The board of directors of Hamilton, Bermuda-based Bacardi Ltd. announced the appointment of Michael J. Dolan as interim chief executive officer, effective immediately. Dolan has been a member of the board of Bacardi Ltd. since 2009.
Dolan most recently served as chairman and chief executive officer of IMG Worldwide, a global sports, fashion and media business, and prior to that was executive vice president and chief financial officer of mass media company Viacom Inc. He also previously served as chairman and chief executive officer of Young & Rubicam, a global marketing services company.
“We are fortunate to have Mike take on [chief executive officer] 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 Chairman Facundo L. Bacardi in a statement.
Dolan’s principal office will be at the company headquarters, subject to Bermuda Department of Immigration approvals.
Dolan’s appointment comes roughly a month after Ed Shirley, former president and chief executive officer, announced his retirement.