Neal Cravens comes to Cott with extensive experience gained in senior finance positions in public and private companies. He held a variety of roles during his 23-year tenure at Seagram Company Ltd, including senior vice president of finance, chief accounting officer and vice president of planning, mergers and acquisitions.
He also served as executive vice president and chief financial officer of Seagram’s Tropicana and Universal Music Group divisions. While at Seagram, Cravens had responsibility for SEC reporting, managing credit facilities, conducting equity and debt financings, and strategic initiatives.
More recently, Cravens has served in the chief financial officer role for several private companies, including the largest US consumer products broker, whose clients included some of Cott’s key retailer partners.
“We’re pleased to welcome Neal, who brings extensive domestic and international business experience to our team,” said Jerry Fowden, Cott’s CEO. “We’re confident in Neal’s abilities to continue to build the strength of our financial organisation and drive profitable and disciplined growth for Cott in the years to come.”
Cott also announced today that Juan Figuereo will step down as Cott’s CFO upon Neal Cravens’s appointment, but added that Figuereo will stay on to complete a smooth and efficient transition.
“We are thankful for the enormous contribution Juan made during a period of intense change for our company,” added Fowden. “Juan helped get Cott back on track during a difficult period, driving improvements in our operating processes and accounting controls, supporting the execution of our refocus plan and strengthening our capital structure.”
Source: Cott Corporation
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