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Dive Brief:
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Spirits maker
Diageo named WPP CFO Joanne Wilsonto be its next finance chief, announcing a plan for her toreplace Nik Jhangiani"some time in 2027," according to a Wednesday press release. -
Jhangiani, who joined the owner of the Smirnoff, Guinness and Johnny Walker brands in 2024 as CFO, also served as interim CEO from July to December of last year. The company has undergone a series of leadership changes in the wake of the 2023
death of long-time CEO Ivan Menezesfollowing a brief illness. -
Sir Dave Lewis, the liquor giant's CEO since January, cited Wilson's CFO experience with companies undergoing change in a statement in the release, calling her a "very experienced CFO and commercial leader who will ensure we accelerate the turnaround of Diageo, having already delivered extensive transformations in her previous companies."
Dive Insight:
The London-based company's C-suite is orchestrating a turnaround focused on North America as it grapples with cost-conscious consumers and changing attitudes towards liquor consumption which have led ...