Leadership Change Ahead for Beverage Giant Refresco

Beverage supplier Refresco will have a change in leadership as its CEO, Hans Roelofs, has announced his retirement, effective Aug. 1.

During his 18 years with the company, Refresco expanded its operations and today has a presence in 13 countries with 75 manufacturing sites and a workforce of more than 14,000.

"It has been a true privilege and honor to lead Refresco since 2007," Roelofs said. "Together with our passionate and highly professional team, we have grown the business from a small regional player into the global leader in beverage solutions that we are today. With its blue-chip customer base, Refresco is now stronger and more resilient than ever, and I am proud of what we have achieved."

Refresco's supervisory board has launched a succession planning process to identify and appoint the company's next CEO. While this process is ongoing, the board and the company are committed to ensuring a smooth leadership transition, with Roelofs remaining in the CEO spot until his retirement date.

"I would like to thank Hans for his tremendous career at Refresco and the role he played in driving the company's success for nearly two decades," said James Cunningham, partner of KKR and chairman of Refresco's supervisory board. "Hans' passion for and commitment to Refresco are admirable, and he was instrumental to the company's ascent to a global leadership position."