CCEP finance chief to join Diageo [Yahoo! Finance]
Diageo plc (DEO)
US:NYSE Investor Relations:
diageo.com/en/investors
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Source: Yahoo! Finance
Jhangiani will move into the new role "later this year", according to a statement released today (3 May), staying on at CCEP until a suitable successor is found. He had been working at CCEP as CFO since 2012, according to LinkedIn. It comes as the Guinness owner grapples with a weak start to its 2024 financial year. In the six months ending 31 December 2023, the Johnnie Walker owner's net sales slumped 1.4% on a reported basis and 0.6% organically on the year prior, to $10.96bn. The Don Julio Tequila maker issued a profit warning last November, predicting a dip in underlying and organic operating profits in the first half of its financial year due to pressures on its Latin America business. CCEP is to announce Jhangiani's replacement "in the near future", having already completed "a thorough search", it said. Jhangiani will replace Lavanya Chandrashekar, who had been in the position at the Smirnoff producer since July 2021. Commenting on Jhangiani's exit, Damian Gammell
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