Mahesh Madhavan Officially Takes Over As Bacardi CEOOctober 2, 2017
Following a seven-month transition period, Mahesh Madhavan has officially become CEO of Bacardi Ltd., taking over for outgoing chief executive Michael Dolan. Madhavan’s appointment was announced in March, and was originally scheduled to take effect next April.
Concurrent with Madhavan taking the helm, Bacardi has named John Burke as its global CMO, and Ignacio del Valle as head of commercial operations for its Latin America & Caribbean region. Like Madhavan, Burke has spent more than two decades in various leadership roles at Bacardi, most recently as president of the company’s Incubation Brands unit, which includes Angel’s Envy, St-Germain, Banks, Santa Teresa and Leblon. Del Valle a 21-year Bacardi veteran, was most recently head of the group’s business in the Caribbean, Central America, and the Andean countries of Colombia, Ecuador, and Venezuela.
Commenting on Madhavan’s appointment, Bacardi chairman Facundo Bacardi said, “With more than 20 years at Bacardi, in different roles in different geographies, Mahesh has a tremendous track record of success. He inherits a business that is in great shape, with a healthy balance sheet, revitalized brands, and an engaged team of employees. Mike and Mahesh have worked closely to carry out the succession smoothly, and the board is delighted with the progress they achieved.” —Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.