Beverage News

Bacardi Limited appoints new chief financial officer

October 29, 2012
/ Print / Reprints /
/ Text Size+

Bacardi Limited, Hamilton, Bermuda, announced the planned retirement of Senior Vice President and Chief Financial Officer Jacques Croisetière. Effective Dec. 3, he will be replaced by Joseph J. Schena, who will be responsible for the company’s global accounting, treasury, financial policies and reporting, as well as budgeting and forecasting. As senior vice president and chief financial officer, Schena also will serve as a member of the Bacardi Leadership Team and will report to Bacardi Limited President and Chief Executive Officer Ed Shirley. In addition, Schena will be appointed president and chief executive officer of Bacardi International Limited. He will be based at the company’s global headquarters in Hamilton, Bermuda, pending approval by the Bermuda Department of Immigration.

“[Schena] is a seasoned business leader with global financial expertise,” Shirley said in a statement. “His commitment to growing revenue, along with his analytical mindset and a passion for leading teams, will further strengthen our organization and build upon the growth plans for our iconic brands and businesses throughout the world.”

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

“I’m thrilled to join a fascinating company with such an amazing 150-year heritage,” Schena said in a statement. “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 through the end of the calendar year to ensure a smooth transition. He has worked for Bacardi since 2009, serving as the head of the global finance team. Croisetière’s nearly 40-year career has spanned manufacturing, commercial, financial and strategy roles in automotive, chemical and consumer goods industries based out of Bermuda, the United States, Europe and Canada.

“Under [Croisetière’s] leadership, Bacardi Limited strengthened its corporate and financial governance practices,” Shirley said in a statement. “He was also a key influencer, setting up significant platforms and programs to move the company forward. We thank [Croisetière] for his dedication to the company and wish him all the best in his retirement.”

 Did you enjoy this article? Click here to subscribe to Beverage Industry.  

You must login or register in order to post a comment.



Image Galleries

International Pineapple Day at Bahama Breeze

In celebration of International Pineapple Day on April 2, Bahama Breeze locations across the country invited the media and consumers to celebrate with cocktails that feature the tropical flavor of the pineapple. (Photos by Liz Parker and Jennifer Haderspeck)

10/10/13 2:00 pm EDT

Ditch the weighting agents: A cost effective solution for delivering flavors and actives

Available On Demand Learn how to reduce costs and energy use by enabling high oil load emulsions, eliminating the need for weighting agents like brominated vegetable oil (BVO).


Beverage Industry Magazine

BI April 2014 cover

2014 April

The April 2014 Beverage Industry includes a cover story on moonshine, as well as articles about CSD brands, whiskey, and more. Check it out today!

Table Of Contents Subscribe

Beverage Insider eNewsletter

Are you an Insider? Subscribe to Beverage Industry’s weekly e-newsletter to receive news headlines, new product information and magazine highlights.   

Spirits Segments

Which spirits segment will perform the best in 2014?
View Results Poll Archive


Cleaning-in-Place: Dairy, Food and Beverage Operations, 3rd Edition

This book addresses the principles of cleaning operations, water supply issues and the science of detergents and disinfectants.

More Products


Beverage Industry Webinars are an easy, effective and convenient way to get educated and informed on the latest industry trends and topics. All Webinars are FREE unless indicated. For more information, check out our Events page!


facebook40 twitter    youtubelinked