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Coca-Cola Amatil seeks new Group Chief Financial Officer

Coca-Cola Amatil seeks new Group Chief Financial Officer

Coca-Cola Amatil has announced Martyn Roberts has resigned as Group Chief Financial Officer to take up a position with an ASX-listed company in the health care sector.

Roberts will continue in his role with Amatil for the coming months, including through the presentation of the FY2019 Results.

Group Managing Director Alison Watkins said Roberts had played a pivotal role at Amatil since joining the company in 2015.

“Martyn has been truly outstanding in his management of our strategic finance initiatives, investor engagement, business transformation and supporting the regional beverages powerhouse model,” Watkins said.

“His particular focus on our long-term value creation model, developing finance capability, and finance community leadership have also been of immense value to Amatil. We’re sorry to see him depart and wish him all the best in his new role.”

Roberts stepped in as Amatil's interim managing director of Australian Beverages last year when the late Peter McLoughlin, who had been caretaking the role until new MD Peter West started in April 2018, took immediate, extended sick leave in January 2018 after battling ill health.

Previously, Roberts was with Woolworths for seven years. He held several senior executive positions including Finance Director Supermarkets, General Manager Petrol, General Manager Corporate Strategy & Business Development and Group Financial Controller & Head of Investor Relations. Prior to Woolworths, he spent 10 years in various senior financial roles within the fashion and luxury goods sector in Sydney, London, Hong Kong and Paris.

Watkins said the Group Chief Financial Officer role would be subject to an internal and external search to identify a suitable candidate to replace Roberts in 2020.

Watkins confirmed the end of 2019 will mark the completion of Amatil’s two-year transition period, with the company remaining committed to its Shareholder Value Proposition targeting a return to mid-single digit earnings per share (EPS) growth from 2020.