Domenic De Lorenzo to succeed Bill Ronald as Fever-Tree chair

12th Dec 2022 10:01

(Sharecast News) - Posh tonics maker Fever-Tree said on Monday that Domenic De Lorenzo will succeed Bill Ronald as chair.

De Lorenzo, who has been a non-executive director since May 2018, will take up the role on completion of the annual general meeting in May 2023.

Fever-Tree said he will work closely with Ronald during a handover period before assuming the role. Ronald informed the board in May that he was planning to retire at the AGM.

De Lorenzo is a qualified Chartered Accountant and brings "a wealth of global business experience across the consumer goods and beverages sectors", the company said, having previously spent over 20 years at SABMiller, where he focused on strategy and corporate finance before becoming chief financial officer.

Ronald said: "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."