measure and monitor the processes and report results ... - Refresco.de
measure and monitor the processes and report results ... - Refresco.de
measure and monitor the processes and report results ... - Refresco.de
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Business review 2010<br />
Governance Structure<br />
<strong>Refresco</strong>’s governance structure is <strong>de</strong>centralized so that <strong>the</strong><br />
company can respond quickly to market changes <strong>and</strong> customer<br />
<strong>de</strong>m<strong>and</strong>s. The structure consists of a central holding, 5 business<br />
units (6 including Spumador) <strong>and</strong> 21 production sites (25 including<br />
Spumador). The business units operate in<strong>de</strong>pen<strong>de</strong>ntly in<br />
<strong>the</strong>ir own markets <strong>and</strong> are held accountable for <strong>the</strong>ir regional<br />
performance. It is part of our business philosophy to keep <strong>the</strong><br />
lines between <strong>the</strong> central holding <strong>and</strong> <strong>the</strong> regional business<br />
units as short as possible. In 2010 we clustered <strong>the</strong> three countries<br />
where we have only one or two production sites into one<br />
business unit called International. The o<strong>the</strong>r <strong>Refresco</strong> business<br />
units are Benelux, France, Germany <strong>and</strong> Iberia. Conclusion of<br />
<strong>the</strong> Spumador acquisition (signed, in <strong>the</strong> process of being closed)<br />
will result in a new business unit, Italy.<br />
The regional business units are close to <strong>the</strong> customer <strong>and</strong> can<br />
be responsive to <strong>the</strong>ir needs. They are responsible for <strong>the</strong>ir<br />
regional performance. At holding level, a relatively small team<br />
coordinates central functions, realizes scale benefits <strong>and</strong> provi<strong>de</strong>s<br />
<strong>the</strong> business units with <strong>the</strong> tools to run <strong>the</strong>ir businesses in<br />
<strong>the</strong> best way possible.<br />
<strong>Refresco</strong> Group has a twotier board structure with an Executive<br />
Board that manages <strong>the</strong> Group on a daytoday basis <strong>and</strong> a Supervisory<br />
Board. The Executive <strong>and</strong> Supervisory Boards meet regularly.