**Remy Cointreau CEO Eric Vallat Resigns Amid Trade Challenges**
**Meta Description:** Eric Vallat resigns as CEO of Remy Cointreau to pursue new opportunities, as the company faces trade disputes impacting sales in the U.S. and China.
**URL Slug:** remy-cointreau-ceo-resignation-trade-disputes
**Remy Cointreau CEO Eric Vallat Resigns Amid Trade Challenges**
PARIS/LONDON, April 9 – Eric Vallat, the CEO of Remy Cointreau, has announced his resignation after more than five years at the helm of the renowned French cognac producer. The decision comes as the company grapples with significant trade disputes that are adversely affecting its sales in its two largest markets, the United States and China. Vallat’s resignation is set to take effect this summer, and the board has appointed chairperson Marie-Amelie de Leusse to manage the transition until a new CEO is appointed.
While the company did not disclose Vallat’s future plans, de Leusse expressed gratitude for his leadership and strategic vision during his tenure. “I would like to express our sincere gratitude to Eric for his commitment, leadership, and strategic vision,” she stated, wishing him success in his future endeavors.
Remy Cointreau has been facing declining sales in the U.S., exacerbated by potential tariffs that could impose a 20% levy on French exports, including cognac. Additionally, recent tariffs on European Union brandy in China have further complicated the company’s market position. With approximately 70% of its sales derived from cognac, primarily in these two nations, Remy is more vulnerable to these tariffs compared to competitors with a more diversified geographic presence or product range.
The company’s stock has experienced a significant downturn, reflecting broader industry challenges as spirits sales have declined following a post-pandemic surge. Shares have dropped over 26% this year alone. Vallat noted that he has laid a strong foundation for the company and expressed confidence that his successor will be able to leverage the brand’s strengths to navigate future recovery.
“My commitment will remain total until my official departure date,” Vallat affirmed. The terms of his departure compensation will be presented to shareholders at the upcoming general meeting.
**FAQ**
**What prompted Eric Vallat’s resignation from Remy Cointreau?**
Eric Vallat resigned to pursue new professional opportunities as Remy Cointreau faces trade disputes affecting its sales in the U.S. and China.
