How to make it: be ready to replace your CEO Opinion If there’s one inevitable in business aside from death and taxes it’s that the CEO will always leave, so succession planning is essential. But why hire an expensive headhunter when the right person could already be in your boardroom? Asks Richard Harpin As the new football season nears kick-off, I’ve been pondering that famous old [...]
Diageo: Shares at Guinness maker sink as Latin America hangover continues Retail Diageo reported a decline in annual profit on Tuesday as issues in Latin America continued to weigh on the world's largest spirit maker.
Terry Smith: ‘More than usually challenging’ 2023 hits stockpicker’s flagship fund INVESTMENT LEGENDARY City stockpicker Terry Smith’s flagship equity fund underperformed global stock markets last year but analysts said punters wouldn’t be too ‘miffed.’
Diageo: Guinness maker shares hit lowest level in four years amid China trade row January 5, 2024 Shares at Diageo are now trading at their lowest level since November 2020, in the face of weakening sales and trouble with Chinese trade.
In memoriam: Two chancellors, Parky, Sir Bobby, business leaders and celebs we lost in 2023 December 26, 2023 As City A.M. looks ahead to the next 12 months, we reflect on those who have departed this year, and the impact they continue to have.
Brits’ growing taste for Guinness – and price hikes – drive Diageo forward August 1, 2023 Rising sales of Guinness in the UK, and global price hikes and premiumisation, drove drinks giant Diageo forward
We need more humble leaders like the former Diageo CEO in our politics June 14, 2023 The former chief executive of Diageo, Ivan Menezes, passed away last week. He was the greatest example of a humble leader; we have many of those in business, but unfortunately not enough of them in politics, writes Josh Williams
Long-time Diageo boss Sir Ivan Menezes dies aged 63 June 7, 2023 Sir Ivan Menezes, the long serving chief of drinks giant Diageo, has died aged 63, following a short illness. The Indian-born business leader passed away days after he was rushed into hospital for emergency surgery, for medical issues including a stomach ulcer. Menezes joined Diageo at its creation in 1997 and held many senior positions [...]
Diageo chief Sir Ivan Menezes has emergency surgery before retirement as first female CEO takes charge June 5, 2023 Spirits giant Diageo has announced the appointment of its first female chief executive following the retirement of long-term boss Sir Ivan Menezes, who’s now in hospital. The appointment of Debra Crew as interim chief executive was announced this morning, while its existing chief undergoes emergency surgery. He will formally retire at the end of the [...]
Cheers to that! Diageo chief quits after decade at the top, as firm appoints FTSE 100’s tenth woman CEO March 28, 2023 Spirit maker Diageo has announced its chief executive Sir Ivan Menezes is to retire following ten years leading the firm. The London-listed drinks giant will step aside from the firm’s board in June of this year and be replaced by Debra Crew, who is currently its chief operating officer. Meneze joined the firm from the [...]