Diageo PLC Changes to Board of Directors (7144K)
24 April 2020 - 8:00AM
UK Regulatory
TIDMDGE
RNS Number : 7144K
Diageo PLC
24 April 2020
24 April 2020
Diageo plc announces changes to its Board of Directors
-- Diageo announces that Lord Davies of Abersoch will retire as
a Non-Executive Director on 30 June 2020.
-- Diageo announces the appointment of Sir John Manzoni as a
Non-Executive Director, effective 1 October 2020.
Lord Davies has served on Diageo plc's Board of Directors for
over nine years, having joined on 1 September 2010. During his
tenure, he has also acted as Chair of the Remuneration Committee
and as Senior Independent Director. Lord Davies' term was extended
in 2019 in order to ensure continuity of Board membership, pending
recruitment of additional Directors to the Board, and to enable the
company to benefit from his experience in British politics and
international trade relations at a time of particular uncertainty
in these two areas. Following recently announced changes to the
Board, Lord Davies and Diageo have agreed that he will retire at
the end of this fiscal year.
Diageo announces the appointment of Sir John Manzoni as a
Non-Executive Director, effective on 1 October 2020. John will also
join the Audit, Nomination and Remuneration Committees on
appointment.
John has recently stepped down from the role of Chief Executive
of the Civil Service and Permanent Secretary to the Cabinet Office
in the UK, having performed that role from 2014. John was
previously President and Chief Executive Officer of Talisman Energy
in Canada from 2007 to 2012. Before joining Talisman, John worked
for BP from 1983 to 2007 in various roles, including latterly Chief
Executive, Gas & Power and Chief Executive, Refining &
Marketing.
John, who is a graduate of Imperial College London and Stanford
University in California, has also previously served from 2004 to
2014 as a non-executive director of SAB Miller plc.
Javier Ferrán, Chairman, Diageo plc said:
"I am very grateful for the wise guidance which Mervyn has
provided to Diageo during his time as a Non-Executive Director and
as Senior Independent Director, and for his counsel to me as
incoming Chairman in 2016. The Board has benefited from his
extensive experience, both in industry and in government affairs.
He has made a valuable contribution to Board discussions, developed
good relationships across the business and made a strong
contribution to our governance and decision-making processes during
his tenure . We thank Mervyn for all he has done for Diageo over
the last 10 years.
I am very pleased that John will be joining the Diageo Board
later this year. John's commercial acumen and business knowledge,
together with his more recent experience, combined with his
previous non-executive director role in the beverage industry, will
bring unique insight and expertise to the discussions at the Diageo
Board. I look forward to John's contribution as we progress to
achieving our ambition to become one of the most trusted and
respected consumer products companies in the world. "
In accordance with Listing Rule 9.6.15, Diageo confirms that
there are no further details to be disclosed pursuant to Listing
Rule 9.6.13.
ENDS
For further information please contact:
Investor Relations: Andy Ryan
+44 (0) 7803 854 842
investor.relations@diageo.com
Media Relations: Jessica Rouleau
+44 (0) 7925 642 561
press@diageo.com
About Diageo
Diageo is a global leader in beverage alcohol with an
outstanding collection of brands across spirits and beer
categories. These brands include Johnnie Walker, Crown Royal, J B,
Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One
vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and
Guinness.
Diageo is a global company, and our products are sold in more
than 180 countries around the world. The company is listed on both
the London Stock Exchange (DGE) and the New York Stock Exchange
(DEO).
Celebrating life, every day, everywhere
Diageo plc LEI: 213800ZVIELEA55JMJ32
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END
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