Diageo has named a brand new Chief Govt Officer following the introduced retirement of CEO Ivan Menezes.
Menezes has determined to retire from his prime put up and depart from the Diageo Board on June 30, 2023, following ten years main the corporate. His alternative might be Debra Crew, presently Chief Working Officer. She might be appointed CEO and be part of the Diageo Board, efficient July 1 2023.
“It has been an infinite honor main Diageo over the previous decade,” Menezes says. “I’m extraordinarily pleased with what we’ve achieved throughout that point, and I wish to thank my 28,000 proficient colleagues all over the world for all of their arduous work, creativity and keenness. I’d additionally prefer to thank the Board for his or her encouragement, problem and help through the years.”
“I’m delighted to be handing over the reins to Debra,” he provides. “Within the time that we’ve labored collectively, I’ve been constantly impressed along with her ardour for development and for constructing excessive performing groups. I’m assured that beneath Debra’s management, and with our extraordinary portfolio of manufacturers and tradition, Diageo will go on to ship our long-term efficiency ambition.”
Menezes joined Diageo via the merger of Guinness and Grand Metropolitan in 1997, and has held quite a few senior positions within the enterprise. These embody Chief Working Officer; President, Diageo North America; Chairman, Diageo Asia Pacific; and Chairman, Diageo Latin America and Caribbean. He has been an Govt Director of Diageo since July 2012, and has served as CEO since July 2013.
Throughout his tenure, Diageo has grown, now promoting greater than 200 manufacturers in additional than 180 markets.
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Led by Menezes, Diageo has developed a management place in sustainability, reaching a “Double A” ranking for Water Safety and Local weather Change from CDP (previously the Carbon Disclosure Undertaking), in addition to a very sturdy stance on inclusion and variety. With Crew’s appointment as CEO, ladies will make up greater than 50% of Diageo’s Govt Committee.
In January 2023, Menezes was awarded a Knighthood for companies to Enterprise and to Equality in His Majesty The King’s 2023 New Yr Honours Checklist.
“The Board is enormously grateful for Ivan’s contribution over the previous decade,” says Javier Ferrán, Chairman, Diageo. “Beneath his stewardship, Diageo has constantly delivered a very spectacular efficiency to grow to be some of the revered companies on this planet. Ivan has reworked Diageo’s international footprint, model portfolio and strategic focus, positioning our enterprise as a transparent chief in premium drinks. Similtaneously delivering constant shareholder returns, Ivan has nurtured a various and proficient international workforce and made important progress on essentially the most materials sustainability points going through our enterprise.”
“The Board has diligently deliberate for Ivan’s successor, and we’re delighted to have appointed a frontrunner of Debra’s caliber to the function,” Ferrán provides. “Debra has been a extremely valued member of Diageo’s management crew lately with a powerful observe document of supply each at Diageo and throughout different international shopper items firms. She has deep shopper trade experience in addition to confirmed strategic capabilities, sturdy operational efficiency and a transparent potential to construct and lead groups. I’ve little question that Diageo is in the proper arms for the subsequent part of its development.”
Previous to being appointed Chief Working Officer in October 2022, Crew was President. She initially joined the Diageo Board as a Non-Govt Director in April 2019, earlier than stepping down from the Board when appointed President, Diageo North America in July 2020.
Crew is the previous President and CEO of Reynolds American. Previous to that, Debra spent 5 years at PepsiCo, the place she served as President, North America Diet; President, PepsiCo Americas Drinks; and President, Western Europe Area. Earlier than PepsiCo, Debra held positions with Kraft Meals, Nestlé S.A. and Mars, Inc.
She is a graduate of the College of Denver, earned an MBA from the College of Chicago Sales space College of Enterprise, and beforehand served as an officer in the US Military. She presently serves on the board of Stanley Black & Decker, Inc., having beforehand served on the boards of Newell Manufacturers and Mondēlez Worldwide.
“I’m delighted to be appointed Chief Govt Officer of Diageo,” says Crew. “Ivan leaves Diageo in a really sturdy place for future development and I look ahead to working with our groups all over the world to seize the alternatives forward.”
“I’m targeted on persevering with Diageo’s extraordinary observe document of constructing world-leading manufacturers and enhancing our repute as some of the accountable companies in what I imagine to be essentially the most thrilling shopper merchandise class,” she provides. “It’s an unbelievable privilege to be main Diageo via the subsequent part of its growth.”
