David Kappler has stepped down as CFO of Cadbury Schweppes. Further to the announcement made on 21 January 2004, Kappler stood down yesterday pending his retirement from the company in June this year.

Ken Hanna, CFO designate, now formally takes up his position and becomes a director of the company.

Hanna currently holds 25,000 ordinary shares of 12.5 pence each in the company. He also has a potential interest in 225,000 ordinary shares of 12.5 pence each, vesting in three tranches of 75,000 shares each, three, four and five years respectively after his joining the company.

Kappler will retire after 38 years with the company.