Britvic installs Tesco finance guru as new chief financial officer

Soft drinks giant Britvic has brought in the financial boss of a firm which is part of Tesco as its chief financial officer, in a move which pushed shares up one per cent on Monday morning.

The company, which acts as Pepsico’s producer in the UK, has appointed Joanne Wilson, who will leave her role as CFO at Dunnhumby, a data science company.

Read more: Britvic profits fizz in the face of challenging year

She replaces Mathew Dunn, who was last year appointed as new CFO at fast fashion retailer Asos, but her start date has not been confirmed.

Wilson said: “I am very excited to be joining Britvic and look forward to working with Simon [Litherland, CEO] and the team to continue to execute the strategy and deliver value for shareholders.”

Chief executive Litherland, said Joanne was “a strong addition” to the company. “Joanne brings considerable retail, digital and consumer experience.”

“This, coupled with her commercial and financial expertise, will be invaluable as we continue to successfully execute our strategy and ambitious performance and growth plans.

In January the company said trading in the first quarter was in line with expectations, with reported revenue increasing 4.5 per cent year-on-year for the three months ending 23 December.

Read more: Asos appoints ex-Britvic finance chief as new CFO

Previously, Britvic’s full year results in late 2018 exceeded expectations, flying in the face of the government’s imposition of a sugar tax on sweet drinks earlier in the year.

The company also rode out supply disruptions caused by a Europe-wide CO2 shortage in June and July, switching promotions to their still drinks range, which saw a spike in sales as a result.