Alexandre Ricard

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Alexandre Ricard
Alexandre Ricard 02-2023 IMG 1149b.jpg
Ricard in February 2023
Born (1972-05-12) 12 May 1972 (age 51)
Boulogne-Billancourt, France
Education
OccupationChairman & CEO of Pernod Ricard
Family

Alexandre Ricard (born 12 May 1972) is a French businessman and one of the grandsons of distiller and Pernod Ricard founder, Paul Ricard. [1] He became Chairman & Chief Executive Officer of Pernod Ricard, the world's second-biggest distiller by sales, [2] on February 11, 2015. [1] At 43, he was the youngest Chief Executive Officer of the 40 top companies on the CAC 40, the Paris Stock Market. [3]

Contents

Education

Ricard graduated from ESCP Europe (Ecole Supérieure de Commerce de Paris) in 1995. He holds an MBA with a specialization in Finance and Entrepreneurship from the Wharton School of Business and an MA in International Studies from the University of Pennsylvania School of Arts and Sciences, which he obtained in 2001. [4] He speaks French, English, Italian and Spanish. [5]

Career

Upon graduation in 1995, Ricard started his career outside the family business. After working at Indosuez in Milan, [6] he joined Accenture from 1997 to 1999, where he consulted on strategy. [7] He then joined Morgan Stanley in London from 2001 to 2003, specializing in M&A. [7] He has noted that these experiences have provided an outside perspective on the industry and Pernod Ricard. [8]

In 2003, he joined his family's company in the audit department. His M&A skills were used during this period on the purchase of Allied Domecq by Pernod Ricard. [8] In 2004, he was appointed Finance and Administration Director of the Pernod Ricard subsidiary Irish Distillers in Dublin. [9] In September 2006, he became the managing director of Pernod Ricard Asia Duty Free, thus moving to Hong Kong. [8] Two years later, he was asked to head up the Jameson Whiskey brand as CEO of Irish Distillers, an experience he always mentions enthusiastically. [6] After going on to manage the Pernod Ricard distribution network, Ricard was appointed Chief Operating Officer and Deputy Chief Executive Officer of Pernod Ricard on August 29, 2012 shortly after his uncle and then-CEO Patrick Ricard suddenly died. [8]

Following Patrick Ricard's death, the Group's Board named Alexandre Ricard as his successor upon the mandatory retirement of then-CEO Pierre Pringuet in February 2015. [10] The succession announcement had been planned prior to Patrick Ricard's death, for the November 2012 shareholder meeting, but was moved up two months due to the circumstances. [11] In the meantime, Ricard worked closely with Pringuet in all strategic matters for the Group. [8] Alexandre Ricard's appointment as Chairman & CEO of the company took effect in February 2015 [12]

Other activities

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References

  1. 1 2 Bender, Ruth (February 12, 2015). "Pernod Ricard Chief Faces Tough Test in New Role" – via www.wsj.com.
  2. ↑ Daneshkhu, Scheherazade (18 February 2015). "Pernod Ricard chief takes aim at 'craft' spirits". Financial Times. Retrieved 8 September 2023.
  3. ↑ "Retail Detail.eu, February 13, 2015".
  4. ↑ Biography - A. Ricard, Bloomberg
  5. ↑ "The just-drinks Interview - Alexandre Ricard, Pernod Ricard's deputy CEO & COO". www.just-drinks.com. May 30, 2013.
  6. 1 2 "Ricard appointed Irish Distillers boss". www.irishexaminer.com. June 20, 2008.
  7. 1 2 Investing Businessweek, consulted on February 26, 2015
  8. 1 2 3 4 5 Emler, Ron (29 January 2015). "Pernod Ricard has thirst to be first". the drinks business.
  9. ↑ "The Financial Times March 18, 2014".
  10. ↑ "Pernod Names Chairman, Targets Alexandre Ricard as CEO". Bloomberg.com. 2012-08-30. Retrieved 2020-10-20.
  11. ↑ Feintzeig, Rachel (April 24, 2014). "Future Pernod Ricard CEO Was Born Into Booze".
  12. ↑ Pernod Ricard Press release, February 12, 2015
  13. ↑ International Advisory Council Brookings Institution.
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