LONDON May 7 Global spirits company Diageo
named Chief Operating Officer Ivan Menezes as its new
chief executive, replacing Paul Walsh who has been at the helm
of the firm since 2000.
Menezes will take over the top job from July 1, while Walsh
will focus on moving critical partner relationships to Menezes
over the next year, the maker of Guinness and Tanqueray gin said
in a statement on Tuesday.
"The handover is being made at a time when the business is
strong and Ivan takes on the role of CEO at an exciting stage of
the company's global development," Diageo Chairman Franz Humer