Remy Martin CEO Departure Could Signal More Trouble

Dear Client: French press (and one well-respected cognac expert) are reporting that Remy Martin chief, Patrick Piana, is leaving Remy Cointreau. This news comes less than a month after the announcement that Remy Cointreau chief Frederic Pflanz resigned after just three months on the job. Patrick joined Remy Cointreau in the thick of the recession in 2009 after serving as senior vp of Pernod Ricard USA for two years. He is responsible for all aspects of the Remy Martin brand