* Full-year profit from recurring operations up 9 pct
* Sales up 8 pct organically
* Alexandre Ricard to become deputy CEO
* Daniele Ricard appointed chairman
(Recasts, adds CEO comments, details)
By Elena Berton and Dominique Vidalon
PARIS, Aug 30 The founding family of French
drinks group Pernod Ricard on Thursday strengthened
its grip on the world's second-largest spirits maker, setting
the stage for a third-generation member to become chief
executive and chairman.
Alexandre Ricard, 40, has been named deputy chief executive
and chief operating officer in view to replacing Chief Executive
Pierre Pringuet, due to retire in January 2015, the company said
At that time Alexandre Richard will also replace his aunt
Daniele Ricard, 73, as chairman. She was recently named to the
post after the sudden death of her late brother Patrick Ricard,
whose father Paul founded the maker of the eponymous
aniseed-flavoured liquor in Marseille in 1932.
The appointment of Alexandre Ricard will fulfill his uncle's
wish that the founder's French heirs remain at the helm of a
global business that includes Jameson Whisky and Absolut Vodka,
alongside Ricard and Pernod pastis.
The family is Pernod Ricard's largest shareholder with a 14
Pringuet, the first person outside the Ricard family to hold
the CEO post, has been appointed vice-chairman of the board.
The company said on Thursday it recorded its best growth
since the 2008 crisis after solid Asian markets and robust U.S.
demand lifted profit by 9 percent, beating its own previously
The Paris-based maker of Absolut vodka and Martell cognac
posted organic growth in profit from recurring operations of 9
percent to 2.11 billion euros ($2.64 billion) on Thursday,
beating Pernod's own guidance for growth close to 8 percent in
the fiscal year.
Underlying sales rose 8 percent to 8.22 billion euros, in
line with a consensus of 8.21 billion from five analysts polled
"Despite the economic uncertainty, we are confident in the
group's ability to deliver solid growth this year as well,"
Pringuet said in a statement.
At 0737 GMT, Pernod Ricard shares were trading 1.4 percent
lower at 86.56 euros, underperforming the CAC40 index
down 0.24 percent.
($1 = 0.7982 euros)
(Reporting by Elena Berton and Dominique Vidalon; Additional
reporting by Matthieu Protard; Editing by James Regan and