Allied Domecq’s legal chief Len Quaranto has been made redundant following the takeover of the FTSE100 drinks group by France’s Pernod Ricard.
Quaranto, who joined Allied Domecq as general counsel and company secretary in August 2001, will be leaving the company at the end of October. Quaranto missed out to Pernod’s Paris-based general counsel Ian Fitzsimons for the role of heading the combined company’s legal function.
Quaranto told The Lawyer: “I’ll be looking for a new job, but I’m not in a frantic rush to jump on the first bus that comes along.”
The takeover has also resulted in the departure of Maria Reay, the general counsel of Allied Domecq’s wines business. Reay, who has also yet to secure a position elsewhere, is understood to have been with Allied Domecq for approximately six years.
Quaranto’s departure also sees Allied Domecq’s relationship with principal legal adviser Linklaters, which advised the company on the takeover by Pernod, come to an end. Linklaters’ relationship with Allied Domecq spans several years and was born out of a relationship between corporate partner David Cheyne and one of the company’s directors.
Meanwhile, in a related move, Allied Domecq deputy company secretary Charles Brown joined Standard Chartered as company secretary at the start of the month. Charles’s appointment follows Standard Chartered head of legal David Brimacome’s decision to relinquish his role as company secretary.
Pernod declined to comment.