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Food & drink

Coca‑Cola HBC announces death of CEO, just weeks after saying he was taking leave of absence

The FTSE 100-listed soft drinks bottler said Michalis Imellos will continue in the role of Acting CEO, with further announcements to be made in due course

Coca‑Cola HBC AG (LON:CCH) has announced the death of its CEO, Dimitris Lois, on 2 October 2017 just weeks after announcing that he was taking a leave of absence for treatment of a medical condition.

In a statement today, Anastassis David, the FTSE 100-listed soft drinks bottler's chairman, said: "We are deeply saddened by the news of Dimitris's death.”

READ: Coca-Cola HBC boss Dimitris Lois takes four-month leave of absence for medical treatment

He added: “It was a great privilege to know him personally and to work alongside him for so many years. Dimitris will always be remembered for his dedication to our people and for the values he stood for."

The group said Michalis Imellos will continue in the role of Acting CEO, with further announcements to be made in due course.

Coca Cola HBC announced on September 15 that Lois was taking a four-month break to undergo treatment for a medical condition.

At that time, the group said its chief financial officer Imellos will fill in for Lois while he is away.

In early morning trading today, Coca-Cola HBC shares were down 2%, or 50p at 2,507p.

-- Adds share price --

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