Leadership Shakeup at Pernod Ricard's Cognac Division

Philippe Neusch, vice president of cognac at Pernod Ricard, has exited his role after under two years amidst challenging market conditions. Francois-Xavier Morizot will replace him, taking over alongside his duties leading the champagne segment.

In a recent reshuffling in the spirits industry, Pernod Ricard's vice president of cognac, Philippe Neusch, has vacated his position. This information comes from an internal memo corroborated by a company spokesperson.

Neusch's tenure at the helm of Martell, the group's cognac house, was marked by less than two years facing subdued market demand and ongoing international trade challenges.

François-Xavier Morizot, who currently manages the champagne division, has been designated as Neusch's successor. The leadership transition aims to navigate the turbulent market effectively.

(With inputs from agencies.)