Bacardi CEO Mahesh Madhavan joins Capri board
The chief executive of Bermudian-based Bacardi Limited has been appointed to the board of directors of Capri Holdings Limited, the global fashion luxury group consisting of the brands Versace, Jimmy Choo and Michael Kors.
Mahesh Madhavan will join the company’s compensation and talent committee as well as the governance, nominating and corporate social responsibility committee.
He has worked at Bacardi for more than 25 years, becoming CEO in 2017.
“Mahesh’s tremendous global experience leading and growing a consumer goods company with an extensive portfolio of brands and labels will bring a fresh perspective to our board,” said John D. Idol, chairman and chief executive officer of Capri.
“The board and I believe that his operating expertise and deep understanding of international markets will be instrumental as we continue to focus on driving growth and delivering value for our shareholders. We look forward to his contributions and are delighted to have him join our board.”
Mr Madhavan said: “It is an incredible privilege to join Capri Holdings’ board of directors.
“Capri Holdings is comprised of three iconic brands, and I am proud to be a part of the group’s continued success. I look forward to working with the board to help Capri continue to execute on their growth strategy globally.”