Future Changes to the Board of Directors of Rémy Cointreau
10 Juin 2022 - 08:40AM
Business Wire
Marie-Amélie de Leusse proposed as Chair of
the Board of Directors
Regulatory News:
The Board of Directors of Rémy Cointreau (Paris:RCO), chaired by
Marc Hériard Dubreuil, has decided, in accordance with the
recommendations of the Appointments and Remuneration Committee, to
put forward the following proposals at the General Meeting to be
held on 21 July 2022:
- That Hélène Dubrule, Olivier Jolivet and
Marie-Amélie de Leusse be reappointed as directors for a
term of three years and that the directorship of Orpar SA be
renewed for that same term
- That Alain Li be appointed an independent director1, to
replace Marc Hériard Dubreuil, for a term of three years
Alain Li, 61, has dual French and Hong Kong nationality. He has
served as Chairman and Chief Executive Officer of Richemont since
2006. After graduating from City, University of London with a
bachelor’s degree in economics and accounting, he began his career
at Bristol Meyers as a financial analyst before being appointed to
a project management position in Japan. Three years later, after a
stint with GE as Financial Controller for Europe, he joined the
finance department at RISO EMEA, where he rose to become
Vice-President, Europe. In 2001, he became Chief Financial Officer
and Executive Director of IDT International before going on to join
Richemont. The Board of Directors was keen to have an independent
director with substantial experience in both Asia and the luxury
goods sector in roles as an executive director and chief financial
officer.
Furthermore, as part of its longstanding succession plan, the
Board of Directors has decided to make the following changes to
Rémy Cointreau’s governance:
- Appointment of Marie-Amélie de Leusse as Chair of the Board
of Directors
Marie-Amélie de Leusse, 44, has served as Vice-Chair of the
Board of Directors of Rémy Cointreau since 24 July 2019. She is
also Deputy Chief Executive of the family holding company,
Andromède, Rémy Cointreau’s principal shareholder. After graduating
from the ESCP-EAP business school, Marie-Amélie de Leusse began her
career at Société Générale Investment Banking in London before
joining NM Rothschild & Sons, where she held a number of
positions in the capital goods team working on mergers and
acquisitions. Between 2010 and 2016, she held a number of roles
within Rémy Cointreau’s finance team, first in Paris and
subsequently in Singapore. Marie-Amélie de Leusse is the daughter
of Dominique Hériard Dubreuil.
If she is reappointed as a director at the General Meeting to be
held on 21 July 2022, the Board of Directors will propose that
Marie-Amélie de Leusse be appointed Chair of the Board of Directors
to replace Marc Hériard Dubreuil, who will represent Orpar SA, the
holding company owned by Andromède.
Following the chairmanships of Dominique Hériard Dubreuil,
François Hériard Dubreuil and Marc Hériard Dubreuil, this
appointment would be perfectly in keeping with the generational
transition between members of the Hériard Dubreuil family on the
Board of Directors, a process that began several years ago.
- Appointment of Caroline Bois as Vice-Chair of the Board of
Directors
Caroline Bois, 45, is Deputy Chief Executive of Andromède and
has been a member of the Board of Directors of Rémy Cointreau since
24 November 2020. A graduate of the HEC business school and holder
of a master’s degree from INSEAD’s Management Acceleration
Programme, from 1998 Caroline Bois held various management roles in
finance and project management at Freelance.com, Dictis and
International SOS. She joined Rémy Cointreau in 2014, serving as
Head of Group Financial Control and Planning from 2014 to 2019.
Caroline Bois is the daughter of François Hériard Dubreuil.
Since Marie-Amélie de Leusse, as future Chair of the Board of
Directors, would no longer be able to sit on the Appointments and
Remuneration Committee, as well as Gisèle Durand who will no longer
represent ORPAR, Caroline Bois and Elie Hériard Dubreuil, son of
Michel Hériard Dubreuil, would join that committee.
Furthermore, the Board of Directors will appoint Jérôme
Bosc to replace Jacques Hérail as a non-voting member of the
Board of Directors of Rémy Cointreau.
Jérôme Bosc, 43, is Chairman of Alboran, which manages a
portfolio of hotels and offers an end-to-end hotel services
platform ranging from investment through to operational management
of individual hotels. As Marc Hériard Dubreuil’s son-in-law, he
will represent the principal shareholder.
These appointments will take effect at the meeting of the Board
of Directors that will follow the General Meeting to be held on 21
July 2022.
About Rémy Cointreau
All around the world, there are clients seeking exceptional
experiences; clients for whom a wide range of terroirs means a
variety of flavors. Their exacting standards are proportional to
our expertise – the finely-honed skills that we pass down from
generation to generation. The time these clients devote to drinking
our products is a tribute to all those who have worked to develop
them. It is for these men and women that Rémy Cointreau, a
family-owned French Group, protects its terroirs, cultivates
exceptional multi-centenary spirits and undertakes to preserve
their eternal modernity. The Group’s portfolio includes 14 singular
brands, such as the Rémy Martin and Louis XIII cognacs, and
Cointreau liqueur. Rémy Cointreau has a single ambition: becoming
the world leader in exceptional spirits. To this end, it relies on
the commitment and creativity of its more than 1,900 employees and
on its distribution subsidiaries established in the Group’s
strategic markets. Rémy Cointreau is listed on Euronext Paris.
1 After analysing the independence criteria set out in section
9.5 of the AFEP-MEDEF Code of Corporate Governance updated in
January 2020, on the basis of the work undertaken by the
Appointments and Remuneration Committee, the Board of Directors
concluded that Alain Li could be considered independent.
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