Latest news with #AlbertBaladi
Business Wire
4 days ago
- Business
- Business Wire
Pernod Ricard Board Proposed Appointments
PARIS--(BUSINESS WIRE)--Regulatory News: Press Release – Paris, 24 July 2025 Pernod Ricard (Paris:RI) Board of Directors, on the recommendation of the Nominations and Governance Committee, will propose the appointment of two new independent Directors, Mr. Albert Baladi and Mr. Jean Lemierre, at the Annual General Meeting to be held on October 27th. Both directors would be appointed for a 4-year term. This proposal for appointments follows Ms. Namita Shah's decision not to have her term as Director renewed. The Board would like to thank Ms. Namita Shah for her commitment and valuable contributions to the Board, particularly regarding social and environmental responsibility topics. Albert Baladi, of Lebanese origin and residing in New York, is a recognized expert in the spirit and consumer goods industry. During his 13 years at Beam Suntory (now Suntory Global Spirits), he held the positions of President of the International Region, President of North America and then Chief Executive Officer. Under his leadership, Beam Suntory strengthened its international expansion and its position among the worldwide leaders in the spirits industry. Earlier in his career, Albert Baladi held various roles in Marketing and General Management at Procter & Gamble, PepsiCo and Yum! Brands, developing a strong expertise in brand strategy and international development. Jean Lemierre, a French national, has been Chairman of the Board of Directors of BNP Paribas since 2014. He has had a distinguished career both nationally and internationally, having notably served as Director General of the French Treasury, Chairman of the European Union Economic and Financial Committee, and President of the European Bank for Reconstruction and Development (EBRD). Jean Lemierre is particularly recognized for his experience in financial and international matters. The appointment of Mr. Albert Baladi and Mr. Jean Lemierre reflects the Board ambition to enhance the diversity and complementary of its skills, by incorporating profiles with in-depth knowledge of our industry, particularly the North American market, as well as high-level strategic and geopolitical vision. In a constantly evolving global environment marked by complex economic, regulatory and geopolitical challenges, their expertise will be a major asset in supporting the Group's growth and adaptability. If the Annual General Meeting approves the corresponding resolutions, the Board of Directors will have 15 members, among which two members representing the employees. Of its members, 46% will be woman, 54% men, 62% will be independent and 40% non-French. About Pernod Ricard Pernod Ricard is a worldwide leader in the spirits and wine industry, blending traditional craftsmanship, state-of-the-art brand development, and global distribution technologies. Our prestigious portfolio of premium to luxury brands includes Absolut vodka, Ricard pastis, Ballantine's, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur and Mumm and Perrier-Jouët champagnes. Our mission is to ensure the long-term growth of our brands with full respect for people and the environment, while empowering our employees around the world to be ambassadors of our purposeful, inclusive and responsible culture of authentic conviviality. Pernod Ricard's consolidated sales amounted to € 11 598 million in fiscal year FY24. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code: FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices.
Yahoo
4 days ago
- Business
- Yahoo
Pernod Ricard proposes ex-Suntory CEO Albert Baladi as one of two new board members
Pernod Ricard has proposed two new independent directors to its board - ex-Suntory CEO Albert Baladi and chairman of BNP Paribas Jean Lemierre. According to the international beverage giant, the board of directors proposed the appointments on the recommendation from the nominations and governance committee. Both directors will be formally proposed for appointment at the annual general meeting on 27 October and will be appointed for a four-year term. The appointments follow Ms. Namita Shah's decision not to have her term as director renewed. During his 13 years at Beam Suntory (now Suntory Global Spirits), Baladi held the positions of president of the international region, president of North America and then CEO. Baladi stepped down from the CEO position in 2023. At the time, he said that due to a 'clear growth strategy in place for the future and the right team in place, now is the right time to hand the reins over to my successor'. The company achieved international expansion in the spirits industry under his leadership. Baladi has also held roles at PepsiCo and Yum! Brands. Meanwhile, Lemierre has been chairman of the board of directors of BNP Paribas since 2014. He has also previously served as director general of the French treasury, chairman of the European Union Economic and Financial Committee, and president of the European Bank for Reconstruction and Development. If the AGM approves the corresponding resolutions, the board of directors will have 15 members, with two representing the employees. The news comes as Pernod Ricard has launched 'an internal project' aimed at creating 'a more agile and simplified organisation'. In June, the group told Just Drinks that its teams 'work on an ongoing basis to adapt our organisation and ways of working to the fast-evolving business environment". The directorate change also comes as the firm has agreed to the sale of its Imperial Blue whisky business to India's Tilaknagar Industries. "Pernod Ricard proposes ex-Suntory CEO Albert Baladi as one of two new board members" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
