Ivan Menezes has acquired an extra US$1m of Diageo stock

Ivan Menezes has acquired an extra US$1m of Diageo stock

The CEO of Diageo has added to his personal stake in the company by buying an extra US$1m-worth of shares.

In a filing yesterday (3 February), the London-headquartered group reported that, late last week, Ivan Menezes purchased 8,500 of the firm's American depository shares at an average price per share of $118.32. Menezes, who replaced Paul Walsh as head of the group last July, now has 633,802 of the company's ordinary stock as a result of the trade. 

Diageo's share price slid to a 15-month low last week after disappointing the market with its half-year figures, as sales growth slowed. 

To read a just-drinks profile of Menezes, click here.