Coca-Cola Amatil has hiked the price of their soft drinks by five per cent in an endeavour to protect margins in the face of soaring costs of key inputs like sugar, according to the Australian Financial Review. Australia’s largest soft drink maker is dealing with steady price increases of some of their key resource costs, including sugar and aluminium. The sugar price reached a 29-year high at the beginning of the month but has since retreated a little as markets become more volatile. And CCA... ...Read more »
Coca-Cola Amatil has announced the appointment of Martin Jansen to the role of non-Executive Director, effective immediately. Mr Jansen will take the vacated position of Irial Finan in one of the two board positions reserved for major shareholder The Coca-Cola Company. He is currently the CEO of Coca-Cola China Industries Ltd and also responsible for TCCC’s investment interests in Shanghai. “We are delighted that Martin, with his extensive knowledge and experience of fast moving consumer... ...Read more »
Irial Finan, a Non-Executive Director at soft drinks firm Coca-Cola Amatil, has announced his intention to retire following the last Board meeting of the year - to be held on December 14-15. Mr Finan has served on the Board since August 2005 as one of two nominees from major shareholder The Coca-Cola Company (TCCC). He is leaving due to increased commitments at TCCC. “We are sad to see Irial go,” CCA Chairman David Gonski said. “He has made a very valuable contribution to CCA over... ...Read more »
Coca-Cola Amatil (CCA) Chief Executive, Terry Davis, has refuted claims that their major shareholder is exerting too much pressure in the wake of the failed Lion Nathan bid and advised that they are yet to see signs of an Australian recession. The Coke bottler in Australia and Australia’s largest soft drink producer recently saw a bid from Lion Nathan fail due to a lack of support from their Board and a failure of Lion Nathan to come to terms with Atlanta-based TCCC (The Coca-Cola Company)... ...Read more »