Diageo has hired Sujay Wasan, the head of Procter & Gamble's oral care business in North America, to lead its Asia-Pacific operations. Wasan, who spent nearly 30 years at P&G, will oversee a division that accounts for about 20% of Diageo's global revenues. The appointment was orchestrated by former Tesco chief executive Sir Dave Lewis, who joined Diageo last year, and comes days before Sir Dave unveils a turnaround plan for the Guinness and Johnnie Walker maker. Wasan replaces John O'Keeffe, who has moved to become the head of Diageo's North America unit. The strategy update on Thursday is expected to focus on product innovation, a structural reorganisation, and a significant cost-cutting programme that will eventually entail substantial job losses.
Diageo PLCHires new Asia-Pacific head ahead of turnaround plan focusing on innovation and cost cuts.
Procter & Gamble Company
Tesco PLC