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.