Effective immediately, Mahesh Madhavan is the acting ceo for Bacardi Ltd, taking over the role from outgoing chief Mike Dolan. Recall, Mahesh's appointment was announced at the beginning of 2017 [see WSD 03-06-2017], but the initial transition date was set for April 1, 2018.
Mahesh is a Bacardi veteran who has spent the last 20 years in leadership roles such as managing director for India, Thailand and the Philippines, as well as South Asia. Bacardi chairman Facundo L. Bacardi said in a statement that Mahesh is taking over a business that is " in great shape, with a healthy balance sheet, revitalized brands, and an engaged team of employees."
In addition to Mahesh's appointment, John Burke will assume the role of global chief marketing officer, taking over the global marketing responsibilities that were led by Mike Dolan. John has been with Bacardi for over 20 years, working in country operations, regional and global sales and marketing, including as the lead for core brands in the Bacardi portfolio. Most recently he was president of Incubation Brands charged with building brand equity in the fastest-growing premium brands in Bacardi's portfolio.
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