Ivan Menezes: Diageo CEO. Picture: BLOOMBERG/SIMON DAWSON
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Diageo, the maker of Johnnie Walker whisky, on Wednesday said long-time boss Ivan Menezes, who held the CEO role at the world’s biggest spirits company for 10 years, has died after a brief illness.

The 63-year-old, who was set to retire at the end of June, was in hospital receiving treatment for conditions including a stomach ulcer. His recovery suffered a significant setback due to complications, which followed emergency surgery on the ulcer, Diageo  said, adding that CEO-designate Debra Crew will assume the top role on an interim basis.

British-American national Menezes, born in the Indian city of Pune, joined Diageo after its formation through the merger of Guinness and Grand Metropolitan in 1997.

The executive, who was behind the “Keep Walking” campaign for Johnnie Walker when he was marketing head, previously held roles at Whirlpool and Nestlé.

“This is an incredibly sad day. Ivan was undoubtedly one of the finest leaders of his generation,” said Diageo chair Javier Ferrán. “The desire to build the world’s best brands never left him.”

Diageo, which also makes Tanqueray gin and Don Julio tequila, has seen sales surge under Menezes’ leadership, and he steered the company through multiple brand acquisitions as well as a major sustainability overhaul. The company accounts for 10% of the UK’s total food and drinks exports.

“Ivan was rare in combining phenomenal corporate success without ego or vanity, and combining conventional achievement with being a devoted family man, and caring and generous to scores of friends and acquaintances,” Arvind Subramanian, former chief economic adviser to the government of India, said in a WhatsApp message to Reuters.

Subramanian and Menezes were contemporaries at the Indian Institute of Management in Ahmadabad.

Menezes, who was awarded a knighthood in 2023, is survived by his wife and two children.

Reuters

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