Market Chatter: Diageo CEO Dave Lewis Plans Major Changes to Senior Management

MT Newswires Live02-20

Diageo (DEO) Chief Executive Dave Lewis plans major changes to the alcoholic beverages company's top management, the Financial Times reported Friday, citing people familiar with the matter.

Lewis plans to replace several officials on the company's 14-member executive committee as part of "wholesale change" at a firm whose employees have become "fat and happy," the report said, citing a person familiar with the matter.

Diageo did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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