0920 GMT - Dave Lewis' appointment as CEO of Diageo was unexpected, but nonetheless a good move, RBC analysts James Edwardes Jones and Wassachon Udomsilpa write in a note. Lewis was named as chief executive not just because the board thinks he can accelerate sales growth and bring new efficiencies, but also because he might be able to catalyze cultural change, the analysts say. Lewis was group CEO at Tesco from 2014 to 2020, and spent almost three decades at Unilever prior. He is also chair of Haleon and will step down from this role on Dec. 31, Diageo said. Shares are up 6.3% at 1,835 pence, but down 28% this year to date.(aimee.look@wsj.com)

(END) Dow Jones Newswires

November 10, 2025 04:20 ET (09:20 GMT)

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