FDBusiness.com

Diageo has appointed Lord Mervyn Davies of Abersoch to its board effective from 1st September 2010. He becomes a non-executive director and his responsibilities will include membership of the audit, the nomination and the remuneration committees.

Lord Davies was previously Minister for Trade, Investment and Small Business for the UK Government between January 2009 and May 2010. Prior to this role, Lord Davies was chairman of Standard Chartered PLC, the financial services company with leading positions in Asia, Africa and the Middle East and for which he was also group chief executive from 2001 until 2006. He was a non-executive director at Tesco from 2003 to 2008.