Alert: Bacardi Names New CEO

It’s been rumored for sometime, and this morning Bacardi announced that Seamus McBride, 53, will replace Andreas Gembler, 65, as the company’s new president and chief executive officer effective September 1, 2008. McBride was elected by unanimous vote of the board of directors as part of a planned succession process, said the company.McBride comes from the Colgate-Palmolive Company, where he served as executive vice president and president, North America and worldwide commercial effectiveness. He will be based at Bacardi Limited’s