ARA GRIGORYAN APPOINTED YEREVAN BRANDY COMPANY MANAGING DIRECTOR

PanARMENIAN.Net
23.01.2009 GMT+04:00

Mr. Cedric Retailleau, who had been the Managing Director of Yerevan
Brandy Company since January 2007, is appointed as General Manager
of Pernod Ricard Venezuela and Northern Cone.

Since January 1, 2009 the position of the Managing Director of the
Yerevan Brandy Company has been taken by Mr. Ara Grigoryan, who had
been the Managing Director of Pernod Ricard Ukraine and Pernod Ricard
Minsk since January 2001. Mr. Grigoryan will combine the position of
YBC Managing Director with the position of the Pernod Ricard Minsk
Managing Director.

/PanARMENIAN.Net/ Mr. Cedric Retailleau, who had been the Managing
Director of Yerevan Brandy Company since January 2007, is appointed
as General Manager of Pernod Ricard Venezuela and Northern Cone.

"Only those people who enjoy confidence can take the post of Managing
Director and Mr. Grigoryan is one of them," said Mr. Eric Laborde,
Director General of Pernod Ricard Eastern Europe. "We are in the firm
belief that it was the right decision."

"I am happy to take this high post and work with a perfectly built
team," Mr. Ara Grigoryan, the newly appointed Managing Director said
in his remarks.

As of 2008-2009 fiscal year 1st semester date Yerevan Brandy Company
has registered a 8 per cent sales growth, reaching this indicator to
2.6 liters. The growth was attained thanks to the extension of the
sales share in Armenia, Russia and in the Baltic states.

As compared to the previous years index, the sales volume in Russia
increased by 14 per cent, composing 1.9 million liters, in Armenia
by 4 per cent, composing 218 thousand liters and by 16 per cent in
the Baltic states.

There is also a tangible process in Germany, Poland, Bulgaria and
Czech Republic.

Annually, Yerevan Brandy Company invests approximately 5 million USD
in the improvement and development of its production and technological
facilities, and approximately 12 million USD for the best organization
of the grape purchase procedure and completion of spirit stocks.