Diageo to appoint WPP finance chief Wilson as new CFO, Sky News reports

Sky News reported on Tuesday that WPP finance chief Joanne Wilson is set to leave the British advertising group to become Diageo’s new chief financial officer.

According to the report, Diageo was finalizing Wilson’s appointment and might announce the move as early as Wednesday.

Sky News said Wilson will take over from Nik Jhangiani, who is expected to exit the spirits company.

The appointment would reunite Wilson with Diageo CEO Dave Lewis; the two previously worked together at Tesco.

In the previous month, Diageo set out a $1 billion cost-reduction plan as it contended with a lengthy period of sluggish growth.

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