Market Chatter: Diageo Chair Seeks Experienced Drinks Executives for Board

MT Newswires Live07-21 18:18

Diageo (DEO) Chair Sir John Manzoni is planning a board shake-up to add drinks industry expertise as Chief Executive Dave Lewis leads the company's turnaround, the Financial Times reported Tuesday, citing people familiar with the matter.

Manzoni is seeking directors with experience in the drinks industry to strengthen board oversight as Diageo navigates weak spirits demand, the report said.

Lewis is set to unveil his turnaround strategy with the company's full-year results on Aug. 6, the report added.

Diageo did not immediately respond to MT Newswires' requests for comments.

(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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