Guinness owner Diageo is on the hunt for a new chairman to succeed Javier Ferran, as it attempts to reverse a slowdown in sales.
It is understood that the drinks giant has hired search firm Russell Reynolds Associates to find a successor for Ferran who’s tenure is due to end in October 2025, Sky News reported.
Ferran has held the position since 2017.
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It comes as Diageo has suffered a turbulent few months leading to the drinks giant issuing a profit warning in November and rumours that it is seeking to sell it’s beer brands as profit hit a three-year low.
Last week, the Guinness owner announced it was set to cease direct supply to wholesalers not meeting its minimum order criteria.
Grocery Gazette has reached out to Diageo for comment.
