Diageo chief Paul Walsh to step down, Menezes promoted

Posted on 7 May 2013

Diageo's chief executive, Paul Walsh, is to resign after 13-years at the drinks giant whose brands include Smirnoff and Guinness.

His position will be taken by Ivan Menezes, 53, Diageo’s chief operating officer, who will start the top job on July 1. Mr Walsh will remain at the company until June 2014 to help Mr Menezes through the “transition process”, Diageo said in a statement this morning. Paul Walsh is credited with building the company…

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