Pernod has announced its plans following the death of Patrick Ricard

Pernod has announced its plans following the death of Patrick Ricard

Alexandre Ricard will take on the dual role of Pernod Ricard's CEO and chairman from January 2015, the Paris-based group said today (30 August). 

In the meantime, the 40-year-old executive will be Pernod's deputy CEO and COO with immediate effect. The changes follow the sudden death of the group's chairman, Patrick Ricard, Alexandre Ricard's uncle, earlier this month. 

Current Pernod CEO Pierre Pringuet will continue in the role until Ricard takes over at the end of January 2015. Pringuet has also been appointed vice-chairman of Pernod's board, the group said today. 

Danièle Ricard, Patrick Ricard's sister, has been appointed Pernod chairman. 

"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," the company said in a statement. 

Alexandre Ricard, who joined the group in 2003, said: “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.”

Earlier today, Pernod announced a double-digit rise in full-year operating profits, hailing its best growth since 2007/8.