Morgan will step down from the executive committee on June 30 and leave the company on September 30.

Diageo chief executive Ivan Menezes said: “Andrew has played an instrumental part in growing Diageo over his 27 years with the company. He has spent over 12 years on our executive committee and has enjoyed a career of enormous breadth and contribution. I am grateful to him for the major role he has played in extending Diageo’s outstanding global reach and presence in high growth markets. Everyone at Diageo wishes Andrew well in his future endeavours.”

Prior to his appointment as president, new businesses in November 2012, Morgan spent seven years as president Diageo Europe. He has held a succession of marketing, strategy and general management positions with Guinness and Diageo since he joined Guinness Plc in 1987.