Diageo insider to replace Walsh as chief executive
Chief operating officer Ivan Menezes will replace Paul Walsh, who is stepping down after 13 years, the maker of Bushmills whiskey and Tanqueray gin said.
The value of Diageo has tripled under Mr Walsh but the firm has struggled recently in some of its attempts to make acquisitions in emerging markets. Diageo was formed in 1997 by a merger of Grand Metropolitan and Guinness.