• CEO Hans Roelofs to retire effective August 1, 2025
• Refresco’s Supervisory Board has launched succession plan

Refresco, a global independent beverage solutions provider, announces that Chief Executive Officer Hans Roelofs will retire, effective August 1, 2025.

Hans Roelofs has had a distinguished career spanning over 18 years at Refresco. Under his leadership, Refresco successfully expanded, and now operates in 13 countries across 75 manufacturing sites and has a global workforce of over 14,000 employees. Building on its resilient business model, Refresco has enjoyed a journey of substantial value creation, demonstrating the strength and adaptability of its operations.

James Cunningham, Partner of KKR and Chairman of the Refresco Supervisory Board, stated: “I would like to thank Hans for his tremendous career at Refresco and the role he played in driving the Company’s success for nearly two decades. Hans’s passion for and commitment to Refresco is admirable, and he was instrumental to the Company’s ascent to a global leadership position. We are grateful for his leadership in positioning Refresco for continued success in the years to come as we continue to expand the Company’s footprint and execute on our proven strategy to grow alongside our strong and diversified customer base.”

CEO Refresco, Hans Roelofs, commented: “It has been a true privilege and honor to lead Refresco since 2007. Together with our passionate and highly professional team, we have grown the business from a small regional player into the global leader in beverage solutions that we are today. With its blue-chip customer base, Refresco is now stronger and more resilient than ever, and I am proud of what we have achieved. This is the right time for me to step back, confident that the company will continue to grow and thrive on its unique entrepreneurial spirit and the agility of its people.”

Frédéric Stévenin, Managing Partner of PAI and Refresco Supervisory Board Member said: “I would like to thank Hans for his outstanding, dedicated service to Refresco and its stakeholders since he joined the Company in 2007. Under his leadership, Refresco went through a period of unprecedented growth and transformation. We look forward to celebrating Hans’s many amazing accomplishments as his formal retirement date nears.”

Refresco’s Supervisory Board has already launched a succession planning process to identify and appoint the best candidate to lead the Company’s next chapter, and is expecting to announce a new CEO in due course. While this process is ongoing, the Board and the Company are committed to ensuring a smooth leadership transition, with Hans remaining in his role as CEO until his retirement date.

Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, announces that Daemmon Reeve has informed the Board of his intention to retire from his role as Chief Executive Officer and as a director of the Company.

Daemmon’s retirement comes after 32 years with Treatt, the last 11 years as CEO. He has agreed with the Board that he will step down from his role on 31 December 2023 and will step down immediately from Treatt’s Nomination Committee.

The Board regularly reviews succession planning and has begun the process to appoint a new CEO.

Until a new CEO is appointed, Ryan Govender, the Company’s Chief Financial Officer, will be appointed as Interim CEO from 1 January 2024. Building on his international and diverse experience from his previous roles, most recently within Associated British Foods, Ryan has a strong understanding of the business and has played a key role as part of the Treatt team in formulating an ambitious strategy for the future of the business.