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Xerox CFO Kathryn Mikells is stepping down to take another job
(Xerox)
Kathryn Mikells.
Xerox CFO Kathryn Mikells is stepping down.
The company announced on Monday that Mikells will be leaving to pursue another opportunity at Diageo PLC.
Diageo is known in North America for its popular adult beverages, which include Johnnie Walker whiskey, Smirnoff vodka, Captain Morgan's Spiced Rum, Guinness, and various other alcoholic drinks.
She will be replacing CFO Deirdre Mahlan, who will become the president of Diageo's North American business.
Mikells has served as Xerox's CFO since May 2013. Previously she was the CFO of United Airlines from 2008 to 2010.
In a press release, Diageo CEO Ivan Menezes said, "Kathryn has the experience of working with teams to drive disciplined performance management, which will contribute to the achievement of our performance ambition."
"We are starting to see the benefits of the changes we have put in place, and I am confident we are uniquely positioned to take advantage of this growth sector," he said.
Mahlan will step down from Diageo's board when Mikells takes over on November 9. Mahlan will return to America where she will focus on reviving the company's North American business. Mikells will be based in the company's London office.
"I am excited to join the Diageo team," Mikells said. "This is a unique opportunity to work for a company with leading consumer brands, unparalleled global reach, and the marketing and innovation agility to drive performance locally. Diageo has a clear and compelling strategy, and I am looking forward to working with Ivan and the team to deliver it."
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