Larry Schwartz, president of Diageo's North American operation, will retire at the end of the year, spelling the end of his 40-year association with the drinks industry.
Schwartz, who's been president of the company's North America arm since early 2012, has held numerous other roles at the business including president of Diageo US and president of the drinks giant's US spirit division. Diageo is now looking for a replacement.
"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," said chief executive Ivan Menezes.
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