Staff shake up at Pernod as half year profits rise 25%

Chivas Brothers boss Laurent Lacassagne is to leave Pernod Ricard after 30 years in July, with the French drinks group announcing a number of executive changes as it confirms a net profit rise of 25% in its half year results.

Chivas Brothers boss Laurent Lacassagne is leaving Pernod Ricard after 30 years

Lacassagne has worked at Pernod Ricard for the past 30 years having joined in 1988. He became group CFO in 1997, and later chairman and CEO of the Orlando Wyndham Group in Australia. In 2006, he was appointed chairman and CEO of Pernod Ricard Pacific, and in 2008 chairman and CEO of Pernod Ricard Europe before taking on his final post as chairman and CEO of Chivas Brothers Ltd, the group’s Scotch whisky and gin business, in 2013.

“The Group wishes Laurent every success in his future projects and thanks him for his significant contribution to the development of the Group over the past thirty years,” said Pernod in a statement.

Christian Porta, currently chairman and chief executive officer of Pernod Ricard EMEA & LATAM, has been promoted to the newly created position of managing director, global business development (GBD) and will report to Alexandre Ricard.

In this role, Porta will be responsible for coordinating strategies and initiatives related to the group’s brand portfolio, including innovation and digital, and reinforcing the expertise of its sales and marketing teams to become a truly “consumer-centric” organisation.

Elsewhere, Gilles Bogaert, currently managing director in charge of finance, IT and operations, becomes chairman and chief executive officer of Pernod Ricard EMEA & LATAM. Hélène de Tissot, currently group strategy and M&A director, becomes group finance, IT and operations director, while Conor McQuaid, currently EVP global business development, becomes chairman and chief executive officer of Irish Distillers.

Lastly, Philippe Coutin, currently chief executive officer of Pernod Ricard Rouss and Pernod Ricard Eastern Europe, will become chairman and chief executive officer of the Ricard and Pernod Companies as of May 2019. He replaces Philippe Savinel, who is set to retire.

The raft of changes within its executive board comes with Pernod’s announcement of its half year results, which saw the French drinks producer report sales for H1 FY18 of €5.1 billion, with organic growth of +5.1% and reported growth of +0.4%. Net profits increased by 25% to €1.1 billion, with the group now expecting organic growth of between 4 and 6% for its 2018 full year results.

Alexandre Ricard, chairman and chief executive officer of Pernod Ricard, said: “H1 FY18 was a very good semester, with an acceleration vs. FY 17, in particular in China, India and Global Travel Retail. For full-year FY18, we will maintain our focus on digital, innovation and operational excellence (including pricing.) We expect sustained and diversified growth to continue across our regions and brands. We are therefore increasing our guidance for full-year FY18 organic growth in Profit from Recurring Operations to between +4% and +6%[8].”

Leave a Reply

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

Subscribe to our newsletters

Partner Manager - Manged On-Trade

Maverick Drinks
London, UK

Brand Manager

Hatch Mansfield
Ascot, Berkshire

Digital Co-ordinator

Alliance Wine
London, UK

Head of Sales

IWSC
London, UK

Logistic and Fullfilment - Whisky (and wine) administrator

Stilnovisti Ltd
London, United Kingdom // Dufftown, Keith, United Kingdom

Account Manager

Harviestoun Brewery
Field Based, UK

Buyer - Spain & South America

Enotria&Coe
London, UK

Events Sales Manager

Enotria&Coe
Field based - London or surrounding area

Sales Director Europe

Mirabeau Wine
Europe

Argentina Breaking New Ground Masterclass Series

Manchester,United Kingdom
16th Oct 2018

Argentina Breaking New Ground Masterclass Series

Leeds,United Kingdom
17th Oct 2018

Argentina Breaking New Ground Masterclass Series

Edinburgh,United Kingdom
18th Oct 2018
Click to view more

The Global Sauvignon Blanc Masters 2018

Deadline : 15th October 2018

Global Chardonnay Masters 2018

Deadline : 17th October 2018

Click to view more

The Global Sparkling Masters 2018

As with all of the drinks business awards, our judging panel is comprised of Masters of Wine, Master Sommeliers and senior buyers making the competition globally renowned.

Champagne Masters 2018

Enter your wines into the Champagne Masters 2018, the only blind competition dedicated to Champagne in the UK.

Click to view more