Bacardi announces appointment of new CFO

Bacardi Limited has announced the appointment of a new senior vice president and chief financial officer after confirming that Jacques Croisetière, is retiring.

Bacardi Limited announced that Joseph Schena will take over as CFO

Croisetière, 58, has served as the head of Bacardi’s global finance team since 2009 and will carry on through to the end of the calendar year to ensure a smooth transition.

Croisetière will be replaced by Joseph Schena, who will become responsible for Bacardi’s global accounting, treasury, financial policies and reporting, as well as budgeting and forecasting.

As well as taking on the role of senior vice president and CFO, Schena join the Bacardi leadership team and become President and CEO of Bacardi International Limited.

Bacardi president and CEO, Ed Shirley said: “Joe is a seasoned business leader with global financial expertise. His commitment to growing revenue, along with his analytical mindset and a passion for leading teams, will further strengthen our organization and build upon the growth plans for our iconic brands and businesses throughout the world.

He added: “Under Jacques leadership, Bacardi Limited strengthened its corporate and financial governance practices, he was also a key influencer, setting up significant platforms and programs to move the company forward.

“We thank Jacques for his dedication to the company and wish him all the best in his retirement.”

Schena was delighted with his appointment, he said: “I’m thrilled to join a fascinating company with such an amazing 150-year heritage.

“I look forward to growing the business and generating results as I believe strong analytical rigor, financial discipline and solid investments can have an immediate impact on the organisation. I look at the finance department as the glue that brings all the other functions together to help a dynamic company like Bacardi succeed.”