Diageo CEO Walsh plans to remain in his post through middle of 2014; COO Menezes lead internal candidate to succeed him
March 27, 2012
– Diageo CEO Paul Walsh said he plans to remain in his post through the middle of 2014 and said COO Ivan Menezes is the lead internal candidate to succeed him, The Wall Street Journal reported March 26.
Walsh has been CEO of Diageo for nearly 12 years, but rumors of his retirement have been circulating since the end of February when Menezes was named CEO.
“It's pretty clear with this appointment that Ivan is the lead internal candidate,” Walsh told The Wall Street Journal. “There are many other talented players in this business as well, but Ivan is the lead player. The timing will be determined by the corporate agenda; it will be determined by the board; it will be determined by our performance — Ivan's performance — and I will be very, very flexible.”
The primary source of this article is The Wall Street Journal, New York, New York, on March 26, 2012.