French spirit and wine group and the parent company of Rémy Martin & Cie SA, Rémy Cointreau Group said its chief executive officer, Mrs. Valérie Chapoulaud-Floquet will step down.
Rémy Cointreau group said the move is part of an upcoming governance change at the spirits and liqueur group.
The group said in a statement that Mrs. Valérie Chapoulaud-Floquet will exercise her mandate until the arrival of her successor.
“Commenting on this announcement, Valérie Chapoulaud-Floquet stated: « It is with great emotion that I will leave the Rémy Cointreau Group at the end of the year, once the torch passed to my successor. I am serene, as the Group’s results, foundations, teams and strategic vision allow it to envisage the future with optimism, ambition and success.”
As part of the compensation policy for the Group’s corporate officers, and in accordance with the commitments made, the financial conditions for the termination of Mrs. Chapoulaud-Floquet’s mandate will be decided by the Board of Directors, which will be held before the Annual General Meeting of Shareholders and communicated at the end of the latter,” the group said in the statement.
The group produces major iconic brands across Cognac, wines, rum and liqueurs spirit categories. In its 2018 full year financials, the group reported a net income of €151.3 million against the backdrop of €1.1 billion in total revenue.