Chair of the University of Georgia Trustees.

    Nationality: American

  • The-Board-2024-Reto-Francioni The-Board-2024-Reto-Francioni
    Reto Francioni

    Senior Independent Non-Executive Director

    Appointed: June 2016.

    Skills, experience and contribution: Reto has been Professor of Applied Capital Markets Theory at the University of Basel since 2006 and is the author of several highly respected books on capital market issues. From 2005 until 2015, Reto was Chief Executive Officer of Deutsche Börse AG and from 2002 until 2005, he served as Chairman of the Supervisory Board and President of the SWX Group, which owns the Swiss Stock Exchange and has holdings in other exchanges. Between 2000 and 2002, Reto was Co-Chief Executive Officer and Spokesman for the Board of Directors of Consors AG. Between 1993 and 2000, he held various management positions at Deutsche Börse AG, including that of Deputy Chief Executive Officer. He earned his Doctorate of Law at the University of Zurich.

    External appointments: Reto serves as Chairman of the Supervisory Board of UBS Europe SE and also as the Chairman of the Supervisory Board of Swiss International Airlines. Reto is also a Vice Chairman at the Board of Directors of Medtech Innovation Partners AG, Basel.

    Nationality: Swiss

  • The-Board-2024-Christos-Leventis The-Board-2024-Christos-Leventis
    Christo Leventis

    Non-Executive Director

    Appointed: June 2014.

    Skills, experience and contribution: Christo worked as an Investment Analyst with Credit Suisse Asset Management from 1994 to 1999. In 2001, he joined J.P. Morgan Securities as an Equity Research Analyst focusing on European beverage companies. From 2003 until March 2014, Christo was a member of the Board of Directors of Frigoglass S.A.I.C., a leading global manufacturer of commercial refrigeration products for the beverage industry. Christo holds a BA in Classics from University College London and an MBA from the Kellogg School of Management in Chicago.

    External appointments: Christo is the Chairman of Alpheus Capital, a single‑family private equity investment office.

    Nationality: British

  • The-Board-2024-Alexandra-Papalexopoulou The-Board-2024-Alexandra-Papalexopoulou
    Alexandra Papalexopoulou

    Independent Non-Executive Director

    Appointed: June 2015.

    Skills, experience and contribution: Alexandra worked previously for the OECD and the consultancy firm Booz, Allen & Hamilton, in Paris. From 2003 until February 2015, she served as a member of the board of directors of Frigoglass S.A.I.C. From 2010 to 2015, she served as a member of the board of directors of National Bank of Greece and from 2007 to 2009, she served as a member of the board of directors of Emporiki Bank. Alexandra holds a BA in Economics and Mathematics from Swarthmore College in the US and an MBA from INSEAD in France.

    External appointments: Alexandra is the Deputy Chair of the Group Executive Committee at Titan Cement Company S.A., with direct oversight of Group Strategy and Business Development, Trading, Legal and the Group’s operations in the Eastern Mediterranean, where she has been employed since 1992 and has served as Executive Director since 1995. Alexandra is treasurer and a member of the board of directors of the Paul and Alexandra Canellopoulos Foundation, a member of the board of trustees of the INSEAD business school and, a member of the board of trustees of the American College of Greece and an independent non-executive director of Aegean Airlines.

    Nationality: Greek

  • The-Board-2024-Evguenia-Stoitchkova The-Board-2024-Evguenia-Stoitchkova
    Evguenia Stoitchkova 

    Non-Executive Director

    Appointed: May 2023.

    Skills, experience and contribution: Evguenia is currently the president of Global Ventures for The Coca-Cola Company, a unit that focuses on globally scaling acquisitions and brands, including Costa Coffee and Coca-Cola’s investment in Monster Beverage Corp. Prior to her current role, Evguenia served as president of the company’s Eurasia & Middle East operating unit. From 2017 to 2020, Evguenia was president of the Turkey, Caucasus and Central Asia business unit. From 2013 to 2017, Evguenia served as franchise general manager for Italy and Albania. From 2010 to 2013, she was franchise operations director for Romania, Bulgaria, Moldova and Albania.

    Evguenia joined Coca-Cola Bulgaria in 2004 as franchise country manager. She became marketing manager for sparkling soft drinks in the Adriatic and Balkans business unit in 2007. She was named as area marketing manager in Romania, Bulgaria, Moldova and Macedonia in 2008 before becoming brand director for still beverages for South Eastern Europe in 2009. Evguenia started her career at Danone Group in 1994 and led Danone marketing in Bulgaria from 2000 to 2004. 

    Nationality: Bulgarian

  • The-Board-2024-George-Pavlos-Leventis The-Board-2024-George-Pavlos-Leventis
    George Pavlos Leventis 

    Non-Executive Director

    Appointed: May 2023.

    Skills, experience and contribution: George was appointed to the Board of Directors of Frigoglass S.A.I.C as a non-executive member in April 2014 and currently holds the position of Vice Chairman. George previously worked as an analyst in fund management and holds an Investment Management Certificate from the CFA Society. He graduated with a bachelor’s degree in Modern History from Oxford University and holds a postgraduate Law degree from City University in the UK. 

    Nationality: British

  • 09_BoD_Anastasios 09_BoD_Anastasios
    Anastasios I. Leventis

    Non-Executive Director

    Appointed: June 2014.

    Skills, experience and contribution: Anastasios began his career as a banking analyst at Credit Suisse and then American Express Bank. He has previously served on the boards of the Cyprus Development Bank and Papoutsanis SA. He holds a BA in Classics from the University of Exeter and an MBA from New York University’s Leonard Stern School of Business.

    External appointments: Anastasios is a board member of A.G. Leventis (Nigeria) Ltd. He is also a director of Alpheus Administration, a private company that administers assets for private clients and charitable foundations. In addition, he serves as a trustee of the A.G. Leventis Foundation, a member of the Board of Overseers of the Gennadius Library in Athens and a member of the Campaign board of the University of Exeter. He is a co‑founder of the Cyclades Preservation Fund.

    Nationality: British

  • leads the Board, sets the agenda and promotes a culture of openness and debate; 
  • is responsible for overall effectiveness in leading the Company and setting the culture; 
  • ensures the highest standards of corporate governance; 
  • is the main point of contact between the Board and management; and 
  • ensures effective communication with shareholders and stakeholders.

  • leads the business, implements strategy and chairs the Operating Committee; and
  • communicates with the Board, shareholders, employees, government authorities, other stakeholders and the public.

  • acts as a sounding board for the Chairman and appraises his performance; 
  • leads the independent non-Executive Directors on matters that benefit from an independent review; and
  • is available to shareholders if they have concerns which have not been resolved through the normal channels of communication.

  • contribute to developing Group strategy;
  • scrutinise and constructively challenge the performance of management in the execution of the Group’s strategy; and
  • oversee succession planning, including the appointment of Executive Directors.

  • ensures that correct Board procedures are followed and ensures the Board has full and timely access to all relevant information;
  • facilitates induction and training programmes, and assists with the Board’s professional development requirements; and
  • advises the Board on governance matters.

Our Board has delegated specific tasks to its committees as set out in the Organisational Regulations and reports from these committees are set out in this Corporate Governance Report. Biographies of the Chairs of the Board committees and the other members of the Board, the Audit and Risk Committee, the Nomination Committee, the Remuneration Committee and the Social Responsibility Committee are set out on pages 80-82 of our Integrated Annual Report.

Responsibilities

  • Oversight of the accounting policies, financial reporting and disclosure controls; the Group’s approach to internal controls and risk management; and the quality, adequacy and scope of internal and external audit functions.
  • Oversight of the Company’s compliance with legal, regulatory and financial reporting requirements, and the work programme of the internal audit function. 
  • External auditor reports directly to the Committee.

Responsibilities

  • Establishment of the remuneration strategy for the Group; determines and agrees with the Board the remuneration of Group Executives and approves remuneration for the Chairman and the Chief Executive Officer. 
  • Makes recommendations to the Board regarding remuneration matters to be approved at the Annual General Meeting. 
  • Implementation or modification of any employee benefit plan resulting in an increased annual cost of €5 million or more.

Responsibilities

  • Identification and nomination of new Board members, including recommending Directors to be members of each Board Committee
  • Ensuring adequate Board training; supporting the Board and each committee in conducting a self-assessment; 
  • Oversight of the establishment of a talent development framework for the Group. 
  • Oversees effective succession planning for the Chief Executive Officer, in consultation with the Chairman, and for the Operating Committee, in consultation with the Chief Executive Officer.

Responsibilities

  • Supports the Board in its responsibilities to safeguard the Group’s reputation for responsible and sustainable operations. 
  • Oversight of the Group’s engagement with stakeholders to assess their expectations, and the possible consequences of these expectations for the Group. 
  • Establishes principles governing social and environmental management, and oversees development of performance management to achieve social and environmental goals.

The Executive Leadership Team, led by the Chief Executive Officer, meets 12 times each year and provides the Group with executive leadership. The Team has responsibility for: the development of long-term strategies and the implementation of strategies approved by the Board; providing adequate head-office support for each of the Group’s countries; working closely with the country General Managers, as set out in our operating framework; and the setting of annual targets and approval of annual business plans which form the basis of the Group’s performance management.