Rémy CEO resigns after three months

Rémy Cointreau has announced the resignation of CEO Frédéric Pflanz just three months after he stepped into the role.

Frédéric Pflanz

Frédéric Pflanz

The decision, which was made “for personal reasons”, will see Pflanz remain with the group as development director, allowing him to retain responsibility for “specific assignments that he has already initiated.”

Until a replacement is found the role of CEO will be taken on by Rémy Cointreau chairman François Hériard Dubrueil, who will be supported by the executive committee.

Prior to taking on the post of CEO, Pflanz had spent more than three years with the group as CFO, adding the role of COO to his responsibilities at the end of 2012.

This stumbling block for the group, whose brand portfolio includes Rémy Martin, Cointreau, Metaxa, Mount Gay and Bruichladdich, comes just over a month after it reported a 6.3% sales decline for the first half of 2013. The same period saw net profits fall by 20%, which the group attributed to a Chinese slowdown in sales of luxury goods.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Champagne Masters 2019

Deadline : 27th September 2019

The Global Grenache Masters 2019

Deadline : 2nd October 2019

Click to view more

The Prosecco Masters 2019

View Results

The Global Rosé Masters 2019

View Results

Click to view more