|
Cadbury Schweppes Americas Beverages will become an independent company following the completion of the proposed spin-off from Cadbury Schweppes plc announced earlier today. Ahead of the separation Gil Cassagne has decided to resign for personal reasons to pursue other interests.
Larry Young, who has been appointed president and CEO of Americas Beverages, said, “This is a very exciting day for Americas Beverages. We have a strong business and an established market position in the nonalcoholic beverages category. As an independent company, we are poised for continued success because of our preferred brands, our integrated business model and our heritage of innovation.
“I would also like to take this opportunity to express our thanks to Gil Cassagne, who has done an outstanding job leading the business and making it the success that it is today.”
|
|
|