PRESS RELEASE9 Nov 2012
Diageo announces appointment to executive committeeDownload file
Diageo has today announced the following changes to the executive committee which have immediate effect:
- Andrew Morgan is appointed President, New Businesses. Andrew will report to Ivan Menezes, Chief Operating Officer.
- John Kennedy is appointed President, Diageo Western Europe. John will report to Ivan Menezes.
- Nick Blazquez is appointed President, Diageo Africa, Russia & Turkey. The Managing Directors for those businesses, Galip Yorgancioglu and Stephen Morley, will report to Nick.
Paul S Walsh, Chief Executive, Diageo, said:
‘The Diageo Board and I have decided that our acquisitions will benefit from dedicated leadership of the integration process and consequently, we have appointed Andrew Morgan to the new position of President, New Businesses. In this role he will ensure that acquisition business cases are met or exceeded and that governance and compliance requirements are foremost in our implementation planning and execution. Our recent transactions in Brazil and Ethiopia, and our proposed transactions in India and South Africa will be managed under this governance model. I am delighted to have Andrew take on this critical role. He possesses immense transactional and integration experience having led, amongst other things, the integration of the Seagram acquisition in 2002. He has orchestrated the major expansion of our business in Turkey, Russia and Eastern Europe and the operating model change he instigated in Western Europe in 2011 has created a strong platform for the future of this market.
John Kennedy will now take full responsibility for all countries and functions in Western Europe. John brings a wealth of experience to his position having held senior staff and general management positions in Australia, the United States, Canada and Ireland and most recently as Chief Operating Officer, Western Europe. He will not be replaced in his current role.
Clustering our high growth markets in Africa and Europe under Nick Blazquez’s leadership will, I am sure, continue the impressive performance momentum we have in each of them.
I believe that these appointments will further align the organisation behind the achievement of our growth aspirations and medium-term performance goals.’
For further information:
Rowan Pearman: +44 (0)20 8978 4751
Lisa Crane: +44 (0)20 8978 4771
Catherine James: +44 (0)7803 854550
Angela Ryker Gallagher: +44 (0)7803 855003
Sarah Paul: +44 (0)7803 856876
Diageo is the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, beer and wine categories. These brands include Johnnie Walker, Crown Royal, JεB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Jose Cuervo, Tanqueray and Guinness.
Diageo is a global company, with its products sold in more than 180 countries around the world. The company is listed on both the New York Stock Exchange (DEO) and the London Stock Exchange (DGE). For more information about Diageo, its people and its brands, visit www.diageo.com. For Diageo’s global resource that promotes responsible drinking through the sharing of best practice tools, information and initiatives, visit www.DRINKiQ.com.
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