The appointment of Stamoulis, who has spent 16 years with the Switzerland-based company, is effective May 1, it said in a statement.

Coca-Cola HBC had said in January that Almanzar would leave the company to take up a new opportunity in North America.

The company, in which U.S. beverage giant Coca-Cola owns more than 20%, is set to report its annual results on Feb. 14.

(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Shilpi Majumdar)