Premium mixers brand Fever-Tree has announced that Domenic De Lorenzo will become its Non-Executive Chair of the board next year.
De Lorenzo, who has been a Non-Executive Director at the company since 2018, will succeed the long-serving Bill Ronald, who will remain in the role during a handover period until the company’s AGM in May 2023.
The company noted that De Lorenzo has a wealth of global business experience across the consumer goods and beverages sectors, having previously spent over 20 years at SABMiller, where he focused on strategy and corporate finance before becoming Chief Financial Officer and an Executive Board Director.
Ronald commented: “Domenic brings exceptional leadership and commercial skills, with a clear focus on performance and a strong strategy skill set. Having worked with him in a Board capacity since 2018, I can attest to his strength of judgement and proven governance reputation and focus, as well as his personal leadership skills.”
De Lorenzo added: “It is a privilege to take on the role of Chair of Fever-Tree, a company that I am passionate about. I look forward to continuing to work with the Board as well as the executive team and supporting the business to deliver on its exceptional global potential.”
Fever-Tree’s recent half-year results showed that cost pressures were impacting its profits, but it was still seeing robust sales growth.
