The Board of Directors of Bacardi Limited, the largest privately held spirits company in the world, announced the appointment of Michael J. Dolan as Interim Chief Executive Officer (CEO), effective immediately. Mr. Dolan has been a member of the Board of Bacardi Limited since 2009.
Mr. Dolan most recently served as Chairman and CEO of IMG Worldwide, a global leader in sports, fashion and media. Mr. Dolan joined IMG in 2010 as Executive Vice President and Chief Financial Officer. Previously, Mr. Dolan was Executive Vice President and Chief Financial Officer of Viacom, Inc. and prior to that was Chairman and CEO of Young & Rubicam (Y&R), the global marketing services company.
“We are fortunate to have Mike take on CEO duties as he has an exceptional global business track record, understands powerful brands and knows our Company very well as a result of his service on our Board,” said Facundo L. Bacardi, Chairman.
Mr. Dolan’s principal office will be at the Company headquarters in Hamilton, Bermuda, subject to Bermuda Department of Immigration approvals.