Marie Brizard would like to thank the DG, the president appointed on an acting basis

© Reuters. Marie Brizard would like to thank the DG, the president appointed on an acting basis

PARIS (Reuters) – Marie Brizard (PA:MBWS) Wine & Spirits on Friday announced the departure of its ceo Jean-Noël Reynaud and his replacement by interim by the president of the board of directors Benoît Hérault.

The group of wines and spirits, owner of the whisky William Peel and the vodka Sobieski, has issued a warning on its results on February 6, sealed by the fall of its activities in Poland where he recognized that he had suffered from “deficiencies internal”.

A firm has been mandated to recruit a future director-general, said Marie Brizard in a press release, stating that the governance would be tantamount to a presidency, and a general direction dissociated from its appointment.

Benoît Hérault will be based on all of the members of the executive committee, including Stéphane Laugery, current secretary-general and head of legal, appointed deputy director general in charge of the organization.

“It will be the future director-general to define a new strategic plan, which will be made public “in the first months of his taking office,” said the group.

In Exchange, the title Marie Brizard plunged nearly 30% since the beginning of the year, after a fall of a similar magnitude in 2017.

In Poland, the second largest market of the group after France, sales were down 74% on the fourth quarter alone, and an in-depth audit has been launched which could lead to “restatements of revenue.”

A new director general was appointed to head the subsidiary.

The date of publication of the annual results has been shifted to April 30.

(Pascale Denis, edited by Dominique Rodriguez) OLFRBUS Reuters France Online Report Business News 20180302T180933+0000

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