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NEWS ALERT: Diageo Names Ivan Menezes CEO, Replacing Paul Walsh, Effective In July

May 7, 2013

In a widely expected move, Diageo has announced that its current COO, Ivan Menezes, will replace Paul Walsh as CEO on July 1. Walsh will step down from Diageo’s board at the group’s September 2013 annual general meeting and retire from the company June 30, 2014, after helping transition “critical partner and external relationships to Ivan, including those essential to recent acquisitions,” Diageo said.

Menezes has been viewed as likely to succeed Walsh, who has led Diageo for 13 years, since being named COO in late February 2012. Prior to becoming COO, Menezes headed up Diageo’s operations in North America, Asia Pacific and Latin America & Caribbean. More to come on Diageo’s changing of the guard in today’s SND.

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