PARIS–(BUSINESS WIRE)–Regulatory News:
Press release – Paris, August 30, 2023
Pernod Ricard (Paris:RI) announces several structural changes intended to strengthen its consumer-centric strategy, support its new phase of growth and thus continue its transformation initiated in 2015. Thanks to its unique portfolio combining premium and prestige brands, its network distribution and its engaging corporate culture, Pernod Ricard is ideally positioned to seize all opportunities for future growth.
Reinforced governance combined with a new organization will allow greater efficiency at all levels of the company, at the same time as greater responsiveness and proximity to constantly changing markets.
The main changes announced are as follows:
1/ Strengthened corporate governance, enabling more effective engagement and faster decision-making
An Executive Committee replaces the current Executive Bureau. Composed of 9 members, it now includes the new Executive Vice-Presidents in charge of Brands and Markets, the Chairman and Chief Executive Officer of Pernod Ricard North America as well as the Director of Operations. The Executive Committee is the permanent management body of the Group, in consultation with the Chairman and CEO, whom it assists in his missions. In this context, Philippe Guettat, currently Chairman and CEO of Pernod Ricard Asia, has been appointed Executive Vice-President in charge of Brands. Gilles Bogaert, currently Chairman and CEO of Pernod Ricard EMEA/LATAM, has been appointed Executive Vice-President in charge of Markets. These appointments come after Christian Porta, Deputy Managing Director Global Business Development, exercised his retirement rights after a long and successful career with Pernod Ricard. A new body, called “Executive Leadership Team” and composed of 30 members, is created. It brings together the managers of the company’s key functions, as well as the members of the Executive Committee. The ELT ensures the consistency and deployment of the Group’s growth strategy and the resources associated with it.
2/ A simplified organization to align structures and responsibilities across all functions
Regional entities covering both EMEA/LATAM and Asia are removed to ensure rapid decision-making and execution, at all levels of the organization. All the markets are now grouped together within 10 “management entities”, thus promoting critical size and pooling.
Alexandre Ricard, Chairman and CEO of Pernod Ricard, says:
“Within Pernod Ricard, we have brought together and grown some of the most iconic wine and spirits brands in the world, while remaining true to our entrepreneurial spirit. In an increasingly complex and changing world, I am certain that our new organization will enable us to take a new step in growth that is sustainable, sustained and profitable, for the benefit of all our stakeholders. While welcoming Ann, Gilles, Philippe and Maria-Pia, I would like to express my most sincere gratitude to Christian Porta for his contribution to the Group, after 35 years of unfailing commitment.”
Annexe :
Composition of the new Executive Committee, placed under the direction of Alexandre Ricard, Chairman and Chief Executive Officer
Gilles Bogaert, currently Chairman and CEO of Pernod Ricard EMEA/LATAM, has been appointed Executive Vice-President, Markets. Gilles was, between 2018 and 2023, Chairman and CEO of Pernod Ricard EMEA/LATAM. During a career spanning more than 28 years with Pernod Ricard, Gilles held various management positions and finance manager positions in Latin America and France, at Group, Regional and Market Company level. He was Chief Financial and Operations Officer of the Group between 2009 and 2018, before being appointed Chairman and Chief Executive Officer of Pernod Ricard EMEA/LATAM in 2018.
Hélène de Tissot, Executive Vice-President Finance and IT. Hélène spent the first 8 years of her career as a tax lawyer at Arthur Andersen. During more than 20 years of international career at Pernod Ricard, she held several management positions within Finance at the Group level and at Pernod Ricard Asia, before being appointed Director Finance IT & Operations in 2018.
Maria Pia De Caro, Executive Vice President of Operations. During more than 25 years of international career in logistics and operations, Maria Pia has led teams in manufacturing, logistics or mergers and acquisitions of numerous FMCG companies. Before joining Pernod Ricard in 2023, she held management positions in Operations at Procter & Gamble, Mondelez, Unilever and Nomad Foods in Italy, Belgium, the Netherlands, China and the United Kingdom.
Philippe Guettat, currently Chairman and CEO of Pernod Ricard Asia, has been appointed Executive Vice-President of Brands. Philippe has held various management positions in the Market Companies and Brand Companies of Pernod Ricard, in particular that of Chairman and Chief Executive Officer of The Absolut Company and Martell Mumm Perriet-Jouët and, since 2015, of Pernod Ricard Asia. He has 31 years of international experience within the Group, in marketing, sales and general management in France, Singapore, Hong Kong, China and Sweden.
Conor McQuaid, Executive Vice President Communications, CSR and Public Affairs. During his 25 years with the Group, Conor has brought his international industry experience and expertise in marketing, sales, brand development and general management functions, at Group and Company level. of Brands and Markets. He was appointed Executive Vice-President Communication, CSR and Public Affairs in 2022.
Ann Mukherjee, Chairman and CEO of Pernod Ricard North America. Ann has 31 years of experience in marketing, sales and general management with consumer products companies such as Kraft Foods Group, PepsiCo and SC Johnson & Son. Before joining the Group in 2019 as Chairman and Chief Executive Officer of Pernod Ricard North America, she was Global Marketing Director and Global Sales Director at SC Johnson and Global Snacks & Global Insights President at PepsiCo.
Anne-Marie Poliquin, Group Legal and Compliance Director. Anne-Marie has more than 30 years of international experience within the legal departments of large multinationals such as General Electric, Mars and JDE Peet’s. She worked in particular in Canada, France, Belgium and the Netherlands and held management positions at global and regional level before joining Pernod Ricard in 2021.
Cédric Ramat, Executive Vice-President Human Resources. During his 32-year international career, first at Microsoft and for 30 years at Orangina and Pernod Ricard, Cédric has held various management positions in human resources in France and America, in addition to his experience in sales. , IT and CSR. He has been Executive Vice President of Human Resources since 2016.
A propos de Pernod Ricard
Pernod Ricard is the world No. 2 in Wines and Spirits, with consolidated sales of 10,701 million euros in 2021/22. The Group, which owns 17 of the world’s top 100 spirits brands, has one of the most prestigious and diversified portfolios in the sector with more than 240 premium brands distributed in more than 160 markets. Pernod Ricard’s portfolio includes Absolut vodka, Ricard pastis, Scotch Whiskeys Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet, Jameson Irish Whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu, or Mumm and Perrier-Jouët champagnes. True to its CSR roadmap “Preserving to Share”, the Group has set itself the task of cultivating the magic of human relations in a sustainable, responsible and value-creating approach over the long term. Its decentralized organization allows its 19,480 employees to act as ambassadors of an inclusive and meaningful conviviality. Implementing its Transform & Accelerate strategic plan, Pernod Ricard is now relying on its “Convenience Platform”, a new profitable growth model enabling constant adaptation to consumer needs through the use of data and artificial intelligence. .
Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices.
Contacts
Investor Relations
Florence Tresarrieu / Investor Relations and Treasury Director
+33 (0) 1 70 93 17 03
Edward Mayle / Investor Relations Director
+33 (0) 1 70 93 17 13
Charly Montet / Head of Investor Relations
+33 (0) 1 70 93 17 13
Media
Emmanuel Vouin / Head of External Engagement
+33 (0) 1 70 93 16 34
2023-08-30 17:03:00
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