TORONTO, May 7 /CNW/ - Corby Distilleries Limited's ("Corby" or the
"Company") (TSX:CDL.A, TSX:CDL.B) Board of Directors announced today that,
following the previously announced appointment of Con Constandis' as Managing
Director of Pernod Ricard China, Patrick O'Driscoll has been appointed as his
successor as President and Chief Executive Officer of Corby effective July 1,
2009. Mr. O'Driscoll has also been appointed as a Corby director effective as
of such date. Pernod Ricard S.A. indirectly owns in excess of 50% of Corby's
issued and outstanding voting common shares and is considered to be Corby's
A native of the United Kingdom, Patrick O'Driscoll, received a Bachelor
of Science in Environmental Biology from the University of London. He has over
25 years of industry experience in North America, Europe and Asia, both with
Pernod Ricard S.A. and previously International Distillers & Vintners. Mr.
O'Driscoll brings invaluable commercial and marketing experience to Corby,
having served in various executive capacities. Prior to joining Corby, he
served as Chairman and Chief Executive Officer of the Malibu-Kahlúa
International, LLC., based in New York. Mr. Constandis will assist Mr.
O'Driscoll with his transition into his new role in the weeks ahead.
"I am extremely pleased that we have found a strong leader in Patrick and
I am confident that his significant industry experience will continue to
foster growth and create value at Corby," said George McCarthy, Chairman of
Corby's Board of Directors. He added: "We congratulate Con again on his
appointment and look forward to working with Patrick to deliver future success
Corby's portfolio of owned-brands includes some of the most renowned
brands in Canada, including Wiser's Canadian whiskies, Lamb's rum, Polar Ice
vodka and Seagram Coolers. Through its affiliation with Pernod Ricard, Corby
also represents leading international brands such as Absolut vodka, Chivas
Regal, The Glenlivet and Ballantine's scotches, Jameson Irish whiskey,
Beefeater gin, Malibu and Kahlúa liqueurs, Mumm champagne, and Jacob's Creek
and Wyndham Estate wines.
The existing Voting Class A Common Shares and Non-voting Class B Common
Shares of the Company are traded on the Toronto Stock Exchange under the
symbols CDL.A and CDL.B.
For further information:
For further information: CORBY DISTILLERIES LIMITED, Ali Mahdavi,
Spinnaker Capital Markets Inc., Tel.: (416) 962-3300 (office), Cell: (416)
402-7300; John Nicodemo, Chief Operating Officer and Chief Financial Officer,
Tel.: (416) 479-2400, firstname.lastname@example.org, www.Corby.ca