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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Diageo plc    DGE   GB0002374006

DIAGEO PLC

(DGE)
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Diageo : Announces Changes to Finance Leadership Team

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08/24/2020 | 06:49am EDT

24 AUG 2020

24 AUG 2020Press release

Press release

Diageo Announces Changes to Finance Leadership Team

Vinod Rao appointed to combined role of Group Treasurer and Head of Global Audit and Risk; Lavanya Chandrashekar appointed to combined role of CFO Diageo North America and Head of Investor Relations

Today, Diageo has announced changes to its finance leadership team. From 1 October 2020, Vinod Rao will take on the combined role of Group Treasurer and Head of Global Audit and Risk, and Lavanya Chandrashekar, Chief Financial Officer Diageo North America, will add to her existing responsibilities by taking over the leadership of Group Investor Relations. Vinod and Lavanya will begin the transition process immediately, with a formal handover at the start of October, after Diageo's AGM.

Lavanya joined Diageo in 2018, following a successful career in global and regional finance and strategy roles at Procter & Gamble and Mondelez International. Over the last two years, Lavanya has brought her significant business insights and leadership to our North America business, re-shaping our finance function to support the growth of our most important market. This additional global accountability will bring our investor relations agenda closer to Diageo's largest market, where approximately half of our investor base is located.

Kathryn Mikells, Chief Financial Officer, Diageo commented: 'I am delighted Vinod will take on the combined role of Group Treasurer and Head of Global Audit and Risk. Vinod brings a wealth of operational, market and global experience to this new role and I would like to thank him for his strong leadership of investor relations. Lavanya's presence in North America will enable us to continue to build on this platform. I wish them both every success in their new roles.'

ENDS

For further information please contact:
Investor Relations:

Vinod Rao
+44 (0) 7834 805 733

Lucinda Baker
+44 (0) 7974 375 550

investor.relations@diageo.com

About Diageo

Diageo is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, JεB, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is a global company whose 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). For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com. Visit Diageo's global responsible drinking resource, www.DRINKiQ.com, for information, initiatives and ways to share best practice.

Celebrating life, every day, everywhere.

Disclaimer

Diageo plc published this content on 24 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2020 09:49:03 UTC


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Financials
Sales 2021 11 730 M 15 178 M 15 178 M
Net income 2021 2 586 M 3 346 M 3 346 M
Net Debt 2021 13 192 M 17 070 M 17 070 M
P/E ratio 2021 22,6x
Yield 2021 2,80%
Capitalization 57 902 M 74 726 M 74 924 M
EV / Sales 2021 6,06x
EV / Sales 2022 5,68x
Nbr of Employees 27 788
Free-Float 90,8%
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Technical analysis trends DIAGEO PLC
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TrendsNeutralNeutralNeutral
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 26
Average target price 2 893,26 GBX
Last Close Price 2 499,00 GBX
Spread / Highest target 46,1%
Spread / Average Target 15,8%
Spread / Lowest Target -14,0%
EPS Revisions
Managers
NameTitle
Ivan M. Menezes Chief Executive Officer & Executive Director
Javier Ferrán Larraz Chairman
Kathryn A. Mikells Chief Financial Officer & Executive Director
Alan James Harris Stewart Independent Non-Executive Director
Nicola S. Mendelsohn Independent Non-Executive Director
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