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News Breaks
March 28, 2014
06:15 EDTDEODiageo shakes up executive team
Ivan Menezes, CEO, announced: "Over the last few years the scale and shape of our business in Asia Pacific has transformed, primarily by the acquisitions we have made in India and Greater China. These markets are key growth engines for Diageo, and Gilbert Ghostine will now focus on the development of our position in India and China, a position which he orchestrated as he led the expansion of our business in Asia Pacific. I have also asked Gilbert to take on the newly created role of Chief Corporate Development Officer, responsible for Business Development. In addition he will be responsible for our relationship with MoŽt Hennessy and will join me on the MoŽt Hennessy/Diageo Joint Committee. Gilbertís title will be President, Diageo India and Greater China, and Chief Corporate Development. My second change is to reconfigure the leadership of our emerging markets outside Latin America and Caribbean and Nick Blazquez is appointed President, Diageo Africa, Eurasia and Pacific. I have decided that our Global Supply and Procurement function will report to Deirdre Mahlan, CFO. David Gosnell, President Global Supply and Procurement, is retiring from the Diageo Executive Committee at the end of this financial year and David Cutter, currently International Supply Centre Director, is appointed President Global Supply and Procurement and will join the Executive Committee reporting to Deirdre."
News For DEO From The Last 14 Days
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September 19, 2014
13:50 EDTDEODiageo announces licensing agreement with The Explorers Club, settles litigaiton
The Explorers Club and Diageo announced a global sponsorship and licensing agreement and the settlement of all outstanding litigation between the two organizations. Under the agreement, Diageo's Johnnie Walker has become a corporate sponsor of The Explorers Club, the historic world center for exploration headquartered in New York City. The Explorers Club and Johnnie Walker will also work together to promote exploration and discovery, the core of The Explorers Club's mission. Terms of the agreement were not released.
September 18, 2014
10:34 EDTDEOHigh option volume stocks
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08:59 EDTDEOOn The Fly: Pre-market Movers
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07:34 EDTDEOSodaStream rumored as target for SABMiller, Diageo, Independent says
Rumors haver circulated among U.K. traders that soda machine maker SodaStream (SODA) could be targeted for a takeover by beverage makers SABMiller (SBMRY) and Diageo (DEO) or private equity group KKR (KKR), according to The Independent. Reference Link
06:18 EDTDEODiageo investors express displeasure over 'excessive' rewards, Daily Mail says
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