|
Dave Lewis, who took over as chief executive of Diageo PLC at the start of this year, is planning major changes to his executive team, the Financial Times reported on Friday. Lewis, who earned a reputation for cost-cutting as CEO of UK grocer Tesco PLC, wants to change the ‘fat and happy’ culture at brewer and distiller Diageo, the newspaper said, citing ‘two people familiar with the matter’. This will include replacing several members of the 14-person executive committee, the people told the FT. The London-based owner of Guinness stout and Johnnie Walker whisky has suffered from slow sales growth of late. Lewis joined after Diageo was without a permanent CEO for six months following the departure of Debra Crew in July. Lewis, who earned the nickname ’Drastic Dave’ while at Tesco, is planning ‘wholesale change’ at Diageo, one of the people told the FT. Diageo shares were up 3.8% at 1,849.50 pence on Friday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
