Pernod Ricard Announces Executive Committee Changes

Pernod Ricard, the world's second-largest wine and spirits producer, has announced a series of changes to its Executive Committee, effective July 1, 2018. These appointments and realignments are designed to enhance the coordination of the company's global business development efforts and bolster regional leadership.

Christian Porta, formerly Chairman and CEO of Pernod Ricard EMEA & LATAM, is appointed to the newly created position of Managing Director, Global Business Development (GBD). In this role, he will oversee strategy, innovation, and digital initiatives across the brand companies. All Brand Company CEOs will now report to Porta.

Gilles Bogaert, who previously managed Finance, IT, and Operations, will become Chairman and CEO of Pernod Ricard EMEA & LATAM. Hélène de Tissot transitions from Director of Group Strategy and M&A to lead the Group's Finance, IT, and Operations.

Further leadership changes include Jean-Christophe Coutures moving from Chairman and CEO of Irish Distillers to lead Chivas Brothers, with Conor McQuaid succeeding Coutures at Irish Distillers. Philippe Coutin is appointed Chairman and CEO of Ricard and Pernod Companies, effective May 2019, succeeding Philippe Savinel upon his retirement.

The organizational shifts are intended to improve transversal efficiency, resource allocation, and decision-making speed. Pernod Ricard stated the changes reflect an evolving organization adapting to its consumers and environment.