Dan Timotin, 36, had previously been part of the management team of cold cuts maker Caroli, both before and after its merger with Campofrio, from 2006 through 2011. He was executive director finance, IT and legal of Caroli Foods from 2006 through 2010 and executive director finance, IT, procurement and integration of Caroli-Campofrio between 2010 and 2011. The two producers merged in 2010. Before taking a job in the cold cuts industry, Timotin worked as finance manger of Reckitt Benckiser EEU, a company whose brand portfolio includes Nurofen, from 2002 through 2006.
Coca-Cola Hellenic Bottling Company owns three plants in Romania, in Ploiesti, Timisoara and Vatra Dornei and has been operating on this market for about twenty years.
Coca-Cola HBC posted almost EUR415 million sales last year and EUR45 million profit. It saw its business shrink by over EUR130 million from 2008 through 2010, while the number of employees dropped to about 1,815 from 2,560 in 2008, according to ZF calculations based on the data available on the Finance Ministry’s website. In spite of all this, the profit margin maintained at around 10%.
The company bottles Coca-Cola, Fanta, Sprite, Schweppes, Cappy Tempo and other beverages in Romania.
(English version by Loredana Fratila-Cristescu)