Diageo Appoints Sir Dave Lewis as CEO

Diageo plc (LON: DGE) has announced the appointment of Sir Dave Lewis as its new Chief Executive Officer, effective January 1, 2026.

The appointment of Lewis, former Group CEO of Tesco plc and Chair of Haleon, is viewed by markets as a significant coup for Diageo.

His track record of transforming businesses, growing world-class brands, and implementing operational and financial discipline aligns with the company's ambitions for its next phase of growth. Lewis will be stepping down from his role at Haleon on December 31, 2025, to fully commit to Diageo.

The Board of Directors, led by Chair Sir John Manzoni, emphasized Lewis's extensive CEO experience and proven leadership skills in building and marketing globally recognized brands. Analysts view his experience with Unilever, in addition to Tesco, as particularly relevant, given Diageo's focus on brand building and consumer engagement.

Sir Dave Lewis stated, “Diageo is a world leading business with a portfolio of very strong brands, and I am delighted to be joining the team. The market faces some headwinds but there are also significant opportunities.

“I look forward to working with the team to face these challenges and realise some of the opportunities in a way which creates shareholder value.”

Interim CEO Nik Jhangiani will continue in his role until the end of December 2025, ensuring a smooth transition. Deirdre Mahlan will continue to support Diageo through the transition.