INDIA: Former Diageo CEO joins United Spirits' board
Paul Walsh joins the group's board today
In a filing to the Bombay Stock Exchange, the Indian company, now controlled by Diageo, said that Paul Walsh joins its board as an “additional” director with effect from today (19 August). A Diageo spokesperson confirmed that the role would be in a non-executive capacity.
Vikram Mehta, the former chairman of Shell India, has also been appointed as an “independent” director of United Spirits, the company said.
Diageo became the biggest shareholder in United Spirits last month when it completed a share purchase agreement with UB Group.
Walsh, who stepped down as Diageo CEO in June, is remaining as an adviser to the UK-based firm's new boss, Ivan Menezes, for a year. Walsh will join catering firm Compass as non-exec chairman from February.
Aside from his United Spirits role, Walsh will remain involved with Diageo in a GBP80,000 per year role promoting its Scotch whisky interests, it was revealed last week. He is a council member of the Scotch Whisky Association, having previously been chairman of the trade body.
Following a flurry of activity in the Tequila sector last month, has Diageo finally returned to the point it had previously reached when it handled Jose Cuervo? Richard Woodard compares then to now....
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
India’s largest spirits producer, UB Group’s United Spirits, came under the control of global leader, Diageo, in 2013. The profile analyses the most promising ways forward for United Spirits’ strong d...
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...
The flavoured vodka category has been a growth engine of the spirits sector for some time, but new research from just-drinks suggests that the sub-category no longer represents the easy route to growt...
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...
- Interview - Bacardi global marketing boss, whisky
- Has Coca-Cola Jumped From Frying Pan to Fire?
- Constellation grapples with glass as reality bites
- Coca-Cola can unleash Monster with energy plunge
- just The Preview - Carlsberg's Q2 & H1
- Diageo doubles intake for spirits start-ups scheme
- Diageo appoints head for Asia marketing unit
- Second senior exec to depart Bacardi
- Bacardi sees North America president step down
- Constellation recalls Corona over glass threat