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Diageo (DEO) Appoints Xerox's Kathryn Mikells as New CFO

Leading U.K.-based brewer Diageo plc.DEO named Kathryn Mikells as its new Chief Financial Officer (CFO), effective Nov 9, 2015. Kathryn Mikells replaces Deirdre Mahlan who will step down from her current role as CFO.

Mikells is currently working as CFO at Xerox Corporation XRX . She has held this position since May 2013.

In her illustrious career, Kathryn Mikells has acquired vast experience in numerous financial roles, in well-known organizations, including United Airlines where she served as CFO from 2008-2010.

Mikells' rich experience is expected to help Diageo on improving productivity. His experience in working with teams in reputed companies is also expected to help Diageo in achieving its targets.

Apart from this, Diageo has been regularly introducing new products in order to boost its portfolio. Recently,Diageo introduced its latest Scotch whiskey Johnnie Walker Select Casks - Rye Cask Finish. This 10-year-old whiskey is the first in a series of limited edition wood-finished Scotch blends.

The whiskey can be enjoyed neat, on the rocks or in classic cocktails such as the Manhattan or Old Fashioned. It is bottled at 92 proof, a higher proof than the other marques in the Johnnie Walker portfolio. The whiskey retails at $45 for a 750 ml bottle and will be shelved at fine wine and spirit stores and bars across the U.S. from this month.

Such innovations are surely expected to add to the top-line, which has been pressurized due tounfavorable currency translations. Last month, Diageo stated that it expects tougher currency translations in the rest of fiscal 2016.

Zacks Rank

Currently, Diageo carries a Zacks Rank #3 (Hold). A better-ranked stock in the same sector is Castle Brands Inc. ROX , carrying a Zacks Rank #2 (Buy). Another consumer staples stocks worth considering is Primo Water Corporation PRMW sporting a Zacks Rank #1 (Strong Buy).

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XEROX CORP (XRX): Free Stock Analysis Report

DIAGEO PLC-ADR (DEO): Free Stock Analysis Report

PRIMO WATER CP (PRMW): Free Stock Analysis Report

CASTLE BRANDS (ROX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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