Mumbai, Nov. 9: Diageo today made some changes in its top management after it sealed a deal to acquire a majority stake in United Spirits.
The company made changes to its executive committee to ensure that its acquisitions yield the desired goals.
Diageo said Andrew Morgan had been appointed president (new businesses). He will report to chief operating officer Ivan Menezes. Morgan is credited with having successfully integrated the Seagram acquisition in 2002 apart from orchestrating major expansion of its business in Turkey, Russia and Eastern Europe.
The operating model change he initiated in Western Europe last year had also created a strong platform for the future of that market.
“The Diageo board and I have decided that our acquisitions will benefit from dedicated leadership of the integration process and, consequently, we have appointed Andrew Morgan to the new position. He will ensure that acquisition business cases are met or exceeded and that governance and compliance are foremost in our planning and execution. Our recent transactions in Brazil and Ethiopia, and our proposed deals in India and South Africa will be managed under this model,” Diageo CEO Paul S. Walsh said.