TORONTO, April 29, 2020 /CNW/ - Corby Spirit and Wine
Limited's ("Corby" or the "Company") (TSX: CSW.A, CSW.B) Board
of Directors announced today that Patrick
O'Driscoll, President and Chief Executive Officer of Corby,
will retire, effective June 30, 2020
and that Nicolas Krantz has been
appointed as his successor effective July 1,
2020. Mr. Krantz has also been appointed as a Corby director
effective as of such date filling the vacancy created by Mr.
O'Driscoll's departure.
A native of France,
Nicolas Krantz is currently Chief
Executive Officer of Pernod Ricard Winemakers, Spain. Previously, Krantz was the Chief
Financial Officer of Pernod Ricard, EMEA & LATAM and held
various executive roles with several Pernod Ricard affiliates and
predecessor companies. He brings over 25 years of industry and
financial experience to Corby. He has Master of Finance and
Bachelor of Economics degrees, from Sorbonne University
(Paris). Mr. O'Driscoll will
assist Mr. Krantz with his transition into his new role in the
months ahead.
"The Corby Board is pleased to have found a talented leader to
replace Patrick and is looking forward to Nicolas joining the
company. His strong leadership skills and significant industry
experience should help us to continue to grow shareholder value.
Nicolas will provide further momentum to Corby's development and
growth within the Canadian and international spirit and wine
industry," said George McCarthy,
Chairman of Corby's Board of Directors.
During Mr. O'Driscoll's ten-year term at Corby, the Company
secured the long-term representation rights for Absolut vodka,
reignited the J.P. Wiser's Canadian whisky brand, acquired the
Ungava Spirits brands and introduced numerous brand innovations.
Under Mr. O'Driscoll's leadership, Corby also established itself as
a meaningful wine industry player, expanded pursuit of growth
opportunities outside Canada,
adapted to new routes to market within Canada, deepened the company's sustainability
& responsibility efforts, and refreshed both the corporate
identity and head office location.
"It has been a privilege to work alongside Patrick these past
years. Amongst his many accomplishments while leading Corby,
Patrick developed the strong, mutually beneficial relationship with
our controlling shareholder, Pernod Ricard, that exists today. We
congratulate Patrick on his retirement and wish him the best," said
Mr. McCarthy.
About Corby
Corby Spirit and Wine Limited is a leading
Canadian manufacturer, marketer and distributor of spirits and
imported wines. Corby's portfolio of owned-brands includes some of
the most renowned brands in Canada, including J.P. Wiser's®, Lot 40®, and
Pike Creek® Canadian whiskies, Lamb's® rum, Polar Ice® vodka and
McGuinness® liqueurs, as well as the Ungava® gin, Cabot Trail®
maple-based liqueurs and Chic Choc® spiced rum and Foreign Affair®
wines. Through its affiliation with Pernod Ricard S.A., a global
leader in the spirits and wine industry, Corby also represents
leading international brands such as ABSOLUT® vodka, Chivas Regal®,
The Glenlivet® and Ballantine's® Scotch whiskies, Jameson® Irish
whiskey, Beefeater® gin, Malibu® rum, Kahlúa® liqueur, Mumm®
champagne, and Jacob's Creek®, Wyndham Estate®, Stoneleigh®, Campo
Viejo®, and Kenwood® wines. Corby is a publicly traded company
based in Toronto, Ontario, and is
listed on the Toronto Stock Exchange under the trading symbols
CSW.A and CSW.B. For further information, please visit our
website or follow us on LinkedIn.
SOURCE Corby Spirit and Wine Limited