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November 7, 2008

Patrick Ricard has stepped down from his post as CEO of drinks giant Pernod Ricard after 30 years of running the family business.

Patrick Ricard has stepped down from his post as CEO of drinks giant Pernod Ricard after 30 years of running the family business. He will continue his role as chairman and “continue to be involved in the group’s strategic decisions and in monitoring their implementation,” according to a company statement.

This move is a result of the company’s previously announced decision to separate the roles of CEO and chairman. Non-family managing director Pierre Pringuet will take over as CEO.

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