Ivan Menezes is the name of the Indian-Origin Diageo’s CEO who is getting the annual pay package of up to 10.9 million British Pounds or around 105 crore Rupees. He became the Chief Executive Officer of Spirits Company Diageo on 7 May 2013.
“Ivan Menezes” is the name of Indian-Origin Diageo’s CEO to Get 105 Crore Rs Annual Pay Package he is 53-year-old, studied at premier Indian educational institutions like St Stephen’s College and IIM-Ahmedabad besides Kellogg School of Management in the US, Prior to joining Diageo, “Ivan Menezes” held senior positions with giants like Nestle, Booz Allen Hamilton and Whirlpool. Diageo, which owns brands like Johnnie Walker, Smirnoff, Baileys and Guinness, recently acquired a significant stake in India’s leading liquor firm United Spirits from Vijay Mallya- led UB group in a deal worth over USD 2 billion. The world’s largest spirits maker Diageo Plc has proposed an annual pay package of up to 10.9 million British pound (about Rs 105 crore) for its newly appointed, Indian-origin, CEO “Ivan Menezes”.Menezes, who has been with UK-headquartered Diageo for about 13 years, was paid total remuneration of 7.8 million pounds (Rs 75 crore) in the last financial year ended June 30, 2013 when he served as Chief Operating Officer.Upon his promotion as CEO with effect from July 1, he has been given an 8.6 per cent hike in base salary to one million pounds (about Rs 9.6 crore) and would be entitled to further benefits totalling up to 9.9 million pounds (Rs 95 crore) a year.
eAnswers Team
Ivan Menezes is the name of the Indian-Origin Diageo’s CEO who is getting the annual pay package of up to 10.9 million British Pounds or around 105 crore Rupees. He became the Chief Executive Officer of Spirits Company Diageo on 7 May 2013.
H.P.Dubey
“Ivan Menezes” is the name of Indian-Origin Diageo’s CEO to Get 105 Crore Rs Annual Pay Package he is 53-year-old, studied at premier Indian educational institutions like St Stephen’s College and IIM-Ahmedabad besides Kellogg School of Management in the US, Prior to joining Diageo, “Ivan Menezes” held senior positions with giants like Nestle, Booz Allen Hamilton and Whirlpool. Diageo, which owns brands like Johnnie Walker, Smirnoff, Baileys and Guinness, recently acquired a significant stake in India’s leading liquor firm United Spirits from Vijay Mallya- led UB group in a deal worth over USD 2 billion. The world’s largest spirits maker Diageo Plc has proposed an annual pay package of up to 10.9 million British pound (about Rs 105 crore) for its newly appointed, Indian-origin, CEO “Ivan Menezes”.Menezes, who has been with UK-headquartered Diageo for about 13 years, was paid total remuneration of 7.8 million pounds (Rs 75 crore) in the last financial year ended June 30, 2013 when he served as Chief Operating Officer.Upon his promotion as CEO with effect from July 1, he has been given an 8.6 per cent hike in base salary to one million pounds (about Rs 9.6 crore) and would be entitled to further benefits totalling up to 9.9 million pounds (Rs 95 crore) a year.