Coca-Cola Amatil loses senior managers

Coca-Cola Amatil (CCA) has announced the departure of two senior executives, chief financial officer Nessa O'Sullivan and SPC managing director Peter Kelly.

O’Sullivan (pictured) will leave her role following completion of year end processes and the February EGM but will remain available to assist as required until end of May.

She has been with CCA for 10 years and was appointed Group CFO of CCA in 2010, following six years in various senior finance roles in CCA's Australian beverages business.

Kelly, Managing Director of SPC, will leave his role at the end of March 2015.

He has been with the Coca-Cola system for over 25 years, having worked with Coca-Cola South Pacific before joining CCA in 1993. During this time he has held various operational roles in many of our markets, including Australia, Indonesia and Papua New Guinea.

CCA Chairman Mr David Gonski paid tribute to O'Sullivan and Kelly.

"The CCA Board has highly valued both Ms O’Sullivan and Mr Kelly for their professionalism, integrity and commitment to the success of the Company,” he said in a statement.

“On behalf of the Board, I thank them and wish them well for the future."

According to the AFR, the changes are part of a larger reshuffle within the company.

CCA recorded a bottom-line profit of $79.9 million in 2013, which was an 82.5 per cent decrease from the previous year. It is expected to cut 260 jobs this year as it attempts to reduce costs by $100 million over three years.

The company reported a net profit of $182.6 million in the first half of the 2014 calendar year.

Replacements for O'Sullivan and Kelly have not yet been announced.

CCA Group Managing Director Alison Watkins said, “CCA is always conscious of the importance of succession and with talent available both within CCA and externally, I am confident that we will announce successors for both roles in the near future.”

Image: CIO