Key facts
- Diageo has appointed Shailesh Jejurikar as its new CEO.
- Shailesh Jejurikar is an executive from Procter & Gamble.
- Diageo is the owner of Guinness.
- Diageo is preparing to unveil a turnaround plan.
- Procter & Gamble is undergoing significant restructuring.
- Procter & Gamble is implementing job cuts.
Diageo, the global spirits giant and owner of brands such as Guinness, has named Shailesh Jejurikar as its new Chief Executive Officer. Jejurikar joins Diageo from Procter & Gamble, where he served as an executive. This significant leadership transition is taking place as Diageo gears up to present its own strategic turnaround plan to stakeholders. The move also coincides with broader changes within Procter & Gamble, which has been undergoing substantial restructuring and implementing job cuts. Jejurikar's appointment signals a new direction for Diageo as it navigates its market challenges and seeks to implement its forthcoming turnaround strategy.