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| Mahesh Madhaven and Mike Dolan |
Mahesh Madhavan
has officially taken over from Mike Dolan as CEO of Bacardi, at the same time
as announcing changes to the senior leadership team. As announced in March, Bacardi’s current
Asia, Middle East and Africa president Madhaven will take over from Dolan as
chief executive, effective immediately.
As part of his leadership succession plan,
Madhavan has announced two internal appointments. John Burke has been promoted
to the role of global chief marketing officer and Ignacio del Valle as regional
president of the Latin America & Caribbean region. Burke and del Valle serve as members of the
Bacardi Global Leadership Team and report directly to Madhavan.
Burke has spent
more than two decades in various leadership roles within Bacardi. Burke will
provide leadership and strategic direction for Bacardi’s global marketing
organisation. He has had diverse experience working in country operations,
regional and global sales and marketing.
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| Mahesh Madhaven |
Del Valle is
responsible for leading commercial operations in the region for the company’s
portfolio of premium spirits. For more than 15 years he has served on the
regional leadership team in commercial and production roles. Del Valle succeeds
Constantino Spas who has decided to pursue opportunities outside of the
company.
“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,” said Facundo L. Bacardi, chairman of Bacardi Limited. Madhavan will be based in the company’s
global headquarters in Bermuda.
