TORONTO, June 5 /CNW/ - Corby Distilleries Limited's ("Corby" or the
"Company") (TSX:CDL.A, TSX:CDL.B) Board of Directors announced today that John
Nicodemo, Chief Financial Officer and Chief Operating Officer of Corby, will
leave the Company, effective June 30, 2009, to assume the role of Chief
Operating Officer of Pernod Ricard Korea. Thierry Pourchet has been appointed
as his successor as Vice-President and Chief Financial Officer of Corby
effective August 1, 2009. Mr. Pourchet has also been appointed as a Corby
director effective as of such date filling the vacancy created by Mr.
Nicodemo's departure. 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 ultimate parent.
A native of France, Thierry Pourchet graduated from Ecole de Management
de Lyon (France). He has over 16 years of industry experience in Europe
(Germany, France) and North America with several Pernod Ricard Affiliates. Mr.
Pourchet brings extensive financial and operational experience to Corby,
having served in various executive capacities. Prior to joining Corby, he
served as Chief Operating Officer of Malibu-Kahlúa International, one of
Pernod Ricard's brand owning companies based in New York. Mr. Nicodemo will
assist Mr. Pourchet with his transition into his new role in the weeks ahead.
During Mr. Nicodemo's term at Corby, the Company positively evolved and
added the Canadian representation of Pernod Ricard's portfolio of brands,
including the recent agreement to represent Absolut vodka, to the premium
Corby portfolio. "John's commitment and significant contributions to Corby's
past successes are self-evident, having been an exceptional leader helping to
guide the company for over ten years," said George McCarthy, Chairman of
Corby's Board of Directors. He added: "We congratulate John on his appointment
and wish him all the best with this exciting opportunity."
"I am confident that Thierry's significant industry experience will
enhance the solid foundation at Corby and I look forward to working with him,"
said Mr. McCarthy.
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, email@example.com, www.Corby.ca