Following therapy for a medical situation, Menezes’ restoration suffered a “important setback”, which led to emergency surgical procedure on a abdomen ulcer.
Diageo has appointed Debra Crew as interim CEO, with fast impact, forward of her appointment to the function on 1 July, as Menezes deliberate to retire on 31 June after 10 years main the corporate as CEO.
In a press release, Diageo mentioned Menezes had household by his aspect. Javier Ferrán, chairman of Diageo, mentioned: “Ivan was undoubtedly one of many best leaders of his era.
“Ivan was there on the creation of Diageo over 25 years in the past and formed it to turn out to be the most effective performing, most trusted and revered client firms,” Ferrán added.
Diageo mentioned Menezes was “certainly one of Britain’s longest serving and most revered FTSE chief executives,” as he joined in 1997 at its creation and held various roles over his 25 years on the firm.
Throughout his time he turned world advertising and marketing director, UDV, in 1998 and was answerable for growing the ‘Hold Strolling’ marketing campaign for Johnnie Walker.
Following this he held a number of senior positions together with chief working officer, president of Diageo’s North American arm and chairman roles for Diageo Asia Pacific, Latin America and the Caribbean.
Menezes was appointed to the board as an govt director in July 2012 and served as CEO since July 2013.
Having navigated the Covid-19 pandemic, Menezes delivered the corporate with internet gross sales worth 36% bigger than in 2019.
Menezes additionally championed variety, with the corporate right now having over 40% of its senior management positions held by girls, whereas 37% are ethnically numerous.
Diageo mentioned that in Menezes’ time as CEO, he oversaw an “excellent interval of change, development and excessive efficiency,” because it now sells over 200 manufacturers in additional than 180 markets.
Diageo holds the place because the primary firm by internet gross sales worth in Scotch whisky, vodka, gin, rum, Canadian whisky, liqueurs, and tequila, based on IWSR Drinks Market Evaluation knowledge.
The corporate’s portfolio contains manufacturers akin to Smirnoff vodka, Johnnie Walker, Gordon’s gin and Guinness, which Menezes noticed rank the primary promoting beer by worth for the primary time in Nice Britain’s on-trade, in December 2022.
In January of this yr, Menezes obtained a knighthood for providers to enterprise and equality within the King’s 2023 New Yr Honours Record.
Menezes is survived by his spouse Shibani and his two youngsters.
