PUERTO RICO: Bacardi welcomes family member to Puerto Rico
Bacardi has announced the pending retirement of the president of its Puerto Rican operations, and the promotion of a Bacardi family member to the post.
Angel Torres will move from his present position as president of Bacardi Corporation - the name of its Puerto Rico-based unit - to become chairman, with a view to retiring altogether at the end of October, the company said today (11 February). Torres will be replaced as president - as well as becoming CEO - by Joaquin Bacardi, a senior global brand marketing director with the company and great-great grandson of founder Don Facundo Bacardi.
The two promotions take effect from 1 April, with Torres due to retire after 28 years with the company on 31 October.
As chairman, Torres will be responsible for the corporate entity and presence of Bacardi in Puerto Rico, while continuing to manage the company's governmental relations, environmental and community and social responsibility activities in the country.
"Puerto Rico has always had a special role for Bacardi as it is recognised as the chief production site of Bacardi rum," said John Esposito, president and CEO of Bacardi North America. "These promotions further solidify the company's presence and growth of the Bacardi family of brands in Puerto Rico, islands of the Caribbean and Atlantic - the preferred tourist destinations in the region."
In his new roles at Bacardi Corporation, Puerto Rican-born Joaquin Bacardi will be responsible for managing the day-to-day business operations and marketing for the entire Caribbean region. His marketing area will be expanded to include The Bahamas and Bermuda. He will also become a member of the North American Global Executive Committee.
In its elegant decanter, Patrón is a symbol of the maturing Tequila market. Its traditional 'shooter and slammer' image is long gone and in its place is a much more sophisticated drink now sipped by s...
The top ten most visited stories on just-drinks this week included news the world's number one wine group was to reduce its Australian footprint, Coca-Cola has acquired assets in Colombia and Diageo i...
Thirty five of the world's 100 largest-selling spirits brands by volume are Asian, according to new research....
Bacardi has confirmed a change of leadership at the family-owned drinks company. Facundo Bacardi, the Bermuda-based company's chairman, announced today (4 August) that Seamus McBride will replace Andr...
The top ten most visited stories on just-drinks this week:...
Family-owned spirits producer Heaven Hill Distilleries has added two new flavoured line extensions to its Georgia Moon corn whiskey brand in the US....
The first Bacardi Store opened on Bay Street in downtown Nassau, Bahamas yesterday (31 July)....
Bacardi has acquired a "significant" - albeit unspecified - minority stake in The Patrón Spirits Company....
- Why sports drinks fail to ride the Olympic wave
- Experienced hands hold firm at CCEP - Analysis
- What do US wholesalers think of spirits trends?
- It isn't just men who like beer - Comment
- How the craft economy is loosening alcohol laws
- Diageo merges US, Canada spirits units
- Johnnie Walker's Bourbon bent "coincidental"
- Luxury and e-commerce a "natural fit" - Diageo
- "We're not complacent about Brexit" - Diageo
- Diageo's Johnnie Walker set for festive push in TR
- Global gin insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends