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A sign for Diageo, one of the largest spirits companies in the world, hangs in London, Britain, January 30, 2026. Hiba Kola
A sign for Diageo, one of the largest spirits companies in the world, hangs in London, Britain, January 30, 2026. Hiba Kola
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Diageo chair plans board shake-up, FT reports

July 21st, 2026 | 04:39 AM SECTORS Boards, Policy & Regulation 2

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By Reuters

Diageo's (DGE.L) chair John Manzoni is planning a shake-up of its ​board and is searching for new board directors ‌with commercial experience in the drinks or drinks distribution sectors, the Financial Times reported on Tuesday, citing three people familiar with ​the matter.

Manzoni “isn’t happy with the board he inherited,” ​the FT reported, citing one of the people.

He ⁠is also keen to hire non-executive directors who will ​be able to challenge the Johnnie Walker maker's new CEO, ​Dave Lewis, as he tries to overhaul the business, according to the newspaper.

Manzoni is keen to appoint directors whose influence and ​experience in the drinks sector can act as a ​counterweight to Lewis, FT said.

The report added that Manzoni was concerned that ‌the ⁠present board did not have enough industry knowledge “to steer him or stop him from going too far”.

Reuters could not verify the report. Diageo did not immediately respond ​to a Reuters' ​request for ⁠comment.

Lewis, nicknamed "Drastic Dave" for his aggressive cost cuts at Tesco (TSCO.L) and Unilever (ULVR.L), has set in ​motion a restructuring of the struggling spirits group, ​FT ⁠had earlier reported.

Lewis said in May that the company would start tackling weak sales in North America, its largest market, ⁠which ​he called its "biggest challenge", with steps ​including price cuts on some tequila brands such as Casamigos.

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