0745 GMT - Remy Cointreau's quick change of CEO is positive amid a challenging environment for beverage names, Citi analyst Simon Hales says in a note. The French liquor maker appointed Franck Marilly as its new CEO, who will take the reins on June 25. Current CEO Eric Vallat will help oversee the transition before leaving in the summer. Although the timing of the change in CEO might be seen as unhelpful given the continuing tough backdrop for the spirits industry, the quick resolution to group leadership should be well received, Hales says. Shares are up 3.2% at 48.64 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 03:46 ET (07:46 GMT)
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