Joanne Wilson Appointed as Diageo's New Chief Financial Officer
Diageo has appointed Joanne Wilson as its new CFO, replacing Nik Jhangiani. Wilson brings extensive experience from her roles at WPP, Britvic (now owned by Carlsberg), and Tesco, where she held key finance positions over the years. Her appointment aligns with Diageo's strategy under CEO Sir Dave Lewis to focus on productivity and commercial discipline. Jhangiani is stepping down after nearly two years as CFO but will remain until Wilson joins in early 2027. Under Jhangiani, Diageo has implemented cost-cutting measures including a $1 billion savings plan and over 2,300 job cuts globally. Analysts at Barclays view the change positively due to Wilson's beverage industry experience and her background with consumer data. Wilson expressed enthusiasm about joining Diageo during what she described as an 'exciting point in its journey.' Her leadership is expected to play a key role in accelerating financial performance improvements, particularly within North America where significant restructuring has already taken place.
Topics: CFO appointment Diageo leadership change