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STOCK MARKETS

Diageo Executives Exit as Lewis Overhauls

Diageo CEO Dave Lewis replaces top executives after weak sales. Three senior leaders leave as part of restructuring.

Mia Lopez
ByMia Lopez- Senior Editor
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0
Diageo Executives Exit as Lewis Overhauls
Photo: Prepared by Bond.az

Bond.az reports that Diageo Plc is losing several senior executives as CEO Dave Lewis accelerates a turnaround.

Ed Pilkington, North America chief marketing and innovation officer; Hina Nagarajan, Africa president; and Chief Human Resources Officer Louise Prashad are departing, employees learned this week.

The exits follow a 9.4% decline in organic net sales in North America in Q3. Lewis said Diageo missed opportunities in the U.S., especially in ready-to-drink cocktails.

The company is combining Africa and Europe into a single unit. Lewis, a turnaround specialist, took charge in January.

He will present his full strategy for Diageo on August 6.

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