Diageo has announced that Kathryn Mikells will step down as its group Chief Financial Officer at the end of June after six years in the role to return to the US.
She will be replaced by Lavanya Chandrashekar, who is currently CFO of the drink giant’s North American operations.
Chandrashekar joined Diageo in July 2018 having previously held senior finance roles at Mondelēz International and Procter & Gamble.
Ivan Menezes, Chief Executive of Diageo, commented: “I am immensely grateful for the leadership role Kathy has played in making Diageo a consistent top-tier performer. She has made a significant contribution to Diageo’s improved performance trajectory, including her leadership of a substantial global productivity programme and her critical role in active management of our brand portfolio through our acquisition and disposal activities.”
He added: “I am delighted that Lavanya will take up the role of Chief Financial Officer. She brings a breadth of international experience, has an exceptional grasp of consumer products value creation and world-class experience of effective cost management.”
