Board Appointments At Diageo.LONDON--(BUSINESS WIRE)--Oct. 7, 1999-- Diageo (NYSE NYSE See: New York Stock Exchange : DEO DEO Deodorant DEO Diversification de l'Economie de l'Ouest Canada (Western Economic Diversification Canada) DEO Diversification de l'Économie de l'Ouest Canada (Western Economic Diversification Canada) ), the international food and drinks company, today announces that Lord Blyth of Rowington will succeed Sir Anthony Greener as Chairman of Diageo, following Sir Anthony's retirement from Diageo on June 30, 2000. This will be a non-executive appointment. Diageo also announces the appointment of Paul Walsh Paul Anthony Walsh (born 1 October 1962 in Plumstead, London) was a diminutive and pacy centre forward who shot to fame in the 1980s after joining Liverpool. Playing career Charlton Athletic , currently CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Pillsbury Company  Pillsbury is a brand name used by Minneapolis-based General Mills and the The J. M. Smucker Company. as Chief Operating Officer Chief Operating Officer (COO)The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Diageo, effective January 1, 2000. He will succeed John McGrath John McGrath could refer to:
John Lilly, currently President, Pillsbury North America, will succeed Paul Walsh as CEO of The Pillsbury Company on January 1, 2000. He will also be appointed to the Executive Committee of Diageo on this date. Commenting on these appointments, Chairman, Sir Anthony Greener said: "I am delighted to make these announcements. They ensure the seamless succession at Diageo which John McGrath and I have consistently been determined to achieve. James Blyth's experience at Boots, both of marketing, and `managing for value', and his experience with government, are excellent qualifications for the next Chairman of Diageo. The appointment of Paul Walsh as COO on January 1, 2000, in preparation for being CEO on January 1, 2001, is part of the succession process. Paul has an outstanding track record of general management, and after his seven very successful years as CEO of Pillsbury he is well equipped, at the age of 44, to lead the next generation of management at Diageo. Paul will spend the early part of the year 2000 deepening his understanding of our other businesses, leading the annual strategy round, and leading a number of new programs and initiatives, while John McGrath will continue to run the business as CEO. In the second half of 2000, Paul will progressively take over overall management from John. John Lilly, who joined Pillsbury in 1998 after a successful career with Procter & Gamble, has a strong background in marketing and general management and has the skills and experience to succeed Paul Walsh as CEO at Pillsbury". Note to editors: Lord Blyth has been Chairman of The Boots Company since 1998 and Chief Executive since 1987. Prior to that he has been Group Chief Executive of the Plessey Company and Head of Defense Sales at the Ministry of Defense. He is a non-executive director of NatWest group and Anixter Inc. He is 59. Paul Walsh has been Chief Executive of Pillsbury since January 1992, and a Director of GrandMet and then Diageo since 1995. Paul joined GrandMet in 1982 on the finance side of Watney Mann and Truman Brewers. He has held general management positions for 11 years and he is a Director of FDX See full-duplex. fdx - full-duplex Corporation, parent company of Federal Express Company, and Ceridian Corporation. John Lilly joined Pillsbury in July 1998 as President, Pillsbury North America. Prior to that he held a number of senior appointments at Procter & Gamble, latterly as a Regional Vice President in P&G's Europe, Middle East, Africa and General Export Region. John joined Procter & Gamble in 1976 and worked in most of their food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. businesses. He is 46. Diageo is a multinational branded food and drinks company that operates in more than 200 countries through four businesses - UDV, Pillsbury, Guinness and Burger King. Diageo ADRs, equivalent to four Diageo shares, trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol DEO. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion