Former SABMiller CFO, Domenic De Lorenzo, to join Bounty Brands as Non-Executive Director
Bounty Brands, the fast moving consumer goods business with a portfolio of leading brands that are available in over 40 countries, is pleased to announce the appointment of Domenic De Lorenzo as an Independent Non-Executive Director of Bounty Brands Holdings Limited with effect from 12 September 2017. Domenic is a chartered accountant and brings with him a wealth of financial management experience having spent in excess of 20 years at SABMiller – focussing on M&A, strategy and finance – reaching the position of Chief Financial Officer. He has worked extensively in Africa and Central Europe and was responsible for many of SABMiller’s major local and global M&A transactions. Domenic will play an important role in the growth and governance of Bounty Brands by acting as Chair of the Audit Committee and Senior Independent Non-Executive Director.Commenting on the appointment, Chris Bull, Chairman of Bounty Brands, said:“I am delighted to welcome Domenic to the Board of Bounty Brands. We are building positions in fast growing markets both through organic growth and acquisitions centred around South Africa and Central & Eastern Europe. Domenic will bring extensive experience to the Board and we look forward to benefitting from his advice and wisdom.”
Domenic De Lorenzo said:
“Bounty Brands is a company with ambitious plans and I see this as an exciting opportunity to work with an entrepreneurial management team that is dedicated to driving substantial and sustainable value”.
Stefan Rabe, Chief Executive Officer, added:
“Our vision is to create a successful multi-national consumer brands business delivering superior and sustainable growth. Domenic’s financial experience will be invaluable as we seek to integrate businesses assets across our operational footprint, improve their financial performance, and deliver on this vision”.
FTI Consulting LLP
Edward Bridges/Nick Hasell (London) + 44 207 727 1000
Max Gebhardt/Caroline Parker (Johannesburg) + 27 11 214 2400
About Bounty Brands
Bounty Brands is a fast moving multi-national consumer goods company with a portfolio of leading brands that are available in over 40 countries, mostly in the Southern African and Central & Eastern European regions. Its brands span a number of consumer sectors with the main focus being on food, personal care and home care. For more information, visit www.bb.co.za
Coast2Coast is a private investment company based in South Africa with offices in Johannesburg, Cape Town, London, Warsaw, Malta, Sydney & Melbourne. It is a value investor, using their own capital to finance investments. Coast2Coast achieves its vision by taking a semi-active ownership role in its portfolio of companies, and creating value for shareholders by partnering with management teams in order to improve strategic, operational and financial performance. Coast2Coast currently owns approximately 98% of Bounty Brands.