Diageo's CFO Departure Isn't a Surprise

Dow Jones
09/23

0732 GMT - Diageo's CFO departure doesn't come as a surprise, because Nik Jhangiani was considered for the CEO position prior to Dave Lewis' appointment, analysts at J.P. Morgan say in a note. Jhangiani is leaving the business better positioned, with stronger market communication and credibility, the analysts say. Incoming CFO Joanne Wilson comes with a strong background in transformation, they add. Shares are down 0.8% at 1,626 pence.

 

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