18 May 2018 13:22

Moet Hennessy headed up by new CEO in Russia

MOSCOW. May 18 (Interfax) - Moet Hennessy Distribution Rus LLC, which represents leading global alcohol producer Moet Hennessey in Russia, has been headed up by a new CEO.

According to the SPARK-Interfax system, Vilmo Sebastien has replaced Vladimir Kaydalov as CEO effective May 16, 2018.

In 2016, Moet Hennessy Distribution Rus (Moet Hennessy) boosted revenue 18.2% to 6.5 billion rubles compared with 5.47 billion rubles in the previous year, with net profit up to 365.1 million rubles compared with 120.7 million rubles, respectively.

In that year, the company's revenue growth rates exceeded those of Pernod Ricard and Bacardi, the other leading global alcohol producers operating in Russia.

The company has not yet released financial indicators for 2017.