Diageo Says Former CEO Ivan Menezes Has Died -- Update
07 Giugno 2023 - 9:28AM
Dow Jones News
By Joe Hoppe
Diageo said Wednesday that former Chief Executive Officer Ivan
Menezes has died following a brief illness.
The London-based maker of Johnnie Walker scotch whisky, Guinness
stout and Smirnoff vodka said that Menezes was at the creation of
Diageo and was with the company for more than 25 years. Menezes had
been due to retire on June 30.
On Monday, the company had named Debra Crew as interim chief
executive officer with immediate effect, ahead of her planned
joining date as CEO in July 1. It said then Menezes was in hospital
receiving treatment for medical conditions, including a stomach
ulcer.
"We are truly privileged to have had the opportunity to work
alongside such a thoughtful and passionate colleague and friend--a
true gentleman. He has built an extraordinary legacy," Chairman
Javier Ferran said
Menezes is credited with growing the business significantly
since he became CEO in July 2013, with Diageo now selling around
200 brands in more than 180 markets. .
Menezes joined the group in 1997 through the merger of Guinness
and Grand Metropolitan, having been strategy director at Guinness.
After Diageo was created, he was then appointed group integration
director, tasked with integrating a "merger of equals." He then
held a number of senior positions in Diageo, serving as CEO from
July 2013.
"During his decade as CEO, Ivan oversaw an outstanding period of
change, growth and high performance. Diageo made huge strides
towards his ambition that Diageo should become one of the best
performing, most trusted and respected companies in the world," the
company said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
June 07, 2023 03:13 ET (07:13 GMT)
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