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Drinks MarketWatch

COMPANY SPOTLIGHT: LVMH MOET HENNESSY LOUIS VUITTON Moet Hennessy USA appoints president and CEO
Moet Hennessy USA, an importer and marketer of luxury wines and spirits in the US, has appointed Jim Clerkin as president and CEO. Clerkin joined Moet Hennessy USA in June 2008 as executive vice president and COO, with responsibility for global brands which include Hennessy cognac, Moet & Chandon Champagne, Dom Perignon, Veuve Clicquot Champagne, Grand Marnier, and Belvedere vodka. Prior to joining Moet Hennessy, he had roles of increasing responsibilities within the Guinness Group, including serving as managing director of Gilbeys of Ireland for five years, as president of Diageo North America's western division, and as president of Allied Domecq North America from 2003 until 2006. From 2006 to 2008, Clerkin was president of Beam Global Spirits & Wines, with responsibility for the US and Mexico. Clerkin also represents Moet Hennessy on the board of DISCUS, the Distilled Spirits Council of the US. In his new role, he succeeds Mark Cornell, who has been president and CEO of Moet Hennessy USA since 2006.

Business description
LVMH Moet Hennessy Louis Vuitton (LVMH), an international group of companies, is principally engaged in the manufacturing and sale of luxury products under various product categories and brand names. The company offers its products through a store network of 2,423 stores across the US, Europe, Asia Pacific, and some other markets. LVMH operates five reportable business divisions: fashion and leather goods, selective retailing, wines and spirits, perfumes and cosmetics, and watches and jewelry. The wines and spirits division produces and markets a range of champagnes, sparkling wines, still wines and other beverages. Moet Hennessy is the main subsidiary in this division. LVMH's champagne brands include Dom Perignon, Moet & Chandon, Ruinart and Veuve Clicquot Ponsardin. The company also offers cognac through its Hennessy brand

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