Bacardi appoints new CFO

29 October, 2012

Bacardi Limited has announced the retirement of senior vice president and chief financial officer Jacques Croisetière, 58. He will be replaced by Joseph J. Schena, 54.


As senior vice president and CFO, Schena will also serve as a member of the Bacardi Leadership Team and report to Bacardi Limited president and chief executive officer Ed Shirley. In addition Schena is to be appointed President and CEO of Bacardi International Limited. He will join the company on December 3 and will be based in the global headquarters in Hamilton, Bermuda; pending approval by the Bermuda Department of Immigration.

Schena most recently served as partner for private equity firm Centerview Capital, focusing on the financial operations of the firm’s portfolio companies since 2007. He is currently chairman of portfolio company Richelieu Foods. He also worked as CFO for Gillette.

Schena said: “I look forward to growing the business and generating results as I believe strong analytical rigor, financial discipline and solid investments can have an immediate impact on the organization. I look at the finance department as the glue that brings all the other functions together to help a dynamic company like Bacardi succeed.”

As part of his planned retirement, Croisetière will continue with the company until the end of the calendar year. He has been with Bacardi since 2009 serving as the head of the global finance team. 

Keywords: bacardi limited

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