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Amatil CFO resigns for health care role

Coca-Cola Amatil group sales fell 9.2 per cent in the first half of FY20.

Coca-Cola Amatil’s group chief financial officer (CFO) Martyn Roberts has resigned to take up a position with ASX-listed Ramsay Health Care.

Roberts, who has been with the company since July 2015, will continue in his role with Amatil over the coming months and for the presentation of the FY2019 results.

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

Amatil will conduct an internal and external search for a new CFO in 2020.

Watkins noted 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.

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