Bacardi Limited, the world’s largest privately held spirits company, will be headed by an Indian as the organisation will appoint India-born Mahesh Madhavan as its CEO by next year.
The company announced on Monday that Madhavan, 54, who is a 20-year Bacardi veteran will take charge as the CEO from April 1, 2018. He will succeed Michael J Dolan, who is set to retire from the post on the same date.
Founded 155 years ago in Santiago de Cuba on February 4, 1862, family-owned Bacardi manufactures 200 brands of alcohol and sells in more than 160 countries. With this, Madhavan will become the second Indian to head a global liquor giant.
Mahesh Madhavan has been appointed CEO of @BACARDI, the world's largest family-run spirits company.Read more at: https://t.co/A1XH1GW9mI pic.twitter.com/LE1hoT51H3— CNBC-TV18 News (@CNBCTV18News) March 8, 2017
Here is all you need to know about the company's new CEO:
(With inputs from Bacardi Limited)
(Feature image source: Twitter| Top Shelf Direct)