Pernod CEO calls Elliott talks ‘cordial and constructive’

Business

FILE PHOTO: Alexandre Ricard, Chairman and Chief Executive Officer of French drinks maker Pernod Ricard, poses at the company headquarters in Paris, February 12, 2015. REUTERS/Christian Hartmann/File Photo

LONDON (Reuters) – French spirits group Pernod Ricard’s CEO Alexandre Ricard on Tuesday described talks with activist investor Elliott as “confidential, but cordial and constructive”.

He said the talks centered around corporate governance and margin improvement.

He declined to comment on the likelihood that Elliott would seek a board seat at the maker of Absolut vodka and Martell cognac.

Reporting by Martinne Geller, editing by Louise Heavens

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