Diageo plc (LSE:DGE) Chief Executive Sir Dave Lewis is reportedly lining up a far-reaching reshuffle of the group’s senior leadership as part of efforts to tackle internal cultural challenges, according to sources cited by the Financial Times.
The report, referencing individuals familiar with the matter, says Lewis intends to replace several members of Diageo’s 14-strong executive committee. The move would form part of a broader transformation plan at the London-based drinks giant, which owns global brands including Johnnie Walker whisky, Captain Morgan rum and Guinness.
One source described the proposed reforms as sweeping in scope, suggesting the new CEO is considering substantial structural changes. The same individual indicated that decision-making within the company had become overly complex and that a degree of complacency had set in across parts of the organisation, which employs more than 29,000 people worldwide.
Although no formal announcements are expected at next week’s interim results, investors are said to be anticipating decisive steps as part of a wider turnaround strategy. Another person familiar with Lewis’s approach suggested that the overhaul could involve eliminating entire layers of management in an effort to streamline operations and improve accountability.
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