🔴 Diageo is trading 6.96% down in after-hours trading after successor appointment raises turnaround concerns

Diageo is trading 6.96% down in after-hours trading at $80.81 after investors reacted negatively to the September 24, 2026 announcement naming WPP CFO Joanne Wilson as Nik Jhangiani’s successor.

• Wilson will join Diageo’s board and executive committee in 2027, creating a lengthy leadership transition.
• Reuters reported concern because Jhangiani had been central to the turnaround plan as the spirits maker works to revive growth.