UK: AG Barr poaches Diageo exec to be finance director
Lorimer will stay at Diageo for a handover period
Stuart Lorimer, who has spent 22 years at Diageo, will take over as Barr's FD after a handover period, Barr said today. He will replace Alex Short, who is leaving to join Scotch whisky firm Edrington at the end of the month.
Lorimer is currently finance director of Diageo's global supply unit, and previously “held a wide range of senior financial roles across marketing, commercial and corporate” in the company, Barr said.
Roger White, Barr's CEO, said: “Alex leaves the business shortly with our very best wishes to take up his new role at the Edrington Group. We are delighted to announce the appointment of Stuart Lorimer, who is an outstanding finance professional. We very much look forward to him joining the business.”
In a statement to just-drinks, Diageo said: "Stuart Lorimer has made a great contribution throughout his time with the Diageo business, particularly leading the finance function for our manufacturing operations. We wish him the very best for the future.”
Yesterday, Diageo reported a lift in full-year net profits on flat sales and dipping volumes. Here just-drinks takes a look at the performance of the group's brands:...
Earlier today, Diageo reported a lift in full-year net profits on flat sales and dipping volumes. Here just-drinks takes a look at the figures for each of the group's regions:...
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