Alexandre Ricard steps up

30 August, 2012

Pernod Ricard has announced board changes, following the sudden death of Patrick Ricard, which sees Alexandre Ricard step up preparation to become chairman and CEO in January 2015.

Danièle Ricard, Patrick Ricard’s sister, has been appointed chairman of the board of directors. Pierre Pringuet becomes vice-chairman of the board and continues as CEO. Alexandre Ricard has become deputy CEO and COO on Pringuet’s proposal. He was also co-opted as a director to replace Patrick Ricard.

Paul Ricard SA has told the board of directors that its permanent representative is now Paul-Charles Ricard, replacing Alexandre Ricard.

The company says these appointments reflect the board of directors’ intention to see Alexandre Ricard succeed Danièle Ricard and Pierre Pringuet in their duties as chairman and CEO at the end of January 2015, at which time Pierre Pringuet will have reached the statutory age limit for a CEO.

Danièle Ricard said: “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.”

Pringuet said: "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.”

Alexandre Ricard

Alexandre Ricard, who is Patrick Ricard’s nephew, attended: ESCP Business School, Wharton School of Business (MBA majoring in finance and entrepreneurship) and University of Pennsylvania (MA in international studies), joined the group in 2003 as audit & business development manager of Pernod Ricard holding finance direction and appointed chief financial officer of Irish Distillers at the end of 2004. In 2006, he held the position of managing director of Pernod Ricard Asia Duty Free. In 2008, he was appointed CEO of Irish Distillers as well as member of Pernod Ricard’s executive committee. In 2011, he joined the group general management as managing director in charge of the distribution network.

Paul-Charles Ricard

Paul-Charles Ricard graduated from Euromed Marseille Business School, with a masters in science of management, and from University Panthéon Assas Paris 2, with a masters 2 in communications (media law) and a masters in business law. He joined Pernod Ricard Holding in 2008 as an internal auditor. In 2010, Paul-Charles was appointed international brand manager of Martell Mumm Perrier-Jouët.

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