The newly installed boss of Diageo has poached a senior Procter & Gamble (P&G) executive to join his leadership team, days before he unveils a revival plan for the maker of Guinness and Johnnie Walker. <\/p>\n
Sky News has learnt that Sujay Wasan, the head of P&G’s oral care business in North America, is joining the FTSE-100 alcoholic drinks company as the head of its Asia-Pacific operations. <\/p>\n
His appointment – orchestrated by former Tesco chief executive Sir Dave Lewis, who joined Diageo last year – sees Mr Wasan replace John O’Keeffe, who has moved to become the boss of its North America unit. <\/p>\n
Mr Wasan has spent nearly 30 years at P&G, and will take charge of a division accounting for about 20% of Diageo’s global revenues. <\/p>\n
He will join Diageo at a time of sweeping change for the group, which ousted Sir Dave’s predecessor, Debra Crew, last year following a period of poor performance. <\/p>\n
On Thursday, Sir Dave will deliver his first meaningful strategy update for the group, which has a market valuation of just over \u00a336bn. <\/p>\n
His strategy overhaul is expected to focus on accelerating product innovation in faster-growing categories such as ready-to-drink ranges, alongside a reorganisation of the group’s structure and a significant cost-cutting programme which will eventually entail substantial job losses. <\/p>\n
Disposals from Diageo’s sprawling brands portfolio, or further acquisitions, are not likely to be part of this week’s announcement. <\/p>\n
In response to an enquiry from Sky News, Sir Dave said: “We’re delighted that Sujay will be joining Diageo. <\/p>\n
“He is a global leader with a proven track record of consistently delivering breakthrough business results.” <\/p>\n","protected":false},"excerpt":{"rendered":"The newly installed boss of Diageo has poached a senior Procter & Gamble (P&G) executive to join his…\n","protected":false},"author":2,"featured_media":96311,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21250],"tags":[4110,40097,23507,8028,40877],"class_list":["post-96310","post","type-post","status-publish","format-standard","has-post-thumbnail","category-diageo","tag-diageo","tag-procter-gamble","tag-sir-dave","tag-sky-news","tag-sujay-wasan"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117031356861609112","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/96310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=96310"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/96310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/96311"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=96310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=96310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=96310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}