Bacardi Limited today announced Graham C. Hetherington has been
named Chief Financial Officer. Mr. Hetherington, 48, succeeds Ralph
Morera, 62, as of May 1, 2007 and will be based in Bacardi's global
headquarters in Hamilton, Bermuda.
"We are delighted to have Graham join the top management team of
Bacardi Limited," said Andreas Gembler, CEO and President of Bacardi
Limited. "Graham's exceptional global experience as a senior financial
executive, coupled with a wealth of experience in developing robust
financial systems and strong management teams, will allow him to build
upon the achievements of Ralph Morera. Graham's knowledge and
experience in business development and acquisitions in our industry
will allow Bacardi to achieve even greater success in the dynamic
Premium and Super Premium Spirits business in the future."
Mr. Hetherington joins Bacardi from Allied Domecq PLC where he
served as Chief Financial Officer for six years, up until that company
was acquired in 2005. In a career spanning 14 years with Allied
Domecq, he assumed positions of increasing responsibilities in all
sectors of their business including Lyons Bakeries Group and Allied
Domecq Spirits & Wines, globally and in the United States. Mr.
Hetherington is also a Chartered Management Accountant.
As part of an orderly succession process, Mr. Morera will become
Executive Vice President reporting to Andreas Gembler with
responsibility outside of Finance in matters of interest and
importance to Bacardi Limited.
Bacardi Limited is the largest privately held spirits company in
the world and produces and markets a variety of internationally
recognized spirits. Bacardi Limited's brand portfolio consists of more
than 250 brands and labels, including: BACARDI rum, the world's
number-one selling rum; GREY GOOSE vodka, the world leader in ultra
premium vodka; DEWAR'S scotch whisky, the number-one selling blended
scotch whisky in the United States; BOMBAY SAPPHIRE gin, the top
selling ultra premium gin in the United States and one of the
fastest-growing brands in the spirits industry; CAZADORES blue agave
tequila, the top selling 100 percent blue agave tequila worldwide;
MARTINI & ROSSI vermouth, the world leader in vermouth; and other
leading brands.
Both appointments will be effective at the Annual General Meeting
of Bacardi Limited Shareholders in July 2007.
