July 1, 2015 – Diageo Chief Financial Officer Deirdre Mahlan has been named as the drinks giant’s new North American president following the announcement last month that current president Larry Schwartz will retire later this year. Mahlan will relocate from the company’s London headquarters to New York once her successor is in place. She previously served as the North American unit’s CFO during a stint in New York lasting from 2002 through 2007, and moved through senior roles as the company’s head of tax and treasury issues and Deputy CFO before being promoted to her current role in 2010.
In a news release, Diageo CEO Ivan Menezes made the announcement as one in a series of organizational changes for the North American unit. “Deirdre has been an exceptional CFO and has the skills, together with experience of the market, to lead the next stage of growth in North America,” he said.