Ivan Menezes was an Indian-born American and British business executive.
He was the chief executive officer (CEO) of Diageo, a FTSE 100 British multinational alcoholic beverages company, from 2013 until his death in 2023, succeeding Paul S. Walsh.
Menezes was born in Pune, India, on July 10, 1959. He studied economics at St. Stephen’s College in Delhi, India, and then earned an MBA from Harvard Business School.
Menezes joined Diageo in 1997 as a strategy director.
He held a number of senior positions at the company, including president of North America, chairman of Asia Pacific, and chairman of Latin America and Caribbean.
In 2012, he was named chief operating officer of Diageo.
In 2013, Menezes was appointed CEO of Diageo. Under his leadership, the company’s sales grew and its profits increased.
He also oversaw the acquisition of a number of new brands, including Don Papa rum and Casamigos tequila.
Menezes was knighted in 2015 for his services to business and to the community.
He was a member of the World Economic Forum’s Global Agenda Council on Alcohol.
Menezes died on June 7, 2023, at the age of 63. He was survived by his wife, Shibani, and their two children.
Ivan Menezes cause of death
Menezes succumbed to complications from a surgery that he underwent.
The former Diageo boss was admitted to hospital for treatment of among other medical conditions, including a stomach ulcer.
How much was Ivan Menezes worth?
Menezes, the former CEO of Diageo, had an estimated net worth of $5 million by the time of his death.
His net worth was largely derived from his salary and bonuses as CEO, as well as his ownership of shares in Diageo.
Menezes was paid a base salary of £1.3 million in 2022, as well as a bonus of £5.7 million.
He also owned 52,282 shares in Diageo, which were worth over $2 million at the time of his death.
Menezes’s net worth increased significantly during his tenure as CEO.
When he took over as CEO in 2008, Diageo’s market capitalization was £42 billion.
A while later, Diageo’s market capitalization had almost doubled to £75 billion.
