The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year. CCEP is currently engaged in a comprehensive search to fill the position. Jhangiani will continue to fulfil his duties during the transition period to ensure a smooth handover of responsibilities. Damian Gammell, CEO of CCEP, commented: "I have been privileged to work closely with Nik for nearly a decade and I want to thank him for his outstanding contribution to CCEP and the wider Coca-Cola system. He has developed a strong team and we have great talent at CCEP who will continue to drive the fantastic business we have become today. I wish Nik the best in his new role, and I look forward to announcing his successor in the near future." Reflecting on his time at CCEP, Jhangiani added: "I have had an incredible time at CCEP and I am so proud of what we have achieved together. It has been a genuine privilege to work with so many talented and dedicated people across the business. I remain fully focused on delivering on our commitments whilst enabling an effective transition to my successor. I look forward to continuing to follow the company's success."