BRIEF-Diageo CEO Declines To Disclose Number Of Jobs Affected By Restructuring - Media Call
DEO•Diageo CEO comments on restructuring and outlook
Aug. 6 (Reuters) - Diageo CEO Dave Lewis said:
- We are not thinking about M&A - capital markets day media call.
- Our turnaround does not include M&A.
- Diageo CEO declines to disclose number of jobs affected by restructuring.
- Medium-term guidance is driven by weak North America.
- Expect North America market to stay negative next year, take 2 years to return to flat, and then grow.
- We invested in supply chain capacity for growth that did not materialise, so we are right-sizing.
- We have not done a good job with big brands like Captain Morgan in North America.
- Quality of our Scotch whiskey RTDs has been disappointing.
- Big changes are in our global, centralised business services.
