New agreement paves way for Terry Davis to continue at Coca-Cola Amatil beyond 2011

Posted by Daniel Palmer on 2nd November 2009

Coca-Cola Amatil boss Terry Davis has signed a new agreement with the soft drinks firm that is likely to ensure his position beyond 2011.

The deal will see him employed on term based a 12-month rolling contract, overriding the current service agreement that was due to end in November 2011. He will consequently be required to give 12-month’s notice as opposed to the three stipulated in the previous contract.

“Securing an agreement which secures Terry’s services to continue beyond 30 November 2011 is in the best interests of CCA and its shareholders,”Amatil Chairman David Gonski said. “Mr Davis continues to perform impressively and maintains the enthusiasm and commitment to deliver continued success.”

The news comes during a week in which they are due to report their latest trading update.