by Jacqui Drew, Senior Solution Consultant, Reval
Sunday 17 June saw Coca-Cola Hellenic’s entire treasury team gathered in the office waiting for the result of the crucial Greek general election, which many observers had billed as a referendum on the country remaining in the Eurozone. If the anti-bailout parties won, the team would start executing changes immediately.
In the end the pro-bailout parties won and the fears of an imminent Greek exit receded. However, Coca-Cola Hellenic, like many other companies, continues to face the challenge of identifying and managing risks – from commodity volatility to interest rate and foreign currency risk.
A risky world
In June 2012, right after the aforementioned elections, Reval hosted a webinar with Coca-Cola Hellenic to discuss the financial risks treasurers face as a result of the Eurozone crisis. We asked the more than 100 treasury professionals who attended a series of polling questions, which revealed their concerns and preparations for a potential ‘Grexit’.