Diageo North America CFO steps down

16th December, 2015 by Amy Hopkins

Diageo North America’s chief financial officer Greg Kryder has resigned from the company to “pursue other career interests”.

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Diageo has appointed a new CFO for its North America division

Jakob Ripshtein has been appointed as Kryder’s replacement and will combine the responsibilities of North America’s CFO with his current role as president of Diageo Canada.

Ripshtein will continue to report to Deirdre Mahlan, recently appointed president of Diageo North America, and will serve as a member of the North America executive team.

He previously held the roles of VP finance for Canada, global pricing director and SVP of finance for open states with Diageo. Ripshtein has been Diageo’s president of Canada since 2014.

“Jakob has a track record of delivering great business results,” said Mahlan. “During his tenure leading our Canada business, Jakob has overseen the successful transformation to a broker model, delivering strong business results and great employee engagement during a period of significant change.”

Kryder, who has worked at Diageo for 14 years, will step down in January 2016.

“I’d also like to thank Greg for his many contributions to Diageo over the last fourteen years,” added Mahlan. “Over the years, those who have worked with Greg know that he brings an equal commitment to great performance as well as developing great people and teams.”

Recent reports suggested that Diageo had hired a leading boardroom headhunter to find a successor for its chairman Franz Humer.

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