Published On 07/10/2019

Pernod Ricard’s first international employee shareholding plan is a resounding success

pernod ricard

Pernod Ricard’s first international 
employee shareholding plan is a resounding success

 

Overall subscription rate of 41.5% and high international participation

 

Pernod Ricard employees were recently presented with the opportunity to take part in their first share ownership plan (see 26 April 2019 press release). The programme was offered to employees in 18 countries representing 75% of the Group’s workforce and proved highly successful, with an overall subscription rate of 41.5%, a level rarely achieved when structured offerings are launched. This result positions Pernod Ricard as one of the companies with the highest participation rates in an international programme, according to figures from the French Federation of Employee Shareholder Associations, FAS (Fédération Française des Associations d’Actionnaires Salariés). 

The subscription rate exceeded 60% in a number of countries, such as India (76.45%) and Hong Kong (60.45%). In France, the subscription rate was 56.89%.

This scheme, called “Accelerate,” is in line with the 3-year strategic plan “Transform & Accelerate,” focused on investing for sustainable and profitable long-term growth for all stakeholders, beginning with employees. This inaugural employee share ownership plan is considered to be an inflexion point in the new Human Resources strategy currently being rolled out, « TransfoHRm »,  as reflected by recently announced initiatives, such as the launch of a new leadership model, the global roll-out of the HR Workday solution and all the managerial initiatives covered by the 2030 Sustainability & Responsibility roadmap. 

Cédric Ramat, Vice-President Human Resources, Sustainability & Responsibility, said, “The huge response from our employees at the global level, and in particular in a number of countries where this kind of scheme is not customary, is a testament to their commitment and confidence.” 

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About Pernod Ricard

Pernod Ricard is the world’s n°2 in wines and spirits with consolidated Sales of € 8, 987 million in FY18. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard holds one of the most prestigious brand portfolios in the sector: Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur, Mumm and Perrier- Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo and Kenwood wines. Pernod Ricard employs a workforce of approximately 18,900 people and operates through a decentralised organisation, with 6 “Brand Companies” and 86 “Market Companies” established in each key market. Pernod Ricard is strongly committed to a sustainable development policy and encourages responsible consumption. Pernod Ricard’s strategy and ambition are based on 3 key values that guide its expansion: entrepreneurial spirit, mutual trust and a strong sense of ethics.  Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 index.

Contacts Pernod Ricard

Julia MASSIES VP, Financial Communication & Investor Relations Tel: +33 (0)1 41 00 41 07

Adam RAMJEAN Investor Relations Manager Tel: +33 (0)1 41 00 41 59

Fabien Darrigues External Communications Director Tel: +33 (0)1 41 00 44 86

Alison DONOHOE Press Relations Manager Tel: +33 (0)1 41 00 44 63

Emmanuel VOUIN Press Relations Manager Tel: +33 (0)1 41 00 44 04