Ara Grigorian Assumes Post Of YBC Director General On January 1

ARA GRIGORIAN ASSUMES POST OF YBC DIRECTOR GENERAL ON JANUARY 1

Noyan Tapan

Jan 22, 2009

YEREVAN, JANUARY 22, NOYAN TAPAN. Ara Grigorian, the CEO of Pernod
Ricard’s representative offices in Ukraine and Minsk, assumed
the post of director general of the Yerevan Brandy Company (YBC)
on January 1. Pernod Ricard’s CEO for Eastern Europe Eric Laborde
said at the January 22 press conference that the former CEO of YBC
Cedrik Retailleau who held this post from July 2007 to January 1,
2009, has been appointed Pernod Ricard’s CEO for Venezuela.

In the words of E. Laborde, "Ararat" is an absolute strategic trade
mark for Pernod Ricard. He underlined that the company attaches
special importance to the selection of the personnel for correct
management and development of business. "The people who represent our
our representative offices are Pernod Ricard’s ambassadors in these
countries. If a person is appointed executive director, it means that
we have 100% trust in him," E. Laborde said.

He described Ara Grigorian as a highly-qualified expert, thanks to whom
Pernod Ricard’s Ukrainian office has achieved high indices and become
one of the most successful companies in the country in the past 10
years. "We are sure that we made a correct choice by appointing him,
on the other hand we are glad that he has returned to homeland,"
E. Laborde stated.

The newly appointed director said that no personnel-related changes
are envisaged at the company because only professionals work there.

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