Diageo is now the largest shareholder of the Indian group

Diageo is now the largest shareholder of the Indian group

Diageo has introduced more management changes at Indian group United Spirits Ltd (USL), which it now controls. 

Paramjit Singh Gill and Amrit Thomas, who previously served as deputy presidents at United Spirits, have both been promoted. Gill has been appointed as president of sales and operations, while Thomas will step up to the role of chief marketing officer, The Times of India reported

Sources close to the companies confirmed the reports. 

The pair will work with PA Murali, who is already chief financial officer (CFO) at USL, in the top team that will be headed by CEO-designate Anand Kripalu. The appointment of Kripalu was confirmed last week

Diageo, which became the major shareholder of USL in July, is using the group as its sales agent in India. USL started handling Diageo's brands in India yesterday (October 1) and will receive a 6% fee on the sales achieved, it is understood. 

Diageo's Asia-Pacific president, Gilbert Ghostine, joined the board of USL in May. Former Diageo CEO Paul Walsh was apppointed to the Indian group's board in August

Last November, then-USL chairman, Vijay Mallya, denied he had "sold the family silver" by doing a deal with Diageo