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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."
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April 16, 2015
09:11 EDTDEODiageo reports Q3 sales down 0.7%
Diageo reports that in the nine months ended March 31, net sales declined 0.3% on an organic basis and were down 0.7% in the quarter, with volume down 1.7% in the nine month period and 0.8% in the quarter. In the nine month period reported net sales grew 4.6%. Acquisitions, principally United Spirits Limited, contributed GBP700M, partially offset by an adverse impact of currency movements of GBP298M and a reduction of GBP28M due to disposals. CEO Ivan Menezes commented: "Our performance in the quarter reflects continued tough conditions in the emerging markets and subdued consumer demand in some developed markets. However it also reflects the actions we have taken to ensure we are building a stronger business. Of key importance is that depletions continue to outpace shipments as we embed our sell out culture."

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