Bacardi has confirmed a change of CFO, its second in less than two years.

The company said today (6 July) that Jacques Croisetière will replace Ralph Morera in the position at the beginning of next month. Morera, 64, re-assumed the position of CFO in December 2007, when Graham Hetherington left the post after only eight months. Morera is set to retire.

"Under Ralph's leadership, Bacardi Limited strengthened its corporate and financial governance practices, oversaw the financial aspects of several successful brand transactions and expanded analyst and banking relationships," said Bacardi's chairman, Facundo Bacardi. "We thank Ralph for his dedication and commitment to the company and wish him all the best in his retirement."

Croisetière was most recently at Rohm and Haas where he served as the CFO for six years. In a career spanning 10 years with Rohm and Haas, he assumed positions including vice president and European region director and director of Ion Exchange Resins in Paris.