By John Kell
Bacardi Ltd. on Monday said the liquor company's Chief Executive
Ed Shirley intends to retire, leaving the post after just over two
years in that role.
A successor to Mr. Shirley, who also served as president of the
privately held company, hasn't yet been named and Bacardi said an
interim CEO would be announced "shortly." Until that appointment is
made, executive leaders will report to Chairman Facundo L. Bacardi,
the company said.
Mr. Shirley joined Bacardi in 2012, after previously serving as
former vice chairman in charge of Procter & Gamble Co.'s
beauty-and-grooming business. He joined P&G in 2005 with the
acquisition of Gillette, where Mr. Shirley had worked for more than
25 years.
Bacardi is a family owned company with a brand portfolio of more
than 200 brands and labels but with a focus on six core brands,
including Bacardi Rum, Dewar's Scotch whisky and Grey Goose Vodka.
The company is among the largest spirits companies in the globe,
though its sales trail market leaders Diageo PLC and Pernod Ricard
SA.
Write to John Kell at john.kell@wsj.com
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