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News Alert: Rémy Shakes Up Its Executive Team

April 3, 2018

Rémy Cointreau has announced a slate of executive changes, including a new CEO for its Americas region, effective June 1.

Among the moves, Ian McLernon will become CEO of Rémy Cointreau Americas, replacing Philippe Farnier, who has been appointed CEO of the House of Rémy Martin. McLernon is currently CEO of Rémy’s global travel retail division. Meanwhile, Eric Vallat, currently CEO of the House of Rémy Martin, is leaving the company.

Rémy has named David Ennes to replace McLernon as head of its global travel retail unit. Ennes will also continue as CEO of Rémy’s Asia region. Finally, Jean-Denis Voin, CEO of the company’s Liqueurs and Spirits division, will add the Mount Gay Rum brand to his portfolio. In addition to his duties at the House of Rémy Martin, the departing Vallat also served as president of the Mount Gay brand.

Rémy Cointreau’s organic net sales were up 5.5% to €862 million ($1.1b) for the nine months through December, with growth driven by progress for its flagship Rémy Martin brand. Rémy Martin’s net sales grew 12% on an organic basis to €577 million ($708m) during the nine-month period. In the U.S., Rémy Martin VSOP rose 16% to 600,000 cases last year, earning Impact “Hot Brand” honors.—Daniel Marsteller

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