US: CCE appoints two board additions
Coca-Cola Enterprises has announced the election of two additions to its board of directors.
Thomas Johnson and Curtis Welling joined the board as directors for CCE late last week. Johnson, former chairman and CEO of the international packaging company Chesapeake, will serve on the board's audit, finance and governance committees.
Welling, CEO of the humanitarian aid and crisis relief foundation AmeriCares, will serve on the board's human resources and compensation, affiliated transaction, and corporate responsibility and sustainability committees.
CCE non-executive chairman Lowry Kline said: "We look forward to working with both Tom and Curtis, two individuals who have expertise in several disciplines, from packaging and recycling to investment banking, philanthropy and sustainability. Each of them has extensive international management experience, and their perspectives on and familiarity with the issues that concern our company will be very valuable to our board of directors."
Johnson's term will expire in April 2009, and Welling's term will expire in April 2008.
CCE recently reported a 6.3% fall in first quarter net income, as the soft drinks bottler dealt with restructuring charges and a loss on equity securities.
Last week, the company recorded net income of US$15m on $4.6bn in revenue, compared with net income of $16m on $4.3bn in sales in the first quarter of 2006.
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