May 18, 2016 / 1:46 PM / 4 years ago

Diageo names Lion Capital partner Javier Ferrán chairman

(Reuters) - Spirits maker Diageo Plc said industry veteran Javier Ferrán, a partner at consumer-focused private equity firm Lion Capital, will succeed Franz Humer as chairman on Jan. 1.

Ferrán, 59, will be appointed non-executive director of the company on July 22, ahead of Humer’s retirement.

Ferrán serves on the board of beer brewer SABMiller Plc as non-executive director and was earlier president and CEO at rum-maker Bacardi.

Shares in Diageo closed down 0.7 percent at 1843.5 pence on the London Stock Exchange on Wednesday.

Reporting by Mamidipudi Soumithri in Bengaluru; Editing by Sriraj Kalluvila and Don Sebastian

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