Sir Ivan Menezes, 63, died after a short illness. He had been CEO of Diageo for a long time and the company made more spirits than any other company in the world.
Menezes, who until recently held the position of CEO at the London-based alcohol multinational valued at £75 billion.
Sir Ivan had been receiving medical attention at the hospital for a variety of conditions, one of which was a gastrointestinal ulcer.
On Monday, Diageo, the renowned corporation whose trademarks include Gordon’s gin, Johnnie Walker whiskey, Guinness, and Smirnoff, disclosed that Menezes suffered a significant setback over the weekend due to complications.
Following this, the organization promptly declared Debra Crew to assume the role of interim CEO, effective a few weeks before Menezes’ scheduled retirement after June.
Javier Ferrán, chairman of Diageo, conveyed his profound sorrow on Wednesday, stating, “Today is an exceptionally gloomy day. Ivan was unquestionably one of the preeminent leaders of his era.
Net Worth of Sir Ivan Menezes
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Sir Ivan Menezes, one of the sector’s highest-paid executives, was the CEO of Diageo, the largest spirits company.
Even though his net worth remains undisclosed, rumors indicate that it is in the millions. Wallmine estimated that Menezes had a minimum net worth of $2.29 million as of March 9, 2021.
Diageo plc paid Ivan Menezes $1,689,000 for his services as executive director and chief executive officer.
During his tenure as CEO of Diageo, Sir Ivan Menezes’ net worth will have almost certainly increased substantially, although the exact amount is unknown.
Unknown at this time is whether his family will disclose any additional information regarding his private life or net worth. His family has not disclosed any information regarding his net worth.
Sir Ivan Menezes Cause Of Death
On June 7, 2023, Sir Ivan Menezes, the erstwhile CEO of Diageo, expired at the age of 63. Even though the cause of his demise has not been disclosed to the public, it was reported that he briefly fell ill.
Menezes, who was undergoing medical treatment at the hospital for ailments such as a gastrointestinal ulcer, encountered a “significant setback” over the weekend due to complications.
Weeks before Menezes’ scheduled retirement at the end of June, Diageo, the parent company of Johnnie Walker whisky, Gordon’s gin, Guinness, and Smirnoff, announced that Debra Crew would assume the role of interim CEO immediately.
Sir Ivan Menezes, who presided over Diageo, the preeminent alcohol corporation globally, for more than a decade, was a prominent figure in the beverages industry.
His passing has stunned a great number of individuals and he will be remembered for his contributions to the industry.
Family of Sir Ivan Menezes
Two offspring also survive Sir Ivan Menezes, in addition to his spouse. His family has not provided the public with any information regarding his passing.
Brother of Sir Ivan Menezes, Victor Menezes formerly served as chairman and CEO of Citibank.
Manuel Menezes, his father, was the administrator general of the Indian Railway Board. Sir Ivan Menezes’ sister-in-law is Tara Anne Fonseca, the spouse of Victor Menezes. Sir Ivan Menezes was born in Pune, India, in July 1959.
St. Stephen’s College in Delhi, the Kellogg School of Management at Northwestern University, and the Indian Institute of Management in Ahmedabad were where he obtained his academic credentials.
Since his inception with Diageo in 1997, he has occupied several executive positions before being appointed CEO in 2013.
Regarding Sir Ivan Menezes’s private life and wealth, his family has not disclosed any information; whether they will do so in the future is unknown.
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