Oeneo announced that at its meeting of 5 September 2016, the Board of Directors appointed Mr. François Morinière as Chairman of the Board of Directors, effective 1 October 2016. He succeeds Mr. Marc Hériard Dubreuil, who will remain on the Board of Directors. Marc Hériard Dubreuil is stepping down as Chairman of the Board after more than a decade at Oeneo's helm.

At this meeting, the Board of Directors appointed Mr. Nicolas Hériard Dubreuil as Chief Executive Officer. He will take up his position on 1 October 2016 and will be responsible for managing Oeneo Group's expansion. He currently serves as Rémy Martin Products and Estates Director at the family-owned Rémy Cointreau group.

He manages production of Rémy Martin cognac, from the vineyard to finished bottle, as well as the R&D laboratory's activities and the vineyards. Nicolas Hériard Dubreuil is also a member of the Standing Committee of the Bureau National Interprofessionnel du Cognac (BNIC). He will work closely with all division managers and will report to the Board of Directors chaired by Mr. Morinière, to whom the Board of Directors has also delegated responsibility for investor and public relations.

Mr. Morinière had previously been appointed as director to replace Mr. François Glémet, who resigned as director, for the remainder of Mr. Glémet's term, or until the shareholders' meeting called to approve the 2016-2017 financial statements. Mr. Glémet was appointed as a non-voting member to replace Mr. André Charles, who resigned, for the remainder of Mr. Charles's term, or until the shareholders' meeting called to approve the 2018-2019 financial statements. Ms. Marie-Amélie Jacquet, a director since 2013, was also named Vice-Chairman of the Board of Directors, succeeding Mr. François Hériard Dubreuil, who will remain on the Board of Directors.