Diageo (DGE.L, DEO) announced the appointment of Ivan Menezes as Chief Executive with effect from July 1. Paul Walsh, who will step down from the Board at the September 2013 Annual General Meeting, will retire from the company on 30 June 2014.
The company said, in the last 12 months, Paul Walsh will focus on transitioning critical partner and external relationships to Ivan, which will include those relationships essential to recent acquisitions.
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