Spirits giant Diageo taps former Tesco chief Dave Lewis for CEO role

Core Insights - Diageo has appointed Dave Lewis, the former CEO of Tesco, as its new CEO, concluding a lengthy search for leadership [1] - The decision to hire an outsider reflects Diageo's strategy to navigate through a challenging period in the spirits industry [1] Company Summary - The appointment of Dave Lewis is seen as a significant move for Diageo, the world's largest spirits maker, indicating a shift in leadership approach [1] - Lewis's experience in retail management is expected to bring fresh perspectives to Diageo's operations and strategic direction [1] Industry Context - The spirits industry is currently facing challenges, and Diageo's leadership change aims to address these difficulties effectively [1] - The move to appoint an outsider suggests a need for innovative strategies to enhance competitiveness in a dynamic market [1]