Tag: Diageo

  • Lagos, Diageo to train 500 youths

    Lagos, Diageo to train 500 youths

    …sign MoU on learning for life programme

    No fewer than 500 young Nigerians are set to benefit from free skill acquisition under the newly launched Learning for Life programme, a partnership between Diageo Nigeria and the Lagos State Government.

    The initiative, aimed at tackling youth unemployment, was formally sealed with a Memorandum of Understanding (MoU) signed by Diageo Nigeria’s Managing Director, Bayo Ali, and Director of Programmes at the Lagos State Employment Trust Fund (LSETF), Oyindamola Egbeyemi.

    Commissioner for Wealth Creation, Akinyemi Ajigbotafe, who represented Governor Babajide Sanwo-Olu at the event, applauded Diageo for the programme and reiterated the government’s full support. 

    He announced that the number of beneficiaries had been increased from 250 to 500.

    The Learning for Life programme offers free classroom training, internships, and job placement support in the hospitality industry. 

    Participants will be trained in hospitality business, bar and service skills, communication, teamwork, budgeting, CV writing, and job readiness. 

    The curriculum also includes critical topics such as gender and disability inclusion, responsible alcohol consumption, and workplace harassment prevention.

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    The training includes a one-week classroom session, followed by an 11-week internship at top hospitality establishments, alongside access to Diageo’s Bar Academy online learning platform. Participants will receive stipends for feeding and transport, as well as mentorship and potential employment opportunities.

    The programme is open to unemployed or disadvantaged Nigerian youths aged 18 to 27, especially those based in Lagos or willing to relocate. It prioritises applications from women and persons with disabilities.

    Graduates can pursue careers as bartenders, hotel front-desk staff, restaurant hosts, event supervisors, or start their own hospitality ventures.

    The programme is supported by Celebr-8 Lyfe and various stakeholders including government ministries, NGOs, and academic institutions such as UNILAG, LASU, and YABATECH.

  • Women at Diageo redefining leadership

    Women at Diageo redefining leadership

    At Diageo, leadership is not just about titles it’s about impact, innovation, and inclusivity. As a global leader in the beverage industry, Diageo has long championed gender diversity, ensuring that women have a strong voice at every level of the organisation.

    Through strategic policies, mentorship programs, and an unwavering commitment to equity, the company continues to create an environment where women thrive and lead with confidence.

    Today, we spotlight four exceptional women whose leadership is shaping the future of Diageo. Their journeys reflect resilience, vision, and the power of inclusive leadership. From driving business growth to fostering workplace excellence, these trailblazers exemplify Diageo’s commitment to empowering women and setting new standards for leadership in the industry.

    Meet the women who are raising the bar. Diageo appoints Aridegbe Ogundipe-Alatise as Head of Revenue Growth Management for West and Central Africa.

    Diageo, a global leader in premium beverages, has named Aridegbe Ogundipe-Alatise as Head of Revenue Growth Management (RGM) for West and Central Africa. This appointment underscores Diageo’s commitment to financial excellence, commercial innovation, and gender inclusion in leadership.

    With over 15 years of experience in financial strategy, revenue management, and business transformation, Aridegbe has built a reputation for driving data-driven insights that enhance profitability and commercial decision-making. She has played a crucial role in shaping Diageo’s pricing and investment strategies.

    During her tenure at Guinness Nigeria, Aridegbe led RGM strategies that strengthened market share and improved margins, earning her the prestigious Diageo Long Term Incentive Plan award in 2023. Prior to that, at Unilever Nigeria, she contributed to the company’s transition to SAP, demonstrating her ability to drive digital transformation in financial operations.

    As Head of RGM, West and Central Africa, Aridegbe will focus on enhancing pricing strategies to optimise market competitiveness, strengthening trade investment efficiency to maximise value creation as well as implementing strategic financial models for sustainable revenue growth.

     A dedicated mentor and high-performance leader, Aridegbe is committed to developing financial talent and fostering innovation-driven financial strategies. Her expertise in business intelligence tools ensures efficiency in planning and execution.

    On her new role, Aridegbe Ogundipe-Alatise stated, “I am honored to lead Revenue Growth Management for Diageo West and Central Africa at this critical time. The region presents vast opportunities, and I am committed to driving financial excellence, optimising commercial investments, and delivering long-term growth.”

    With Aridegbe at the helm, Diageo’s financial strategy in West and Central Africa is set to achieve new heights, reinforcing its leadership in the premium beverage market.

    Diageo has also appointed Kemi Longe as Portfolio Director, Reserve for Southern, West, and Central Africa, reinforcing its commitment to luxury brand growth, premiumization, and consumer engagement across key markets.

    A track record in brand and commercial strategy coupled with nearly 15 years in the FMCG industry, Kemi is a transformational leader recognized for her expertise in brand strategy, revenue growth, and consumer engagement. She has held key leadership roles at Unilever, GlaxoSmithKline (GSK), and PZ Cussons, where she drove market expansion, revitalized brands, and pioneered product innovation.

    At GSK, she spearheaded category-defining initiatives that accelerated consumer healthcare innovation and strengthened market share. At PZ Cussons, she led strategic campaigns that revitalised brands and established competitive advantages in high-growth markets. Her ability to combine data-driven insights with creative execution has set her apart as a visionary in brand and portfolio management.

    Kemi’s appointment comes at a pivotal moment for Diageo, as it strengthens its presence in Africa’s luxury spirits market. Her deep understanding of competitive landscapes, commercial strategy, and operational efficiency will be instrumental in driving growth and consumer engagement in the region.

    A strong advocate for conscious leadership and inclusive growth, Kemi has been recognized for her contributions to brand-building and talent development.

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    Speaking on her new role, Kemi Longe stated, “I am honored to lead Diageo’s Reserve portfolio across Southern, West, and Central Africa. This region holds incredible potential, and I look forward to delivering exceptional value to our consumers while contributing to the vibrant culture and economy of our markets.”

    With Kemi at the helm, Diageo’s Reserve portfolio in Africa is poised for unprecedented growth and innovation, reinforcing the company’s leadership in the luxury spirits market.

    Nwamaka Okey-Aguoru takes on the pivotal role as Head of HR for Diageo West and Central Africa: Driving People and Culture Transformation, where she will play a key role in shaping the people strategy, talent development, and culture transformation across the newly formed Southern, West, and Central Africa (SWC) business unit.

     A proven HR Leader Driving Business Success with over five years at Diageo, Amaka has led transformative HR initiatives at Guinness Nigeria, driving internal promotions, employee engagement, and cultural transformation. In her previous role as Senior HR Business Partner, Commercial and Marketing, she achieved a 95% increase in internal promotions, strengthening Diageo’s commitment to talent growth, a rise in the employee engagement index from 72% (F20) to 94% (F24), fostering a high-performance culture.

    Besides, she contributed to the development of the Guinness Nigeria 3C’s Culture Framework, enhancing team collaboration and passion for Diageo brands.

    An experienced HR Professional with a vision for growth with over her 19-year career, Amaka has gained expertise in Business Partnering, Talent Management, Change Management, Industrial Relations, and Organizational Design. She has held leadership roles at British American Tobacco, MTN, and Ikeja Electric, where she played key roles in HR strategy, employee relations, and cultural transformation.

    In her new role, Amaka will lead efforts to foster a people-centric culture focused on engagement, inclusion, and high performance, develop talent strategies to build a strong pipeline of future leaders as well as enhance organisational effectiveness, ensuring Diageo meets its business goals while championing diversity.

     While reflecting on her appointment, Amaka Okey-Aguoru was full of excitements. “I am excited to step into this role and continue shaping a workplace where people thrive. West and Central Africa hold immense potential, and I look forward to creating an environment that empowers our teams to succeed, innovate, and grow together.”

    With Amaka’s leadership, Diageo is well-positioned to drive a dynamic and inclusive people strategy that fuels long-term business success.

    Strengthening its commercial leadership, Diageo has also named Ujunwa Chukwumah as Commercial Director, for reinforcing its commitment to business excellence, market expansion, and gender inclusion in leadership.

     With over 17 years of experience in sales, business development, and market expansion across Africa, Ujunwa is a results-driven leader known for strategic execution and commercial innovation. She has successfully led initiatives in new market entry, distributor operations, and digital transformation.

    Previously serving as General Manager, Mainstream Spirits & Ready-to-Serve, Ujunwa drove consecutive double-digit revenue growth in Nigeria’s mainstream spirits category, despite economic challenges. She also played a key role in Guinness Nigeria’s Route-to-Consumer (RTC) transformation, securing the company’s position as a market leader.

    As Commercial Director, West Africa, Ujunwa will focus on operational Excellence: Developing high-performing commercial teams for sustained success, strengthening brand growth through strategic partnerships and market penetration, implementing financial strategies to optimise profitability, as well as expanding Diageo’s digital footprint and enhancing consumer engagement.

    A Commitment to Market Expansion and Sustainability, Ujunwa has been instrumental in optimizing Diageo’s distributor operations and aligning commercial execution with sustainability goals. Her leadership in RTC redesign has helped expand consumer reach while maintaining strong trade partnerships.

    A strong advocate for diversity and mentorship, Ujunwa has played a key role in developing future leaders at Diageo. She has led multiple talent development programs and has been recognized for her contributions to gender equity in commercial leadership.

    On her appointment, Ujunwa Chukwumah stated, “It is a privilege to take on this role at such a transformative time for Diageo in West Africa. Our focus is on delivering sustained commercial excellence, expanding our market reach, and leveraging digital innovation to drive new growth opportunities.”

    With Ujunwa’s leadership, Diageo’s commercial strategy in West Africa is set for significant advancement, reinforcing its position as a market leader in the region.

    These appointments reaffirm Diageo’s commitment to fostering exceptional leadership and creating opportunities for women to thrive in influential roles. As they drive impactful change across the business, their achievements set a new benchmark for excellence, inspiring future generations of leaders to break barriers and redefine success.

  • Diageo partners Celebr-8 Lyfe to transform premium spirits market

    Diageo partners Celebr-8 Lyfe to transform premium spirits market

    Diageo, global premium spirits maker, has partnered Celebr-8 Lyfe (Tolaram Company) to enhance availability of its iconic brands in Nigeria, following sale of Diageo’s majority shares in Guinness Nigeria to Tolaram.

    This partnership, which combines Celebr-8 Lyfe’s distribution network and brand building expertise, with Diageo’s portfolio, aims to redefine the Nigerian spirits market by making high-quality international brands accessible to consumers.

    This partnership is a milestone in how Nigerians experience quality spirits and does not only promise to meet consumer demand for globally renowned brands but also aims to raise the standards of market service and brand interaction nationwide.

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    “We are thrilled to partner Celebr-8 Lyfe, whose local expertise complements Diageo’s vision for growth in Nigeria,” said Kavita Hans, General Manager, Diageo West and Central Africa.

    “Our goal is to connect with more Nigerian consumers, through our brands, such as Johnnie Walker, Don Julio, Tanqueray, Singleton, Ciroc, Baileys, Black & White, Ketel One, Smirnoff, Gordons, and Zacapa.  We will do this while contributing to sustainable growth in the market.  Together, we are positioned to set benchmarks for excellence and consistency in the spirits industry.”

    This collaboration also provides economic benefits, as the strengthened supply chain and market innovations support job creation and industry development in Nigeria.

    The synergy between Diageo’s commitment to quality and Celebr-8 Lyfe’s dedication to efficient distribution and brand execution ensures a premium consumer experience, from product availability to brand interaction.

    Shobhit Jindal, general manager of Celebr-8 Lyfe, noted: “This partnership aligns with our mission to bring the best of global brands to Nigerian consumers. We are excited to work with Diageo to deliver on our shared vision for premium quality and market growth.”

    The partnership reflects both companies’ dedication to a progressive, high-standard market environment in Nigeria and reaffirms Diageo’s commitment to long-term growth in Africa. The first wave of brand rollouts under this partnership will begin this quarter.

  • Tolaram to acquire Diageo’s shares in Guinness

    Tolaram to acquire Diageo’s shares in Guinness

    Tolaram has agreed to acquire Diageo’s 58.02per cent shareholding in Guinness Nigeria Plc. Guinness made this announcement via a press release on the website of the NGX. This announcement is the latest in a string of major multinational organisations exiting the country citing tough economic challenges.

    The Tolaram transaction, expected to close in 2025 pending regulatory approvals. This will also see Tolaram enter into long-term licensing and royalty agreements to continue producing the iconic Guinness brand alongside Diageo’s ready-to-drink and mainstream spirits locally. Guinness has a market capitalisation of N110.7 billion based on its current share price of N50.5 per share suggesting the deal could top over N64 billion.  Diageo, while selling its controlling stake, will maintain ownership of the Guinness brand, ensuring its legacy continues under the stewardship of Tolaram. 

    According to the company, this move aligns with Diageo’s “strategic vision to retain brand influence” while leveraging Tolaram’s “extensive” distribution and manufacturing capabilities. With over fifty years in Africa, Tolaram is one of the continent’s leading consumer packaged goods companies. It has a history of successful joint ventures with leading multinational corporations, and this deal potentially reinforces its position as a trusted partner in the African market.  The acquisition also marks a significant expansion of Tolaram’s footprint in Nigeria, promising enhanced innovation and value delivery to customers and shareholders. Omobola Johnson, Board Chair of Guinness Nigeria, hailed the deal as a pivotal moment for the company. “This partnership brings together Tolaram’s deep expertise in manufacturing and distribution with Diageo’s exceptional brand-building and innovation capabilities. It positions Guinness Nigeria for robust growth in this dynamic market,” she said.

    Managing Director and CEO of Guinness Nigeria, Adebayo Alli, echoed these sentiments, expressing enthusiasm for the collaboration. “This announcement marks an exciting chapter for Guinness Nigeria. Tolaram’s alignment with our values and commitment to sustainability and enduring business success bodes well for our future,” Alli stated.

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    Managing Director of Tolaram Africa, Haresh Aswani, expressed excitement about the strategic acquisition. “Welcoming Guinness Nigeria, a company with such a rich legacy and strong consumer loyalty, into our ecosystem is thrilling. This move will expand our significant footprint in the Nigerian market and leverage our combined The announcement comes at a challenging time for Guinness Nigeria. The company recently reported a loss after tax of N61.7 billion for the nine months ending March 31, 2024, a stark contrast to the N5.9 billion profit in the same period the previous year. Despite a 28per cent year-on-year revenue growth to N220.3 billion, significant foreign exchange losses, totalling N83 billion, and a pre-tax loss of N60.5 billion have severely impacted the company’s financial health. The financial strain has wiped out Guinness Nigeria’s retained earnings, pushing the company into a negative equity of N4.7 billion.

    The interest expenses on loans and borrowings surged by 490% year-on-year to N5.6 billion, compounding the fiscal challenges. Despite these setbacks, Guinness Nigeria remains optimistic about its future.

    Meanwhile Bearish sentiment drove the domestic bourse today as the NGX All-Share Index closed 0.16per cent lower to settle at 99,630.51 points. Sustained investor interest in SEPLAT (+0.26per cent), GTCO (+2.62per cent) and ZENITHBANK (+0.57 per cent) was eroded by losses in MTNN (-4.04 per cent), FBNH (-0.43 per cent) and TRANSCORP (-2.27 per cent). Consequently, the year-to-date (YTD) return fell to 33.24per cent, while the market capitalization shed ₦92.32bn to close at ₦56.36trillion. Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 22.62 per cent. A total of 848.97m units of shares valued at ₦16.55billionn were exchanged in 8,064 deals. FIDELITYBK (+2.04 per cent) led the volume and value chart with 293.18million units traded in deals worth ₦2.93billion. Market breadth closed positive at a 1.71-to-1 ratio with advancing issues outnumbering declining ones. TOTAL (+9.98 per cent) led 28 others on the leader’s table, while NASCON (-9.91 per cent) topped 16 others on the laggards log.