Diageo to lose President of New Businesses

14th Mar 2014 09:54

Drinks giant Diageo on Friday announced that Andrew Morgan, its President of New Businesses, is set to retire from the business. Morgan will step down from the Executive Committee on June 30th 2014 and leave the company three months later, after which he will continue to build a portfolio of non-executive board positions. The group's Chief Executive, Ivan Menezes, said: "Andrew has played an instrumental part in growing Diageo over his 27 years with the company. He has spent over 12 years on our Executive Committee and has enjoyed a career of enormous breadth and contribution. "I am grateful to him for the major role he has played in extending Diageo's outstanding global reach and presence in high growth markets."NR