22 March 2006, Sydney
Coca-Cola Amatil and Craig Pareezer
Coca-Cola Amatil and Craig Pareezer are pleased to announce the matter has been positively resolved on a confidential basis with a generous settlement as part of mediation conducted by Sir Laurence Street.
Coca-Cola Amatil regrets the pain and suffering Mr Pareezer and his family have been through and are pleased Mr Pareezer and his family will be able to face the future in a positive way.
Mr Pareezer acknowledges that Coca-Cola Amatil had no legal obligation to pay him but is happy with the settlement that has been agreed which will assist him and his family to restore their lives.
It is regrettable that there have been often misleading statements by the media attacking Coca-Cola Amatil’s reputation.
The terms of settlement are strictly confidential. There will be no further media statements or comment.
CONTACT: Sally Loane, Director of Media and Public Affairs, Coca-Cola Amatil
(02) 9259 6532
