'We are family': Pernod Ricard keeps new executive business cards close

Danièle Ricard has been appointed chairman of the board, while Pierre Pringuet is appointed Vice-Chairman of the Board and will continue to act as CEO of the French wine and spirits giant.

His heir-in-waiting, Alexandre Ricard, is the new deputy CEO and COO, and has also become a company director in Patrick Ricard's place. He has also been co-opted as a Director to replace Patrick Ricard.

Paul-Charles Ricard has also been appointed as the board's new permanent representative, in place of Alexandre Ricard, on a day when the Paris-based company released its 2011/12 results for the year to June 30​.

Danièle Ricard said: “As Chairman of the board of directors, I would like to reiterate the Ricard family’s commitment to pursue the Group’s strategy and development. Pierre Pringuet and his management team have our full support​.”

Alexandre Ricard added: “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​.”