Andreas Gembler Retires

Seamus McBride, former president, North America of Colgate-Palmolive, is replacing Andreas Gembler as Bacardi’s new president and ceo, effective September 1. Rumors have swirled for several months that Bacardi had appointed headhunters to fine a replacement for Gembler, but it was believed Gembler would move to a senior executive role on the board. However, Bacardi announced today that Gembler will retire after leading the company in a “smooth transition” in handing over the reigns to McBride.The Scotsman quoted one analyst