
Diageo, the world's biggest producer of alcoholic drinks, picked chief operating officer Ivan Menezes as its new chief executive on Tuesday, after Paul Walsh announced his retirement after almost 13 years at the helm. Menezes, 53, who has been chief operating officer since March 2012, will replace Walsh, 58, from the beginning of July, Diageo revealed in a statement. "Diageo has today announced that Ivan Menezes will be appointed chief executive of Diageo with effect from 1 July 2013," the British brewing giant said. "Paul Walsh, who will step down from the board at the September 2013 annual general meeting, will retire from the company on 30 June 2014. "In the last 12 months he will focus on transitioning critical partner and external relationships to Ivan." Diageo's key products include Baileys liqueur, Captain Morgan rum, Guinness stout, Johnnie Walker whisky, Smirnoff vodka and Tanqueray gin. Almost 40 percent of Diageo's business is in emerging markets. "Paul is an outstanding chief executive," said Diageo chairman Franz B. Humer in the statement. "He has served our business, its shareholders, employees and partners with enormous imagination and dedication over the past 13 years. I know he is justly proud of Diageo and its people and he leaves a great legacy for his successor." He added: "We are delighted to have a leader of Ivan's talents and global experience to succeed Paul. "The handover is being made at a time when the business is strong and Ivan takes on the role of CEO at an exciting stage of the company's global development."
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor