Mike Dolan has been confirmed as Bacardis permanent CEO

Mike Dolan has been confirmed as Bacardi's permanent CEO

Bacardi has installed Mike Dolan as its permanent CEO after he was first appointed on an interim basis in May.

The privately-owned spirits and wine firm confirmed to just-drinks today that Dolan was handed the role on a permanent basis in November. The news was disclosed in a letter to shareholders, but not announced publicly. 

“Mike Dolan has agreed to become the permanent CEO,” said Bacardi chairman Facundo Bacardi in the letter. “Having used his brief period of initiation in the interim CEO role to gain an even deeper insight into the company’s brands and its people, we are delighted that the confidence Mike gained in the company’s potential to succeed encouraged him to take on the role permanently.”

Dolan, the former head of global sports, fashion and media company IMG Worldwide, was appointed to the role on interim basis after the departure of Ed Shirley last year. Dolan has been on Bacardi's board since 2009.

just-drinks has also learnt that Bacardi's VP for corporate communications, Patricia Neal, has left the company. Neal, who had been with the company for 12 years and as communications VP since early-2005, stepped down in October. It is not immediately clear where she has moved to.

The company has no plans to replace her.

Yesterday, the Bermuda-based group appointed Dmitry Ivanov as its chief marketing officer with immediate effect.