Australia MD latest executive to quit Diageo
Diageo has seen two senior executives confirm their intentions this week to quit the company
Diageo has confirmed the pending departure of the MD of its Australian operations.
Tim Salt, who moved up to the role in 2008, is set to leave the company at the end of this month. Although it is not immediately clear where he is moving to, Salt said today that he intends to "pursue new opportunities".
"Tim joined our Australia business at a time when the industry was particularly challenged with the introduction of the RTD tax and decreasing volumes, alongside a volatile external environment," said Sam Fisher, Diageo's president for Greater China & Asia. ""Tim has developed and built a team of strong … leaders, … and he leaves the Australia business in great hands."
Salt added: ""The time has come for me to pursue new opportunities and for others to bring a new perspective and energy to take the Diageo Australia business to the next level."
just-drinks understands that Diageo is in the process of finding a successor.
Earlier this week, Larry Schwartz, head of North American operations, announced his intention to retire at the end of this year.
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