PATRICK RICARD NAMES POSSIBLE REPLACEMENT

This may not come as much of a surprise, but Patrick Ricard (chief and chairman of Pernod) said last week that managing direct Pierre Pringuet will likely replace him when he retires next year. Patrick has led the company from almost 30 years, beginning 1978.

"Of course you could expect Pierre Pringuet to take over from me," said Patrick on a French television show, according to multiple media outlets.