Larry Schwartz, President Diageo North America, to retire at the end of 2015

Diageo has announced that Larry Schwartz, President Diageo North America, who has just celebrated 40 years in the drinks industry, will retire by the end of the calendar year.

Mr. Schwartz’s successor will be the subject of a further announcement in due course.

Mr. Schwartz said, “I am proud to be a bartender’s son and grandson, and am so privileged to have enjoyed 40 years in an industry I love. Working with Diageo’s brands and people has been the highlight of a career that has brought me much joy. It has been an honour to work alongside Ivan and all my colleagues in Diageo over these past 15 years.”

Mr. Schwartz will support the new President Diageo North America until his retirement

Ivan Menezes, Chief Executive, said, “Today is an opportunity to recognise Larry’s achievements and thank him for his commitment and dedication to Diageo. Through his strong relationships across the industry and within Diageo and his passion for our business and our brands he has helped build Diageo’s leadership position in our largest market.

“The Board and I will announce Larry’s successor in due course. This is a strong business and until he retires Larry will support the new leader of our North American business as they implement the changes needed to deliver improving performance.”