Diageo Appoints Lewis as CEO and Joanne Wilson as CFO
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- Developments
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- Repetition
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New informationRepeats or wire copies
What happened
Diageo has announced a leadership transition, appointing Lewis as CEO and Joanne Wilson as CFO. Wilson is reportedly moving from WPP to take on the financial leadership role at the drinks giant. Both Lewis and Wilson have prior experience working in senior leadership at the UK retailer Tesco.
From adgully.com, odwyerpr.com
Why it matters
The appointments are part of a broader corporate restructuring at Diageo, which is currently implementing a $1 billion cost-reduction program. The leadership shift occurs while Diageo is working to counter prolonged growth headwinds in key international markets.
Diageo filed Form 20-F with the SEC regarding corporate governance issues involving a director whose background included leadership roles at Tesco and PepsiCo.
From adgully.com
Who's involved
- DiageoMultinational alcoholic beverages company undergoing leadership change.
- LewisAppointed CEO of Diageo.
- Joanne WilsonAppointed CFO of Diageo, moving from WPP.
- TescoShared previous employer of both the new CEO and CFO.
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The entities involved
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Diageo
multinational alcoholic beverages company
- Diageo is offering American-Made Foreign Liquor whiskies, RBB Bancorp serves Asian-American communities, and Regencell operates a Traditional Chinese medicine company.
- Gallup survey findings reported by Reuters detail the status of publicly traded alcohol makers, including Constellation Brands and Anheuser-Busch.
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Lewis
American baseball player
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Joanne Wilson
American business executive and angel investor
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