Pflanz started as CEO of Remy Cointreau almost exactly three months ago

Pflanz started as CEO of Remy Cointreau almost exactly three months ago

The CEO of Remy Cointreau is stepping down from the position, only three months after he was appointed.

Frédéric Pflanz, who assumed the CEO role on 1 October, tendered his resignation to Remy Cointreau's board at a meeting earlier today (2 January). Pflanz cited personal reasons for the move.

He will remain with the company, however, as development director, “with responsibility for specific assignments that he has already initiated”. Pflanz joined Remy Cointreau as CFO in 2010 from L'Oreal.

Chairman François Hériard Dubreuil, will assume the CEO responsibilities in the interim, Remy Cointreau said.

“The group’s strategy remains unchanged,” said Dubreuil.

Late last year, the company warned of a double-digit fall in full-year operating profits as a Cognac slowdown in China hit its half-year results.

To read the company's official statement, click here.