Family Involvement On The Board At Pernod Ricard Continues
31st August 2102 Paul Andrews
Changes introduced quickly following the sudden death of Patrick Ricard
Meeting on 29 August 2012, the Pernod Ricard Board of Directors first paid tribute to Patrick Ricard, who passed away suddenly on 17 August 2012. Throughout his 34 years as head of Pernod Ricard, this visionary entrepreneur was able to capitalise on the legacy of his father, Paul Ricard, to transform the Group into a world leader. “You never achieve success on your own, success is always a team effort”, he was fond of saying.
The following decisions were made unanimously by the Board of Directors:
Danièle Ricard was appointed Chairman of the Board of Directors;
Pierre Pringuet was appointed Vice-Chairman of the Board and will continue to act as Chief Executive Officer;
Alexandre Ricard was appointed Deputy Chief Executive Officer and Chief Operating Officer on Pierre Pringuet’s proposal. He was also co-opted as a Director to replace Patrick Ricard.
Paul Ricard SA informed the Board of Directors that its permanent representative is now Paul-Charles Ricard, replacing Alexandre Ricard.
These appointments reflect the Board of Directors’ intention to see Alexandre Ricard succeed Danièle Ricard and Pierre Pringuet in their duties as Chairman and Chief Executive Officer at the end of January 2015, at which time Pierre Pringuet will have reached the statutory age limit for a Chief Executive Officer.
On this occasion, Danièle Ricard commented: “As Chairman of the Board of Directors, I would like to reiterate the Ricard family’s commitment to pursue the Group’s strategy and development. Pierre Pringuet and his management team have our full support.”
Pierre Pringuet stated: "I would like to thank Danièle Ricard, her family and the Board of Directors for their confidence. I am delighted to have Alexandre Ricard at my side: we will continue, as we always have, to work in close collaboration."
Alexandre Ricard added: “I would like to thank Pierre Pringuet and the Board of Directors. I have worked closely with Pierre Pringuet for many years and we share the same vision for the Group.”
The changes continue to reflect the importance of the Ricard family within the running of the business and their involvement strengthens the business at a time of sadness following the sudden death of Patrick Ricard.
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