Debra Crew, the present chief working officer, will likely be appointed as CEO and can be a part of the board, efficient 1 July 2023.
“It has been an unlimited honour main Diageo over the previous decade. I’m extraordinarily happy with what we’ve achieved throughout that point. I’m delighted to be handing over the reins to Debra. 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,” Menezes stated.
Menezes joined Diageo by way of the merger of Guinness plc and Grand Metropolitan plc in 1997 and has held various senior positions within the enterprise together with COO, president of Diageo North America, chairman of Diageo Asia Pacific and Diageo Latin America and Caribbean.
Menezes has been an government director of Diageo since July 2012 and has served as CEO since July 2013. In January 2023, Menezes was awarded a Knighthood for companies to enterprise and equality in His Majesty The King’s 2023 New 12 months Honours Record.
Crew stated: “Ivan leaves Diageo in a really sturdy place for future development and I sit up for working with our groups all over the world to seize the alternatives forward. I’m centered on persevering with Diageo’s observe document of constructing world-leading manufacturers and enhancing our fame as some of the accountable companies in what I consider to be probably the most thrilling shopper merchandise class. It’s an unimaginable privilege to be main Diageo by way of the subsequent part of its improvement.”
With Crew’s appointment as CEO, girls will make up greater than 50% of Diageo’s government committee from 1 July 2023.
Previous to being appointed COO in October 2022, Crew was president of Diageo North America and international provide. Crew initially joined the Diageo Board as a non-executive director in April 2019, earlier than stepping down from the board when appointed president of Diageo North America in July 2020.
