Coca-Cola Enterprises has announced that Gary Fayard, chief financial officer of The Coca-Cola Company, is to leave the bottling firm's board of directors.

Fayard has resigned from the Coca-Cola Enterprises (CCE) board in order to "focus more on his work for The Coca-Cola Company", a CCE spokesperson told just-drinks today (23 October).

He will be replaced by 70-year-old John Hunter, who has served on the boards of Coca-Cola Amatil and Coca-Cola Ltd (now Coca-Cola Hellenic Bottling Company) among others, and most recently as Chairman of Seagram Spirits and Wine Group.

Hunter will serve out the remainder of Fayard's term, which ends in April 2010, and will also sit on CCE's Corporate Responsibility and Sustainability committee.

Separately, CCE today declared a dividend of US$0.7 per common share, payable to shareholders on 11 December.

CCE also today reported a fall in third quarter earnings to $214m, down from $268m in the third quarter of 2007. It predicted full-year operating profit would fall 10%, with a 20% decline expected in North America.