Governance

Supervisory Board and Committees

The Supervisory Board is responsible for supervising and advising the Executive Board and for overseeing the general direction of Refresco’s operations and strategy. The Supervisory Board is guided by the interests of Refresco taking into account the interests of its stakeholders and shall also have due regard for corporate social responsibility issues.

Remuneration and Nominating Committee:

This committee is responsible for advising the Supervisory Board on the remuneration of the Executive Board, reviewing the Executive Board’s proposals concerning the remuneration policies for the higher management within Refresco and advising on appointment procedures for and assessment of the functioning of Executive Board members and Supervisory Board members.

Audit Committee

This committee supervises the internal risk management and control systems and the provision of financial information by the company. It furthermore supervises the role and functioning of the internal auditor and the relations with the external auditor.

The Supervisory Board is guided by the company’s Articles of Association, the By-Laws of the Supervisory Board, the Supervisory Board profile and the Rotation Plan. In addition hereto, the Remuneration and Nominating Committee and the Audit Committee each have their own Terms of Reference.

Composition of the Supervisory Board
 (members marked with * are independent members within the meaning of the Dutch Corporate Governance Code)

  • Yiannis Petrides*

    Chairman of the Supervisory Board

    Mr. Petrides (1958, male, a Cyprus national) has broad experience in the FMCG and soft drinks industries. Until 2014, Mr. Petrides also served as Vice Chairman of the board of directors of Campofrio Food Group. Mr. Petrides is additionally Chairman of the board of Largo (Wind Hellas Telecoms) and a member of the board of Puig. Mr. Petrides worked for 23 years with Pepsico, the last 10 as President Europe for the Pepsi Bottling Group and retired in 2010. He obtained a Master’s degree in Economics and Political Science from Cambridge University in 1982 and a Master’s degree in Business Administration from Harvard University in 1984.

  • Theo De Kool*

    Member of the Supervisory Board

    Mr. de Kool (1952, male, a Dutch national) was a member of the supervisory board of Van Gansewinkel Groep until 30 June 2015. He was the Vice Chairman of the executive board of Blokker Holding as of November 2013 until June 2015. Subsequently, he became the Chairman and CEO of Blokker Holding until 31 December 2015. He has also served as CFO/Finance Director of Blokker Holding and as a member of Blokker Holding’s supervisory board. Furthermore, Mr. de Kool was CFO of Sara Lee Corporation based in Chicago, member of the executive board and supervisory board of Sara Lee/DE and recently Mr. de Kool was a Director and CFO and subsequently CEO of Univeg group in Belgium. Mr. de Kool received his Master’s degree in Economics from Erasmus University Rotterdam and finished his studies at Nyenrode Business University.

  • Nicolas Brugère

    Member of the Supervisory Board

    Mr. Brugère (1980, male, a French national) joined the Refresco Supervisory Board on 29 March 2018 following the settlement of the acquisition of Refresco by PAI & bcIMC. Mr. Brugère joined PAI in 2006 and is a member of the consumer goods team. He currently serves as member of the boards of Marcolin and of Euro Media Group. Prior to joining PAI, he worked as a consultant for the Boston Consulting Group in Paris. Mr. Brugère is a graduate from Sciences Po (Institut d'Etudes Politiques de Paris) and holds a degree in Business Administration from the HEC School of Management.

  • Frédéric Stévenin

    Member of the Supervisory Board

    Mr. Stévenin (1966, male, a French national) joined the Refresco Supervisory Board on 29 March 2018 following settlement of the acquisition of Refresco by PAI & bcIMC. Mr. Stevenin is the partner in charge of the food & consumer and healthcare sector teams and Chief Investment Officer at PAI. He currently serves as member of several boards, including Froneri and Labeyrie. He first joined PAI in 1993 and spent five years in the food & beverage sector team. In 1998, he joined Deutsche Bank / Bankers Trust in the European acquisition finance group as a Director and subsequently as Managing Director. In 2001, he returned to PAI, where he has been involved in a number of transactions including Panzani, Amora Maille, Antargaz, Yoplait, Elis, Panzani-Lustucru, Chr. Hansen, United Biscuits, Marcolin and DomusVi. Mr. Stévenin is a graduate from business school ESCP Europe.

  • Julian Remedios

    Member of the Supervisory Board

    Mr. Remedios (1970, male, a Canadian national) joined the Refresco Supervisory Board on 29 March 2018 following the settlement of the acquisition of Refresco by PAI & bcIMC. Mr. Remedios is a senior portfolio manager in the private equity group of bcIMC. He has been involved in all aspects of bcIMC’s private equity activities over the last ten years, with particular focus on the international portfolio and direct investing activities. Among other current responsibilities, he leads bcIMC’s private equity healthcare sector team. Mr. Remedios holds a B.Comm (Finance) – from UBC Sauder School of Business, University of British Columbia, Vancouver, British Columbia, Canada and an MBA from Rotman School of Management, University of Toronto, Ontario, Canada. He is a Chartered Professional Accountant.

  • Jim Pittman

    Member of the Supervisory Board

    Mr. Pittman (1963, male, a Canadian national) joined the Refresco Supervisory Board on 29 March 2018 following the settlement of the acquisition of Refresco by PAI & bcIMC. Mr. Pittman is a senior finance executive focused on private equity on behalf of pension funds since 2005. He has co-led and completed over 20 private equity deals worldwide with a number of private equity partners. Mr. Pittman was the lead Director for Telesat, Haymarket Financial, Noranco, Kinetic Concepts, AmWins Insurance, and was a Director for Noodles and Company until 2013. He is currently a lead Director for bcIMC for Pilot Freight Services Inc. Prior to the pension fund industry, he was CFO for a number of operating companies. Mr. Pittman is holds a B.Comm (Finance) from Memorial University, St. John’s, Newfoundland, Canada and is a Chartered Professional Accountant.