Bacardi's executive vice president Ralph Morera is to double-up as chief financial officer as of January 1 following the announced resignation of current CFO Graham Hetherington, who has decided to leave the company "to pursue other opportunities."

Mr. Morera had been the chief financial officer up until May this year when Mr. Hetherington, who had spent six years in the same role with rival drink's firm Allied Domecq, arrived to assume the position at the company's headquarters in Pitts Bay Road.