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Diageo's Indian-origin CEO gets pay cut; no hike this year too

Leading spirits maker Diageo's Indian-origin CEO, Ivan Menezes, has seen his pay package decline in his first year on the top post and would not get any salary hike in the second year as well.

Diageo's Indian-origin CEO to get up to Rs 105-cr pay package

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.

Indian-origin Ivan Menezes named Diageo CEO

The Britain-based, world's biggest spirits group and maker of brands like Smirnoff vodka, Johnnie Walker scotch and Guinness beer, said in a statement Tuesday that Menezes would take over as CEO with effect from July 1 this year.