Last checked at 12 Dec 2022 07:00
12 December 2022
Fevertree Drinks plc
("Fever-Tree" or the "Company")
Domenic De Lorenzo to succeed Bill Ronald as Chair
Fever-Tree, the world's leading supplier of premium carbonated mixers, today announces the appointment of Domenic De Lorenzo, a Non-Executive Director of the Board since May 2018, as Non-Executive Chair of the Board, to take effect on completion of the Company's AGM in May 2023.
Domenic will work closely with Bill Ronald during a handover period before assuming the role of Chair. Bill was appointed to the Board as Chair in June 2013 ahead of the Company's IPO in November 2014, and he informed the Board in May this year of his intention to retire from his role and step down from the Board at the 2023 AGM.
Domenic is a qualified Chartered Accountant and brings with him a wealth of global business experience across the consumer goods and beverages sectors, having previously spent over 20 years at SABMiller plc, the former FTSE 100 beverage company, where he focused on strategy and corporate finance before becoming Chief Financial Officer and an Executive Board Director.
Bill Ronald, Chairman, said: "Following a comprehensive recruitment process led by Coline McConville as Chair of the Nomination Committee, I am delighted to welcome Domenic as my successor.
"Domenic brings exceptional leadership and commercial skills, with a clear focus on performance and a strong strategy skill set. Having worked with him in a Board capacity since 2018, I can attest to his strength of judgement and proven governance reputation and focus, as well as his personal leadership skills."
Domenic De Lorenzo said: "It is a privilege to take on the role of Chair of Fever-Tree, a company that I am passionate about. I look forward to continuing to work with the Board as well as the executive team and supporting the business to deliver on its exceptional global potential."
Fever-Tree will make an announcement regarding Domenic's successor as Audit Committee Chair, a role which Domenic will relinquish at the time of becoming Chair, in due course.
Ends
For further information:
Investor queries
Ann Hyams, Director of Investor Relations I ann.hyams@fever-tree.com I +44 (0)2045 168 106
Media queries
Oliver Winters, Director of Communications I oliver.winters@fever-tree.com I +44 (0)770 332 9024
Nominated Advisor and Broker - Investec Bank plc
David Flin I Alex Wright I +44 (0)20 7597 5970
Corporate Broker - Morgan Stanley & Co. International plc
Andrew Foster I Jessica Pauley I +44 (0)20 7425 8000
Financial PR advisers - FGS Global
Faeth Birch +44 (0)7768 943 171 I Anjali Unnikrishnan I +44 (0)7826 534 233
Notes to Editors:
Fever-Tree is the world's leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, with distribution to over 85 countries worldwide. Based in the UK, the brand was launched in 2005 to provide high quality mixers which could cater to the growing demand for premium spirits, in particular gin, but also increasingly for vodka, rum and whisky. The Company now sells a range of carbonated mixers to hotels, restaurants, bars and cafes ("On Trade") as well as selected retail outlets ("Off Trade").