CCA announced its full-year results last month

CCA announced its full-year results last month

Coca-Cola Amatil's (CCA) managing director is to leave the role in 18 months time after 11 years at the helm. 

Terry Davis will leave the Australia-based bottler on 31 August, 2014, CCA chairman David Gonski said today (18 March), highlighting speculation over the past 18 months about the company's succession plans. “The next 18 months will be crucial for CCA ... and the board felt it was prudent to provide the market with certainty as to Terry’s tenure,” Gonski said.

Last year, CCA announced a major investment in Indonesia and Gonski said the company has “accelerated plans for growth” in the region. Davis called Indonesia a “standout performer” in full-year results announced last month.

CCA said it will start the search for a successor to Davis "in the coming months".