Bacardi Ltd. Names Andreas Gembler Chief Executive Officer; Gembler Selection Brings Strong Succession to Global Spirits Company
HAMILTON, Bermuda--(BUSINESS WIRE)--May 16, 2005--Ruben Rodriguez, chairman of the board of Bacardi Limited, today announced Andreas Gembler will become the company's new president and chief executive officer effective June 1. Gembler, 62, has served on Bacardi's board of directors since June 2003.
"Andreas is a highly accomplished global business executive with a wealth of experience," said Rodriguez. "In the two years he has served on Bacardi's board he has contributed significantly to the success of the company while bringing continuous leadership."
Rodriguez added in demonstration of the company's commitment to strong corporate governance, Gembler was one of the three outside directors appointed to the board. As Chief Executive, he will remain on the board.
Gembler was elected by unanimous vote of the board of directors at a meeting May 12 at the company headquarters in Hamilton, Bermuda. Gembler served on Bacardi's Audit Committee and Compensation Committee.
"Bacardi Limited is a forward-looking company with an excellent portfolio of premium products. We will continue to drive growth organically, through acquisition and new product development," said Gembler.
Gembler has served as Chairman of Bertolucci Watch Manufacturing in Neuchatel, Switzerland, since 2001. In addition, he is a member of the board of directors of the SKYTEC group. Previously, Gembler served as president and chief executive officer of Philip Morris International until 1999. Before that, he held the position of president, Europe/Middle East and Africa from 1990-1997. He received his B.A. in business administration in Bremen, Germany.
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; MARTINI & ROSSI vermouth, the world leader in vermouth; 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, one of the fastest-growing brands in the spirits industry; CAZADORES blue agave tequila, the top selling 100 percent blue agave tequila worldwide; and other leading brands.
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