Diageo CEO Sir Ivan Menezes just announced his upcoming retirement, according to a March 28 announcement from Diageo. Menezes had served as CEO for a decade and worked for Diageo since 1997, serving one of the longest FTSE chief executive tenures in Britain.
He’s set to retire and step down from the Diageo Board at the end of June. Debra Crew, a U.S. army veteran and the corporation’s current chief operating officer (COO), will step into the role on July 1.
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