Diageo plc Shake-Up: Guinness Maker’s New CEO Cuts Top Ranks as U.S. Slump Bites
Diageo is removing several senior executives, including North America chief marketing officer Ed Pilkington and Africa president Hina Nagarajan, as CEO Dave Lewis advances a turnaround plan, Bloomberg reported. The company will merge its Africa and Europe divisions, according to the Irish Times. The moves follow weak North American sales and a 28.9% drop in Diageo’s share price over the past year. Lewis will present a strategy update in August.
