Diageo Picks Ex US Army Officer Debra Crew As Next CEO; Ivan Menezes Decides To Retire

by Shivani Kumaresan, Benzinga Staff Writer

March 28, 2023 6:53 AM | 1 min read |

Diageo Plc DEO said Sir Ivan Menezes has decided to retire as Chief Executive Officer and depart from the Diageo Board on June 30, 2023.
He has been the CEO for ten years and joined the company through the merger of Guinness plc and Grand Metropolitan plc in 1997.
Debra Crew, currently Chief Operating Officer, will be appointed Chief Executive Officer and join the Diageo Board, effective July 1, 2023.
With Debra’s appointment as Chief Executive Officer, women will make up more than 50% of Diageo’s Executive Committee from July 1, 2023.
She is a graduate of the University of Denver, earned an MBA from the University of Chicago Booth School of Business, and previously served as an officer in the U.S. Army.
Price Action: DEO shares closed lower by 0.27% at $178.66 on Monday.
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