Coca-Cola HBC Management

Management criteria checks 4/4

Coca-Cola HBC's CEO is Zoran Bogdanovic, appointed in Dec 2017, has a tenure of 6.33 years. total yearly compensation is €4.07M, comprised of 20.4% salary and 79.6% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €13.60M. The average tenure of the management team and the board of directors is 3.4 years and 7.8 years respectively.

Key information

Zoran Bogdanovic

Chief executive officer

€4.1m

Total compensation

CEO salary percentage	20.4%
CEO tenure	6.3yrs
CEO ownership	0.1%
Management average tenure	3.4yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Zoran Bogdanovic's remuneration changed compared to Coca-Cola HBC's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€637m
Sep 30 2023	n/a	n/a	€642m
Jun 30 2023	n/a	n/a	€648m
Mar 31 2023	n/a	n/a	€532m
Dec 31 2022	€4m	€832k	€415m
Sep 30 2022	n/a	n/a	€441m
Jul 01 2022	n/a	n/a	€467m
Apr 01 2022	n/a	n/a	€507m
Dec 31 2021	€4m	€807k	€547m
Sep 30 2021	n/a	n/a	€536m
Jul 02 2021	n/a	n/a	€524m
Apr 02 2021	n/a	n/a	€469m
Dec 31 2020	€3m	€790k	€415m
Sep 30 2020	n/a	n/a	€416m
Jun 26 2020	n/a	n/a	€416m
Mar 26 2020	n/a	n/a	€452m
Dec 31 2019	€2m	€777k	€488m
Sep 30 2019	n/a	n/a	€457m
Jun 28 2019	n/a	n/a	€426m
Mar 28 2019	n/a	n/a	€437m
Dec 31 2018	€4m	€750k	€447m
Sep 30 2018	n/a	n/a	€449m
Jun 29 2018	n/a	n/a	€451m
Mar 29 2018	n/a	n/a	€439m
Dec 31 2017	€699k	€58k	€426m

Compensation vs Market: Zoran's total compensation ($USD4.37M) is about average for companies of similar size in the Greek market ($USD4.43M).

Compensation vs Earnings: Zoran's compensation has been consistent with company performance over the past year.

CEO

Zoran Bogdanovic (51 yo)

6.3yrs

Tenure

€4,073,000

Compensation

Mr. Zoran Bogdanovic has been the Chief Executive Officer of Coca-Cola HBC AG since December 7, 2017 and has been its Executive Director since June 11, 2018. Mr. Bogdanovic was a Region Director of Bosnia...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Zoran Bogdanovic	Ceo & Director	6.3yrs	€4.07m	0.12% € 13.6m
Naya Kalogeraki	Group Chief Operating Officer	3.6yrs	no data	0.023% € 2.6m
Jan Gustavsson	Chief Corporate Development Officer	22.7yrs	no data	0.039% € 4.3m
Marcel Martin	Chief Corporate Affairs & Sustainability Officer	9.3yrs	no data	0.31% € 34.6m
Ben Almanzar	Group Chief Financial Officer	3.2yrs	no data	0.0076% € 844.0k
Mourad Ajarti	Chief Digital & Technology Officer	no data	no data	0.018% € 1.9m
John Dawson	Head of Investor Relations	no data	no data	no data
Ebru Ozgen	Chief People & Culture Officer	less than a year	no data	0.0020% € 216.2k
Ivo Bjelis	Chief Supply Chain Officer	2.3yrs	no data	0.0060% € 667.5k
Maria Livaniou	Head of Shareowner Services	no data	no data	no data
Barbara Tonz	Group Chief Customer & Commercial Officer	2.9yrs	no data	0.00090% € 99.3k
Stuart Ward	Head of Sales Capability	no data	no data	no data

3.4yrs

Average Tenure

52yo

Average Age

Experienced Management: EEE's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Zoran Bogdanovic	Ceo & Director	5.8yrs	€4.07m	0.12% € 13.6m
George David	Chairman Emeritus	7.8yrs	no data	no data
William Douglas	Independent Non-Executive Director	7.8yrs	€114.00k	0.0027% € 302.3k
Reto Francioni	Senior Independent Non-Executive Director	7.8yrs	€126.62k	0.0019% € 210.7k
Christodoulos Leventis	Non-Executive Director	9.8yrs	€82.00k	no data
Anastassis David	Non-Executive Chairman	17.8yrs	€150.00k	no data
Olusola David-Borha	Independent Non-Executive Director	8.8yrs	€105.87k	no data
Anastasios Leventis	Non-Executive Director	9.8yrs	€95.00k	no data
Alexandra Papalexopoulou-Benopoulou	Independent Non-Executive Director	8.8yrs	€98.00k	no data
Anna Diamantopoulou	Independent Non-Executive Director	3.8yrs	€109.65k	no data
Henrique Braun	Non-Executive Director	2.8yrs	€88.59k	no data
Charlotte Boyle	Independent Non-Executive Director	6.8yrs	€101.50k	0.00028% € 30.9k

7.8yrs

Average Tenure

57yo

Average Age

Experienced Board: EEE's board of directors are considered experienced (7.8 years average tenure).

Coca-Cola HBC Management

Management criteria checks 4/4

Key information

Recent management updates

Coca-Cola HBC AG, Annual General Meeting, May 21, 2024

Coca-Cola HBC AG Announces Appointment of Anastasis Stamoulis as Group CFO

Coca-Cola Hbc Ag Announces Resignation of Ben Almanzar as Chief Financial Officer

Insider recently sold €908k worth of stock

Insider recently sold €560k worth of stock

CEO & Executive Director recently sold €173k worth of stock

Recent updates

Dividend increased to €0.93

Coca-Cola HBC AG to Report Q1, 2024 Results on Apr 30, 2024

Coca-Cola HBC AG, Annual General Meeting, May 21, 2024

Full year 2023 earnings released: EPS: €1.73 (vs €1.13 in FY 2022)

Coca-Cola HBC AG Provides Earnings Guidance for the Year 2024

Full year 2023 earnings released: EPS: €1.73 (vs €1.13 in FY 2022)

Coca-Cola HBC AG Announces Appointment of Anastasis Stamoulis as Group CFO

Coca-Cola HBC AG to Report First Half, 2024 Results on Aug 07, 2024

Coca-Cola Hbc Ag Announces Resignation of Ben Almanzar as Chief Financial Officer

New minor risk - Insider selling

Coca-Cola HBC AG (LSE:CCH) announces an Equity Buyback.

Coca-Cola HBC AG (LSE:CCH) announces an Equity Buyback.

Coca-Cola HBC AG to Report Fiscal Year 2023 Results on Feb 14, 2024

First half 2023 earnings released: EPS: €1.05 (vs €0.42 in 1H 2022)

Insider recently sold €908k worth of stock

Upcoming dividend of €0.78 per share at 2.7% yield

Price target increased by 16% to €28.50

Insider recently sold €560k worth of stock

Full year 2022 earnings released: EPS: €1.13 (vs €1.50 in FY 2021)

CEO & Executive Director recently sold €173k worth of stock

Full year 2022 earnings released: EPS: €1.13 (vs €1.50 in FY 2021)

Price target increased to €24.50

Coca-Cola HBC AG Provides Earnings Guidance for the Full Year 2022

Coca-Cola HBC AG to Report Fiscal Year 2022 Results on Feb 14, 2023

First half 2022 earnings released

Coca-Cola HBC AG Provides Earnings Guidance for the Year 2022

Coca-Cola HBC AG Provides Earnings Guidance for the Year 2022

Ideal Group in Discussions for Potential Sale of Its 100% Stake in Three Cents

Upcoming dividend of €0.71 per share

Coca-Cola HBC AG Approves Dividend, Payable on August 2, 2022

Price target decreased to €19.00

Coca-Cola HBC AG Proposes Dividend, Payable on 2 August 2022

Coca-Cola HBC AG, Annual General Meeting, Jun 21, 2022

Coca-Cola Hbc Ag Announces Ukraine and Russia Conflict Update

Investor sentiment deteriorated over the past week

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Coca-Cola HBC AG Proposes Dividend for the Year 2021

Coca-Cola HBC AG to Report First Half, 2022 Results on Aug 11, 2022

Now 20% undervalued after recent price drop

Country General Manager for Italy recently sold €241k worth of stock

General Counsel recently sold €795k worth of stock

First half 2021 earnings released: EPS €0.64 (vs €0.34 in 1H 2020)

Non-Executive Director Alfredo Rivera has left the company

Non-Executive Director Jose Octavio Reyes Lagunes has left the company

Coca-Cola HBC AG to Resolve Dividend, Payable on 3 August 2021

Full year 2020 earnings released: EPS €1.14 (vs €1.34 in FY 2019)

Revenue misses expectations

Full year 2020 earnings released: EPS €1.14 (vs €1.34 in FY 2019)

New 90-day high: €26.92

Price target raised to €28.60

New 90-day high: €26.83

New 90-day high: €25.73

Price target raised to €25.50

Coca-Cola HBC AG to Report Fiscal Year 2020 Results on Feb 11, 2021

Market bids up stock over the past week

New 90-day low: €20.85

New 90-day low: €20.94

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age