Bacardi names Mahesh Madhavan as CEOBy Nicola Carruthers
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 Madhavan 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.
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.