Who is Diageo's new CEO, and what specific cost-cutting directive has he issued to executives?

Diageo's new CEO is Dave Lewis, who has instructed executives to cut headcount and other costs as part of a restructuring effort; rather than specifying exact numbers of roles to eliminate, he has set cost-reduction targets for members of Diageo's executive committee.

What did Diageo say publicly about its operating model redesign and upcoming investor updates?

In an emailed response to Reuters, Diageo stated that in February it had shared its intention to redesign its operating model to improve competitiveness and deliver sustainable returns, and that it would update investors on progress at a Capital Markets Day on August 6.

Diageo New CEO Tells Executives to Cut Jobs and Costs, FT Reports

Jun 17, 2026

Diageo's new CEO Dave Lewis has initiated a restructuring plan to cut costs and headcount amid weak North American sales. An internal announcement regarding the scale of job losses is expected next week.

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