Cott Corporation said yesterday that its executive vice president and chief financial officer, Raymond P. Silcock, was to resign from the company after nearly seven years in this role, effective April 29, 2005.

"I've had the pleasure of being part of this company's incredible growth story over the past several years," said Silcock. "The time is right for me to step down and pursue other interests."

"Ray has made a significant contribution to Cott during his tenure as CFO," added John K. Sheppard, president and CEO. "His financial leadership during a period of unprecedented expansion helped Cott to achieve its position as the world's largest producer of retailer brand carbonated soft drinks."

The company said it will begin the search for a new CFO immediately. Tina Dell'Aquila, Cott's vice president and controller, will serve as CFO on an interim basis.

"Tina has the full support of the Board and executive management as we implement our back-to-basics plan for profitable growth that I outlined at Cott's annual shareowners meeting last week," added Sheppard.