Bacardi Ltd. Appoints Outside Directors to Board; Ferran Assumes CEO Position, Rodriguez Continues as Chairman of Board.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--June 26, 2003 Ruben Rodriguez, Chairman of the Board of Bacardi Limited today announced that three outside directors have been elected to serve on the company's board of directors. The announcement was made at the company's annual general meeting of shareholders in San Juan, Puerto Rico San Juan (IPA: [saŋ hwaŋ]) (from the Spanish San Juan Bautista, "Saint John the Baptist") is the capital and largest municipality on Puerto Rico. where Javier Ferran officially assumed his duties as Chief Executive Officer of Bacardi Limited after a successful and smooth transition period. The elected outside directors are: Andreas Gembler, who served as President and Chief Executive Officer of Philip Morris International Philip Morris International, (PMI) based in Lausanne, Switzerland, held a 15.5% share of the international cigarette market in 2005. Its brands, led by Marlboro and L&M, are sold in over 160 countries around the world. until his retirement in 1999. Previously he had held the position of President, Europe/Middle East and Africa from 1990-1997. Mr. Gembler has served as Chairman of Bertolucci Watch Manufacturing in Neuchatel, Switzerland since 2001. Guy Peyrelongue, who was President and Chief Executive Officer of L'Oreal USA and Chairman of L'Oreal Canada from 1987 to 2001. He held various positions at L'Oreal from 1973-1987 including President, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Since 2002 he has been a non-executive director at Burberry Ltd. Ray Silcock is the Executive Vice President and Chief Financial Officer of Cott Corporation, Toronto since 1998. From 1997 to 1998 he was Chief Financial Officer of Delimex Holdings, Inc in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . From 1979-1997 he held various financial offices with Campbell Soup company Campbell Soup Company (NYSE: CPB) (also known as Campbell's) is a well-known American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered in Camden, New Jersey. , including Vice President Bakery and Confectionery Division. Prior to that Mr. Silcock held positions with the Franklin Mint corporation, Sunbeam Anti-Corosives Ltd, H.J. Heinz company, Quaker Oats Ltd and Beecham Foods Ltd. "These highly accomplished individuals will bring unique insight and experience to Bacardi's Board of Directors," said Rodriguez. "They are each distinguished and experienced business leaders who will offer invaluable advice and counsel. The appointments also demonstate the company's continued commitment to good corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. ." Bacardi Limited, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , produces and markets a variety of internationally-recognized spirits. Bacardi Limited's brand portfolio consists of more than 250 brands and labels, including: BACARDI rum, the world's number-one selling premium spirit; MARTINI & ROSSI vermouth vermouth (vərm  th`), blend of white wines fortified with additional alcohol and flavored with aromatic herbs, spices, and roots. It contains up to 19% alcohol. , the world leader in Vermouth; DEWAR'S scotch whisky the number-one selling blended scotch whisky in the United States; BOMBAY SAPPHIRE gin, one of the fastest growing brands in the spirits industry; CAZADORES BLUE AGAVE tequila, recently acquired and ranked fourth in global sales in its category; BACARDI BREEZER, one of the world's leading ready-to-drink products; and other leading brands.
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