US: Bacardi CEO announces resignation

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The CEO of Bacardi has resigned. The company announced today (22 November) that Javier Ferran, who was also president, has decided to leave the company for personal, family reasons.

In a statement, Ruben Rodriguez, chairman of the board of Bacardi, said: "I regret to announce that Javier Ferran has resigned as CEO of Bacardi. Mr. Ferran had a distinguished career of more than 18 years with the company."

Ferran served as general manager in Portugal and UK with Martini & Rossi. Subsequent to the acquisition of Martini & Rossi by Bacardi, he was appointed regional president of Europe.

In June 2003, Ferran was appointed president and CEO of Bacardi. Rodriguez added: "Javier directed and executed the acquisition of Grey Goose vodka, adding much value to the Bacardi portfolio of premium brands."

The board of directors has commenced a search through a recognised international executive recruiting firm to identify a new CEO. In the interim, in addition to his responsibilities as chairman, Rodriguez will reassume CEO duties.

Rodriguez previously served as president and CEO from June 2000 until June 2003.

Sectors: Spirits

Companies: Bacardi Ltd

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