Ivan Menezes, India-Born CEO of Liquor Giant Diageo, Passes Away at 63

Ivan Menezes, the CEO of Diageo, the largest spirits maker globally, has sadly passed away at 63 in London, England.

His death occurred shortly after being hospitalized for treatment, following a brief illness.

Menezes experienced a "significant setback" over the weekend due to complications, as stated by Diageo. Diageo, renowned for producing popular alcoholic brands such as Guinness, Smirnoff, Gordon's gin, and Johnnie Walker whisky, issued this statement.

On Monday, the company made an announcement stating that Debra Crew, the CEO-designate, would take on the role of CEO on an interim basis, while Menezes continued to receive treatment.

Menezes played a crucial role in fostering growth at Diageo and skillfully guided the company through numerous successful acquisitions.

Following the impact of the COVID-19 pandemic on the hospitality industry, Menezes spearheaded a remarkable recovery effort that resulted in Diageo's net sales value surpassing the 2019 figures by an impressive 36 percent.

Under Menezes' leadership, Diageo emerged as a dominant force, accounting for around 10 percent of the total food and beverage exports of the United Kingdom, as per the company's evaluations.

Recognizing his contributions to business and equality, Menezes was knighted earlier this year in the inaugural New Year's honours list by KingCharles III.