UK: Diageo's Walsh confirmed as new Compass chairman
Walsh leaves Diageo next month after 13 years as CEO
Outgoing Diageo CEO Paul Walsh will join catering group Compass as chairman from next year, it has been confirmed.
Following press reports last weekend, Compass annnounced today (20 June) that Walsh will replace Sir Roy Gardner in the non-executive role from 6 February. Walsh will become a non-executive director of the firm on 1 Janaury.
For Diageo, Walsh, who has been CEO for the last 13 years, will officially hand over the reins to his replacement Ivan Menezes on 1 July. However, he will spend a year assisting with the transition, Diageo has said.
Walsh also holds non-exec director posts at FedEx, Unilever and Avanti Communications Group.
Sir Ian Robinson, senior independent director of Compass, said: "His experience leading one of the UK's largest international companies through a period of significant global expansion makes him an excellent choice, and we look forward to his valuable contribution to the business."
Walsh said: "I'm delighted to have this exciting opportunity at such a world class company. I look forward to working with Richard Cousins and my new colleagues on the board and to making a significant contribution to the business."
Since the great recession of 2008/2009 Diageo has transformed itself, primarily through acquisition, from being overly focused on mature markets to a more balanced geographic split and if, as seems li...
After a lively year for our industry, Stuart Whitwell from Intangible Business takes a look at what the next 12 months could have in store for the beer and spirits categories....
The world’s leading spirits producer, Diageo also ranks 23rd in the global wine market. This profile analyses the role of wine in the company’s wide-ranging alcoholic drinks operations, considering op...
Beer in Ireland industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2008-12, and forecast to 2017). The profile a...
Beer in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2008-12, and forecast to 2017). The profi...
- Comment - Another One Bites Bacardi's Dust
- The End of the Road for International Beer Brands?
- just The Preview - Pernod Ricard's Q4 & FY
- Pernod Ricard's FY Performance by Region, Brand
- Comment - Hybrid Spirits: Innovation or Laziness?
- Mast-Jägermeister targets UK off-trade boost
- Pernod bemoans tough FY as sales, profits drop
- Bacardi announces CFO switch
- SABMiller exec to become CFO at Beam Suntory
- Brown-Forman unveils Jack Daniel's UK push