Integrated Annual Report FY24

Executive Committee

Refers to the permanent body responsible for coordinating and leading the Group, in cooperation with the Chairman & CEO, whom it assists with his responsibilities. The Executive Committee reviews all decisions related to Group affairs and submits various matters to the Board of Directors when approval is required. It sets the Group performance trajectory, steering and framing the Group’s transformation projects and priorities.

The Executive Committee’s seven key responsibilities include:

• External Dynamics: Identify and action external impacts, opportunities and any potential disruption.
• Delivery of Business Targets: Set annual quantitative and qualitative objectives and optimise resources driving simplification, mutualisation and prioritisation.
• Strategic Priorities & Transformation: Identifies, defines, and actions the key strategic priorities.
• Portfolio & Brand Strategy: Reviews key initiatives and strategic inflections including portfolio innovation.
• Culture & Ways of Working: Fosters the positive Pernod Ricard culture, values and ensures efficient ways of working across the organisation.
• Talent Management: Group-wide talent identification, development, and management.
• Corporate Governance & Compliance: Ensure exemplary corporate governance and compliance standards are achieved across all functions.

The Committee is responsible for overseeing the Group’s business activities and ensuring that its main policies are applied. More specifically, the Committee analyses the performance of the Group’s business in relation to its market plan (budget and strategic plan); actively participates in setting financial and operational objectives (financial results, debt and qualitative objectives); periodically reviews the brand and market strategies; analyses performance and evaluates changes in the organisation as needed; and approves and ensures compliance with the Group’s main policies.