Pernod Ricard launches the second edition of its global employee share ownership plan
80% of the Group’s employees are now eligible and thus closely associated with Pernod Ricard’s growth
MARCH 18, 2022 – Building on the success of its first employee shareholding operation in 2019, Pernod Ricard plans to once again involve its employees in the Group’s growth and reward them for their daily commitment.
From 21 March 2022, Pernod Ricard employees will have the opportunity to participate in the Group’s shareholding plan. Named “Accelerate”, this plan contributes to the conditions for sustainable and profitable growth for all Pernod Ricard stakeholders, starting with its employees. The employee shareholding plan will allow all beneficiaries to acquire Pernod Ricard shares at advantageous conditions within the framework of the Group Savings Plan (PEG) and an International Group Savings Plan (PEGI).
For this second edition, and in line with the Group’s ambition to extend this scheme to as many people as possible, seven new markets are now eligible. The launch of this plan is the result of nearly eight months of preparatory work by the Group’s headquarters and the teams in the 24 markets associated with the project worldwide.
“Already more than 80 years ago, our founder, Paul Ricard, was a pioneer in this field by offering Ricard employees innovative profit-sharing and employee savings schemes. I am particularly proud to be able to continue this commitment by offering a growing number of employees the opportunity to participate in our second employee share ownership plan. Our employees have always been at the heart of our success and have shown incredible resilience and commitment during these recent challenging years. Together with the Board of Directors, we wanted to involve them even more closely in Pernod Ricard’s growth.”
The “Accelerate 2022” project was approved by the Board of Directors on 21 July 2021.
ABOUT PERNOD RICARD
Pernod Ricard is the world’s No 2 in wines and spirits with consolidated sales of €8,824 million in FY 2021. 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, which owns 16 of the Top 100 Spirits Brands, holds one of the most prestigious and comprehensive brand portfolios in the industry, including: 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’s brands are distributed across 160+ markets and by its own salesforce in 73 markets. The Group’s decentralised organisation empowers its 18,500 employees to be true on-the-ground ambassadors of its vision of “Créateurs de Convivialité.” As reaffirmed by the Group’s strategic plan, “Transform and Accelerate,” deployed in 2018, Pernod Ricard’s strategy focuses on investing in long-term, profitable growth for all stakeholders.
The Group remains true to its three founding values: entrepreneurial spirit, mutual trust, and a strong sense of ethics, as illustrated by the 2030 Sustainability and Responsibility roadmap supporting the United Nations Sustainable Development Goals (SDGs), “Good times from a good place.” In recognition of Pernod Ricard’s strong commitment to sustainable development and responsible consumption, it has received a Gold rating from Ecovadis. Pernod Ricard is also a United Nations’ Global Compact LEAD company. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code: FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices.
SOURCE: Pernod Ricard