UK: New head for Maxxium Global Travel Retail
Erik Juul-Mortensen has been appointed to head the newly-expanded Global Travel Retail (GTR) division of Maxxium Worldwide. Mortensen will assume the position from October, following the retirement of John Mangiacapra.
Prior to joining Maxxium, Mortensen was president of global duty free at V&S Absolut Spirits.
In a statement, Ben van Doesburgh, CEO of Maxxium Worldwide, said: "John has played a critical role in building Maxxium GTR into a top 3 player in the global duty free business. I would like to thank him for his great contribution and wish him all the best during his well deserved retirement.
"I also would like to welcome Erik into his new position in Maxxium. It is great to have the opportunity to fill this crucial role with such an experienced and successful senior manager."
John Mangiacapra added: "Last year, Maxxium Worldwide and its shareholders announced the significant expansion of Maxxium's Global Travel Retail operation beyond Europe and Asia Pacific to cover a number of new regions, including the US market, Central & South America, the Middle East, India, Africa as well as some Eastern European markets.
"By January 2006, we will have completed this process and Maxxium GTR will be a truly global player in the Duty Free and Travel Retail market. This presents an ideal time to transfer management responsibility to Erik."
"Maxxium GTR is in an exciting phase, expanding its reach and coverage of the international duty free and travel retail market, and I am delighted to be part of that process," Mortensen said. "The continued phenomenal growth in international travel, both for business and leisure, offers a great opportunity to further develop the position for the outstanding brands in the Maxxium portfolio."
Maxxium Global Travel Retail, is a division of Maxxium Worldwide BV, which is jointly-owned by The Edrington Group, Jim Beam Brands, Remy-Cointreau and V&S Group.
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