Remy Cointreau has lost another senior executive

Remy Cointreau has lost another senior executive

Remy Cointreau has confirmed to just-drinks that the CEO of its Remy Martin Cognac division will step down from the position.

Patrick Piana, who has headed up the unit since he joined Remy Cointreau in 2009, will leave at the end of January, a spokesperson said earlier today (23 January). His departure follows three weeks after group CEO Frédéric Pflanz tendered his resignation, having only held the position for three months.

Piana is leaving the company "to explore new horizons", the spokesperson said. "Remy Cointreau regrets the departure of Mr Piana. We would like to thank him for his achievements over the last five years.

News of his departure broke earlier today through the Cognac Expert blog and France's Charente Libre.

A replacement will be appointed “soon”, the spokesperson concluded.

The group, which has seen sales of Remy Martin in China struggle in the last year, posted double-digit falls in Q3 and YTD sales earlier this week.

For just-drinks' two-part interview with Piana, which was published in July, 2012, click here.