Bacardi Limited Names New Chief Executive Officer
HAMILTON, Bermuda (Business Wire EON/PRWEB ) August 4, 2008 --
Facundo L.
Bacardi, chairman of Bacardi
Limited — the world’s
largest privately held spirits company — today
announced Seamus McBride will become the Company’s
new president and chief executive officer effective September 1, 2008.
Mr. McBride was elected by unanimous vote of the board of directors as
part of a planned succession process.
Mr. McBride will join Bacardi Limited from the Colgate-Palmolive
Company, where he served as executive vice president and president,
North America and worldwide commercial effectiveness. Mr. McBride will
be based at Bacardi Limited’s headquarters in
Bermuda.
“Seamus is an outstanding business leader with
broad global expertise in consumer products including marketing,
commercial operations, and systems. We look forward to benefiting from
his vast experience in leading our global spirits business to new
successes in a challenging competitive environment,”
said Mr. Bacardi. “He is ideally suited to
build upon our record results and our premium strategy led by current
president and chief executive officer, Andreas Gembler, and the Bacardi
Limited executive team.”
Mr. McBride added, “Bacardi Limited is an
exceptional company with a focused portfolio of premium and super
premium brands. I look forward to working with the team at such a
respected company with its rich heritage and forward-looking strategy.”
Mr. McBride led Colgate’s business operations
in the U.S., Canada, Puerto Rico and the Caribbean, and directed Colgate’s
global commercial effectiveness program. He has more than 25 years of
marketing and management experience at Colgate in positions of
increasing responsibility in North America, Europe and Asia. In
addition, he spent four years as marketing director for beer producer,
Bass Plc.
Mr. McBride, 53, will succeed Andreas
Gembler, 65, who has held the position of president and chief
executive officer of Bacardi Limited since 2005. Mr. Gembler will
continue in his current role until Mr. McBride’s
succession, after which he will retire. Mr. Gembler will provide advice
and counsel to ensure a smooth transition.
“We want to thank Andreas for his
extraordinary leadership and many contributions to Bacardi Limited.
During each year of his tenure, our Company produced record
sales, earnings from operations and net income. Andreas set the
Company on a transformative path that will serve us well into the future,”
added Mr. Bacardi.
About Bacardi Limited
Bacardi Limited is the
largest privately held spirits company in the world and produces and
markets a variety of internationally recognized spirits. The Bacardi
Limited brand portfolio consists of more than 200 brands and labels,
including: BACARDI®
rum, the world’s number-one selling
premium rum; GREY
GOOSE® vodka, the world leader in super
premium vodka; MARTINI®
vermouth, the world leader in vermouth; DEWAR’S®
Scotch whisky, the number-one selling blended Scotch whisky in the
United States; BOMBAY
SAPPHIRE® gin, the fastest-growing
premium gin in the world; CAZADORES®
blue agave tequila, the top-selling premium tequila in the world;
and other leading brands. For more information, visit www.BacardiLimited.com.
MULTIMEDIA GALLERY http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5746743
See the original story at: http://eon.businesswire.com/releases/bacardi/limited/prweb1175944.htm
Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/VGhpci1UaGlyLVNpbmctUHJvZi1TaW5nLVNpbmctWmVybw==
Bookmark -
Del.icio.us |
Furl It |
Technorati |
Ask |
MyWeb |
Propeller |
Live Bookmarks |
Newsvine |
TailRank |
Reddit |
Slashdot |
Digg |
Stumbleupon |
Google Bookmarks |
Sphere |
Blink It |
Spurl
|
