BACARDI CFO STEPS DOWN

Bacardi announced last week that Ralph Morera, currently executive VP, will resume his position as CFO effective January 1, 2008 in addition to his current executive vp post. Morera succeeds Graham Hetherington, who resigned December 31 after only eight months in the position “to pursue other opportunities.”

As you’ll recall, Hetherington replaced Morera as CFO in April. Before joining Bacardi, Hetherington served as CFO at Allied Domecq before the company was bought by Pernod and Fortune.