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Ivan Menezes, CEO, Diageo
Since becoming the CEO of Diageo (DGE.L) in 2013, Ivan has been passionate about driving inclusion and diversity at the company.
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In 2020 he launched a new 10-year sustainability action plan titled ‘Society 2030: Spirit of Progress’.
The plan laid out goals including increasing the representation of ethnic minorities in leadership positions to 45% by 2030, as well as increasing the percentage of Diageo suppliers from female and minority-owned businesses year-on-year.
2020 also saw the roll-out of a new learning intervention ‘Confronting Racial Bias Learning’, and the opening of Diageo’s fourth global ‘INC’ week; an employee-led, grassroots movement encouraging employees around the world to celebrate diversity.
Underlying results are stated before exceptional and other items (see note 5) · Gross profit up £10.7m (31.3%) to £44.9m due to exceptional trading in Group Charter and Freight · Overall, the US contributed 39.6% to total Group gross profit · Underlying profit before tax of £11.6m, up £7.4m year on year (176.2%), driven by strong trading and cost saving measures · Statutory profit before tax of £8.4m · Basic EPS of 9.4p · Net cash (excluding JetCard cash) of £9.9m, from net debt of £6.9m at 31 January 2020 · Liquidity headroom of £24.4m, comprised of net cash (excluding JetCard cash), an undrawn RCF facility of £13.0m and £1.5m overdraft · Recommended final dividend of 1.6p per share (2020: 0.0p), making total of 2.4p per share for the whole year, up 33.3% on prior year (1.8p)