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

Last Updated: Sunday, August 17, 2014, 19:33

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.

Indian-origin Ivan Menezes named Diageo CEO

Last Updated: Tuesday, May 07, 2013, 17:49

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.