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Monday, July 6, 2009
Bacardi plucks new CFO from Rohm & Haas' executive ranks

The former chief financial officer of Rohm & Haas Co. has been hired as CFO of Bacardi Ltd. , the privately held maker of rum and other liquor.

Jacques Croisetiere, 55, will join the Bermuda-based company Aug. 3. He succeeds Ralph Morera, who is retiring.

Croisetiere had been at Philadelphia's Rohm & Haas for 10 years, serving as CFO since 2003. He was one of three executives that formed the "Chairman's Committee" at the specialty chemical maker, which was acquired earlier this year by Dow Chemical Co.

(The others on that committee were former Rohm & Haas CEO Raj Gupta and Pierre R. Brondeau, who is currently president and CEO of Dow's Advanced Materials Division, which consists mostly of the Rohm & Haas operations.)

Bacardi said that Croisetiere's appointment will become effective at its July 9th annual general meeting.

And yes, this means that Croisetiere will be based in Bacardi's headquarters in Hamilton, Bermuda. Think he'll miss Philadelphia winters?

 

 

Posted by Mike Armstrong @ 12:37 PM  Permalink | File Under: Consumer Products | | Manufacturing | | People | 1 comment
Comments   
Posted 01:41 PM, 07/06/2009
Digifant
tough break for Croisetiere
1 comments
About Mike Armstrong
Mike Armstrong, a business editor and writer for nearly two decades, is the Inquirer's business columnist and PhillyInc blog editor.
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