Coca-Cola Europacific Partners (CCEP) has disclosed the resignation of Nik Jhangiani, Senior Vice President and Chief Financial Officer (CFO), as he prepares to assume the role of CFO at Diageo plc later in 2024. The company is actively engaged in identifying Jhangiani's successor, with a comprehensive search already underway.
Jhangiani, who has played a pivotal role in CCEP's financial strategy, will continue in his current capacity to facilitate a seamless transition process. Damian Gammell, CEO of CCEP, expressed gratitude for Jhangiani's significant contributions, acknowledging, "I have been privileged to work closely with Nik for nearly a decade and I want to thank him for his outstanding contribution to CCEP and the wider Coca-Cola system. He has developed a strong team and we have great talent at CCEP who will continue to drive the fantastic business we have become today. I wish Nik the best in his new role, and I look forward to announcing his successor in the near future."
In response, Jhangiani conveyed his appreciation for the opportunity to contribute to CCEP's growth and success. Reflecting on his tenure, he expressed pride in the achievements made possible through collaboration with dedicated colleagues. He reaffirmed his commitment to fulfilling current obligations while ensuring a smooth handover to his successor, emphasizing his continued support for the company's ongoing endeavors.
CCEP stands as a premier consumer goods entity on the global stage, renowned for its production, distribution, and marketing of beloved brands. With a reach spanning 31 countries, the company serves nearly 600 million consumers and supports over 2 million customers. Its operational model seamlessly integrates the scale of a multinational corporation with a nuanced understanding of local markets and communities.
Listed on multiple stock exchanges, including Euronext Amsterdam, NASDAQ (and a constituent of the Nasdaq 100), London Stock Exchange, and the Spanish Stock Exchanges, CCEP is recognized for its robust presence in the financial markets.
The impending transition in the CFO position marks a significant moment for CCEP, yet the company remains steadfast in its commitment to delivering value to stakeholders and upholding its reputation as an industry leader.
The forthcoming appointment of a new CFO will undoubtedly shape the company's financial strategy in the years ahead, as CCEP continues to uphold its legacy of excellence in the global consumer goods landscape.
