Coca-Cola Europacific Partners (NASDAQ: CCEP) details director retirement and appoints new independent board member
Rhea-AI Filing Summary
Coca-Cola Europacific Partners plc is planning a Board transition, with Independent Non-Executive Director and Senior Independent Director Thomas Johnson retiring at the conclusion of the Annual General Meeting on 28 May 2026 after around a decade of service. He has held key roles on the Environmental, Social and Governance, Remuneration, Nomination and Affiliated Transaction Committees, and is credited with helping guide the company through significant transformation since the merger.
As part of its succession planning, the Board has approved the appointment of Laurence Debroux as an Independent Non-Executive Director, effective from the end of the same AGM on 28 May 2026. The Board has determined she is independent under the UK Corporate Governance Code. Debroux brings extensive finance and governance experience from senior roles at Heineken, JCDecaux and SANOFI, and currently serves on the boards and audit committees of EXOR N.V. and Randstad N.V. The Nomination Committee will review Board committee compositions and the next Senior Independent Director appointment and will provide further details later.
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FAQ
What Board changes did Coca-Cola Europacific Partners (CCEP) announce in this 6-K?
CCEP announced that Thomas Johnson, an Independent Non-Executive Director and Senior Independent Director, plans to retire from the Board at the conclusion of the AGM on 28 May 2026, and that Laurence Debroux has been approved as a new Independent Non-Executive Director, effective from the end of the same AGM.
When will Thomas Johnson retire from the CCEP Board and what roles has he held?
Thomas Johnson will retire from the Board at the end of the AGM on 28 May 2026. He has served as Senior Independent Director since May 2016, sat on the Environmental, Social and Governance and Remuneration Committees, chaired the Nomination Committee, and is currently Chairman of the Affiliated Transaction Committee.
Who is Laurence Debroux and what experience will she bring to the CCEP Board?
Laurence Debroux is an experienced business leader with a strong background in finance, strategy, business development and governance in global consumer-focused companies. She previously served as CFO and Executive Board member at Heineken N.V., held senior roles at JCDecaux and SANOFI, and currently is a Non-Executive Director at EXOR N.V. and a Supervisory Board member at Randstad N.V., chairing the audit committees at both.
Is the new CCEP director, Laurence Debroux, considered independent under UK corporate governance rules?
Yes. The Board has determined that Laurence Debroux is independent in line with the UK Corporate Governance Code. It concluded there are no relationships or circumstances likely to affect her judgement, and any that might appear to do so are not considered material.
What further changes to CCEP Board committees are expected following these moves?
The Nomination Committee is continuing to review the composition of the Board Committees in light of the appointment of Ms. Debroux and the retirement of Mr. Johnson. The company states that further information on committee appointments and the appointment of the next Senior Independent Director will be provided in due course.
How does this filing describe Coca-Cola Europacific Partners’ business and stock listings?
The company is described as one of the world’s leading consumer goods businesses, making, moving and selling some of the world’s most loved brands, serving nearly 600 million consumers and supporting over 4 million customers across 31 countries. Its shares trade under the symbol CCEP on Euronext Amsterdam, NASDAQ, the London Stock Exchange and the Spanish Stock Exchanges.
