TIDMDGE
RNS Number : 9317B
Diageo PLC
07 June 2023
Diageo plc announces that Sir Ivan Menezes has passed away
7 June 2023 : Following our announcement on 5 June 2023, it is
with great sadness that Diageo announces that Sir Ivan Menezes has
passed away following a brief illness, with his family at his
side.
Javier Ferrán, Chairman, Diageo plc , commented:
"This is an incredibly sad day. Ivan was undoubtedly one of the
finest leaders of his generation.
Ivan was there at the creation of Diageo and over 25 years,
shaped Diageo to become one of the best performing, most trusted
and respected consumer companies. I saw first-hand his steadfast
commitment to our people and to creating a culture that enabled
everyone to thrive. He invested his time and energy in people at
every level of the company and saw potential that others may have
overlooked. This is one of many reasons why he was beloved by our
employees, past and present.
Ivan's energy and his commitment to diversity created a truly
inclusive business and enabled Diageo to have a positive impact on
the communities we serve. His passion for our brands was
second-to-none and in his heart, he remained the Johnnie Walker
marketer from his early days. The desire to build the world's best
brands never left him.
We are truly privileged to have had the opportunity to work
alongside such a thoughtful and passionate colleague and friend - a
true gentleman. He has built an extraordinary legacy.
Ivan leaves behind many friends and a beloved family, and our
thoughts are particularly with his wife, Shibani and his two
children, Nikhil and Rohini. On behalf of the Board, Executive
Committee and all our employees, we extend our deepest sympathies
to them."
Notes to editors:
-- Ivan Manuel Menezes was born on 10 July 1959, in Pune, India.
He held UK and US citizenship, and Overseas Citizenship for
India.
-- Ivan was one of Britain's longest serving and most respected
FTSE Chief Executives, transforming Diageo into the world's leading
premium drinks company and which accounts for 10% of the UK's total
food and drinks exports.
-- Ivan joined Diageo at its creation in 1997 and held many
senior positions in a career spanning over 25 years at the company.
He had been the Strategy Director for Guinness plc. When Diageo was
subsequently created through the merger, Ivan was appointed Group
Integration Director tasked with integrated this 'merger of
equals'.
-- He became Global Marketing Director, UDV, in 1998 and was
responsible for developing the now iconic, 'Keep Walking' campaign
for Johnnie Walker.
-- He subsequently held several senior positions in Diageo
including Chief Operating Officer; President, Diageo North America;
Chairman, Diageo Asia Pacific; and Chairman, Diageo Latin America
and Caribbean.
-- Ivan was appointed to the board as an Executive Director of
Diageo in July 2012 and served as Chief Executive Officer since
July 2013. He was due to retire on 30 June 2023.
-- During his decade as CEO, Ivan oversaw an outstanding period
of change, growth and high performance. Diageo made huge strides
towards his ambition that Diageo should become one of the best
performing, most trusted and respected companies in the world.
-- Now selling over 200 brands in more than 180 markets, today
Diageo is the number one company by net sales value in Scotch
whisky, vodka, gin, rum, Canadian whisky, liqueurs, and also
tequila(1) , a category in which only eight years ago the company
had no substantive position.
-- Ivan was particularly proud to announce in December 2022,
that Guinness was ranked the number one selling beer by value for
the first time in the on-trade in Great Britain.
-- Having steered Diageo through the Covid-19 pandemic, Ivan
delivered a company with net sales value 36% larger than in
2019.
-- Ivan was an inspirational champion for both women and ethnic
minorities in business. In 2008 there were no women on Diageo's
Executive Committee, today over half are women, including his
successor as CEO, the CFO and the Presidents of Diageo's largest
Markets - North America, Europe and India, and almost half of the
Executive Committee are ethnically diverse.
-- Over 40% of Diageo's senior leadership positions globally are
held by women, while 37% are ethnically diverse, well on the way to
his target to achieve gender parity in senior leadership and 45% of
our leadership to be ethnically diverse by 2025.
-- Diageo was ranked the number one company in Britain for
female leadership representation in the final Hampton Alexander
Review in 2021, and ranked number one in the UK, and number two
globally, in Equileap's 2023 Gender Equality Report. In February
2023, Diageo was named the top company for female representation at
board level in the FTSE Women Leaders Review.
-- Ivan was determined to be a pioneer on environmental, social
and governance (ESG) issues, committing Diageo to deliver a
positive impact on society everywhere the company operates. Diageo
halved carbon emissions in absolute terms under his leadership -
even as the company significantly increased production and sales -
and water efficiency also improved by almost half.
-- During the Covid-19 pandemic, Diageo produced more than 10
million bottles of hand sanitiser for healthcare workers around the
world, including the NHS - with the Secretary of State for Health
commenting that "Diageo rode to the rescue" when supplies were
low.
-- Ivan also announced the $100 million "Raising the Bar"
programme to help pubs and bars around the world reopen their doors
safely again, providing PPE, sanitation, equipment for safer
outdoor socialising spaces and staff training.
-- During the past decade, Diageo's total shareholder returns
have strongly outperformed the FTSE100, and the Company has
continued its progressive policy to increase dividends every
year.
-- Beyond Diageo, Ivan was Chairman of 'Movement to Work'
between 2017 and 2020, a UK voluntary collaboration of businesses
committed to tackling youth unemployment, in partnership with
government, unions and charities, delivering 100,000 structured
work placements for young people in the UK, with over 55% of
participants securing permanent jobs.
-- Ivan had a long involvement with the Pratham charity as an
ongoing donor. Pratham is a charity which promotes literacy an
provides education to underprivileged children in India.
-- Ivan is a Non-Executive Director of Tapestry Inc.; Chairman
of the Council of The Scotch Whisky Association; and a member of
the Global Advisory Board at Kellogg School of Management,
Northwestern University.
-- Prior to his career with Diageo, Sir Ivan worked across a
variety of sales, marketing and strategy roles for Whirlpool in
Europe, Booz Allen & Hamilton in North America, and Nestlé in
Asia.
-- In January 2023, Ivan was awarded a Knighthood for services
to Business and to Equality in His Majesty The King's 2023 New Year
Honours List.
ENDS
(1) IWSR 2021
(2) CGA OPMS December 2022
Investor relations:
Durga Doraisamy +44 (0) 7902 126906
investor.relations@diageo.com
Media relations:
Dominic Redfearn +44 (0) 7971 9777 59
press@diageo.com
About Diageo
Diageo is a global leader in beverage alcohol with an
outstanding collection of brands across spirits and beer
categories. These brands include Johnnie Walker, Crown Royal,
J&B and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One
vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and
Guinness.
Diageo is a global company, and our products are sold in more
than 180 countries around the world. The company is listed on both
the London Stock Exchange (DGE) and the New York Stock Exchange
(DEO). For more information about Diageo, our people, our brands,
and performance, visit us at www.diageo.com. Visit Diageo's global
responsible drinking resource, www.DRINKiQ.com for information,
initiatives, and ways to share best practice.
Celebrating life, every day, everywhere.
Diageo plc LEI: 213800ZVIELEA55JMJ32
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