Morgan was head of Europe for Diageo

Morgan was head of Europe for Diageo

A long-standing Diageo executive is to exit the company 27 years after he joined its Guinness subsidiary.

Andrew Morgan, the company's present president for new business and former Europe head, will step down on 30 September, Diageo said earlier today (14 March). Morgan will leave the executive committee at the end of June.

CEO Ivan Menezes said: “Andrew has played an instrumental part in growing Diageo over his 27 years with the company. He has spent over 12 years on our executive committee and has enjoyed a career of enormous breadth and contribution. I am grateful to him for the major role he has played in extending Diageo’s outstanding global reach and presence in high-growth markets.”

Diageo said Morgan will continue to build a portfolio of non-executive board positions after he leaves.

Morgan joined Guinness in 1987 before it merged with Grand Metropolitan to form Diageo in 1997. He spent seven years leading Diageo's European team before being appointed to the newly-created role of president for new business in 2012.

A Diageo spokesperson told just-drinks that Morgan will not be replaced.