Board Appointment

RNS Number : 6406R

Diageo PLC

26 August 2010

 



26 August 2010                               

DIAGEO ANNOUNCES APPOINTMENT TO ITS BOARD OF DIRECTORS

Diageo has announced the appointment of Lord Mervyn Davies of Abersoch to its Board effective 1 September 2010. He is to be appointed as a non-executive director and his responsibilities will include membership of the Audit, the Nomination and the Remuneration Committees.

Lord Davies was previously Minister for Trade, Investment and Small Business for the UK Government between January 2009 and May 2010. Prior to this role, Lord Davies was Chairman of Standard Chartered PLC, the financial services company with leading positions in Asia, Africa and the Middle East and for which he was also Group Chief Executive from 2001 until 2006. He was a non-executive director at Tesco PLC from 2003 to 2008.

Commenting on the appointment, Diageo Chairman Dr Franz Humer said:

"Lord Davies has experience of building leading businesses in dynamic developing markets, as well as insight into the UK's business environment. For a UK company with a global business, his perspective and expertise will be of great benefit to Diageo and I look forward to welcoming him to the Board."

ENDS

Enquiries

Diageo Investor Relations

Nick Temperley

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 Sarah Paul

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Diageo Media Relations

James Crampton

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Notes to Editors

About Lord Davies

Lord Davies of Abersoch is a partner of Corsair Capital. Previously he was Minister for Trade, Investment and Small Business from 14 January 2009 until May 2010, a joint role between the Department for Business, Innovation and Skills and the Foreign and Commonwealth Office, also with responsibility for Infrastructure UK.

Prior to this appointment, he was Chairman of Standard Chartered PLC since November 2006. He joined the Board of Standard Chartered PLC in November 1997 and was Group Chief Executive from November 2001 until 2006. He was a non-executive director at Tesco PLC from 2003-2008.

Lord Davies is the Chair of the Council of the University of Wales, Bangor and a trustee of the Royal Academy of Arts.

He was awarded a CBE for his services to the financial sector and the community in Hong Kong in June 2002.

He was born in 1952.

About Diageo 

Diageo is the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, wines, and beer categories. These brands include Johnnie Walker, Guinness, Smirnoff, J&B, Baileys, Cuervo, Tanqueray, Captain Morgan, Crown Royal, Beaulieu Vineyard and Sterling Vineyards wines. 

Diageo is a global company, with its products sold in more than 180 countries around the world. The company is listed on both the New York Stock Exchange (DEO) and the London Stock Exchange (DGE). For more information about Diageo, its people, brands, and performance, visit us at Diageo.com. For our global resource that promotes responsible drinking through the sharing of best practice tools, information and initiatives, visit DRINKiQ.com.

 

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