GLOBAL: Diageo LatAm, Caribbean chief to step down

By | 18 April 2013

Diageos Randy Millian will retire next year

Diageo's Randy Millian will retire next year

Diageo has confirmed that the president of its Latin American & Caribbean (LAC) division is set to retire next year.

Randy Millian, who assumed the role back in 2005, will vacate the position, and quit Diageo's executive committee at the end of June. On 1 July, the MD of the firm's West Latin America & Caribbean unit, Alberto Gavazzi, will replace Millian.

When Gavazzi moves up, Millian, 59, will “take on a new non-executive role” as chairman of Diageo LAC, before retiring next year.

To read just-drinks' interview with Millian from earlier this year, click here.

Expert analysis

Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review

Diageo plc (Diageo) is one of the world's leading companies in the beverage alcohol industry. The company carries out the production and distribution of spirits, beer and wine. The key brands of the company include Johnnie Walker, Smirnoff, Captain Morgan, Baileys Original Irish Cream, J&B, Tanqueray, Guinness, Crown Royal Canadian, Beaulieu Vineyard and Sterling Vineyards, and Bushmills Irish. Diageo also has distribution rights for the Jose Cuervo tequila brands in North America and various other markets.

Sectors: Beer & cider, Emerging markets – BRIC, Spirits, Wine

Companies: Diageo

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