Former financial director Deirdre Mahlan is scheduled to return to the position on a provisional basis next month.
The owner of Casamigos Tequila today (July 30) appointed MAHLAN CFO interim from August 18.
Mahlan, who spent five years as a Diageo financial director in the 2010s, assumes the role in the wake of Nik Jhangiani becoming the acting CEO of the group earlier this month. Jhangiani is at the helm after the former director general of Diageo, Debra Crew, left the company “by mutual agreement” two weeks ago.
“Deirdre brings important minds and functional expertise to the role of interim financial director, supplemented by an in -depth knowledge of Diageo and his operations,” said Jhangiani in a press release.
Mahlan was CFO of Diageo from 2010 to 2015. She spent 27 years working in Guinness Brewer.
Its most recent executive role was the American wine group The Duckhorn Portfolio. She was appointed president and chief executive officer of the owner of lure in 2023 before being permanently hired eight months later.
In October of last year, the Duckhorn portfolio was sold to the American Capital-Investment Capital Butterfly Equity, who appointed the former director of the scales of Contestellation, Robert Hanson, the CEO of his new asset in January.
The crew was appointed Managing Director of Diageo in June 2023, going from the COO post. In November of the same year, Diageo issued a profit warning in the middle of the pressure on its activities in Latin America.
During the 12 months to the end of June, Diageo saw its net sales drop by 1.4% and lower organically by 0.6%. The declared operating profit increased by 8.2%, although the problems in Latin America meant that organic operating profit has decreased.
In February, Diageo, in a movement similar to other major distillers, pulled its guidance in the medium term, citing “macroeconomic and geopolitical uncertainty”. The change came next to a set of semi -annual numbers which included a 0.6% decrease in net sales, although they increased by 1% in an organic way. However, operating profit has decreased.
May has seen the manufacturer of Johnnie Walker announce that he was trying to save around $ 500 million in costs over the next three years in the context of efforts to become more “agile” and “resilients”.
Diageo said that this decision would help the company invest in “future growth” and improve its “operating lever effect”.
Jhangiani, who joined Coca-Cola Europacific Partners in September, said at the time that the group could make “substantial modifications” to its portfolio of products in the form of assets.
During the crew’s mandate, Diageo discharged assets, in particular the brands of cacique and pampero rum and safari liqueur. The group also sold assets in Africa, although last October, it would have canceled the sale of the Liqueur based on the GIN of PIMM after failing to obtain an agreement with potential buyers.
