From July 1st, two new Assistant Managing Directors, Thierry Billot and Michel Bord will be part of the Pernod Ricard management team.

Thierry Billot has been named as Assistant Managing Director of brands. He will be responsible for “brand owner” businesses, which in particular relates to the policy of 15 strategic brands.
Thierry Billot who is 53 years oldand has a degree from ESCP, joined Pernod Ricard in December 1982as an Internal Auditor. He became Administrative and FinancialDirectorin January 1958 before being appointed as Financial Director of Pernod Ricard in 1986. In January 1992, he joined Austin Nichols in the USA as Chief Executive. In October 1996, he became Chief Executive at Pernod. Since 2002, he has been Chief Executive of Pernod Ricard Europe.

Michel Bord has been named as Assistant Managing Director of Retail. His role encompasses the running and control of retail networks and, in partnership with the Joint Chief Executive of Brands, the implementation of new branding strategies.
Michel Bord, 56 years old, who has a humanities degree, joined the group as Managing Director of PRACSA (the Spanish subsidiary) in May 1999, after having occupied management positions at Seagram. He was appointed as Chief Executive of Pernod Ricard USA in October 1996 before becoming Chief Executive of Pernod Ricard North America. Since January 2006, he has been CEO of Pernod Ricard Americas.
Both join a management team of CEO Patrick Ricard, Executive Vice President Pierre Pringuet, Assistant Managing Director of Finance Emmanuel Babeau and the Assistant Managing Director of Human Resources, Bruno Rain.


From November 5th 2008, the date of the next Shareholder’s Meeting when the mandates of the President of the Administration Council and the Managing Director should be separated, the new management structure will be composed of a Managing Director, Pierre Pringuet, supported by four Assistant Managing Directors.

About Pernod Ricard
Formed after the joining of Pernod and Ricard in 1975, Pernod Ricard has developed as much from internal growth as external growth. The acquisition of a part of Seagram (2001) and Allied Domeca (2005) made the group number two in the wine and spirits world, with business totalling 6.4 billion euros in 2006/2007. On March 31st 2008, Pernod Ricard anounced its acquisition of Vine & Spirit and of its vodka brand Absolut.
Pernod Ricard has one of themost pretigious portfolios of brands in the industry, including Ricard aniseed, scotch whiskies Ballantine’s, Chivas Regal and The Glenlivet, the Irish whisky Jameson, the cognac Martell, the rum Havana Club, the gin Beefeater, the liquers Kahlua and Malibu, the champagnes Mumm and Perrier Jouet, as well as Jacob’s Creek and Montana wines.

Pernod Ricard is a decentralised organisation composed of “Brand Owners” and “Retail” subsidiaries, which represent more than 18000 collaborators, spread over 70 countries.
The group is strongly implicated in a sustainable development programme and encourages responsible drinking of its products.