Tag: Diageo

Carnival Corporation Names Julia M. Brown to Newly-Formed Position of Chief Procurement Officer

Julia M. Brown
Julia M. Brown

Carnival Corporation, the world’s largest travel and leisure company, today named Julia M. Brown to the newly created role of Chief Procurement Officer (CPO) overseeing strategic sourcing and supplier relationship management.

As part of this new role, Brown will work closely with the company’s nine brands and their support groups  to strategically procure goods and services to further strengthen the company’s supplier relationships and leverage its global scale. 

“We are excited to have Julia join us as part of our global management team and take on this new role that will be critical in helping us further leverage our scale, accelerating our drive to double-digit returns on invested capital,” said Arnold Donald, president & CEO for Carnival Corporation. “I’ve had the opportunity to get to know Julia through our mutual association with the Executive Leadership Council, and she not only has an exceptional track record of leading procurement at companies with massive global operations, but also has a highly strategic and collaborative approach that will help us partner more closely with our suppliers to exceed guest expectations and drive value for the business.” 

RELATED: Arnold Donald, Carnival Corporation’s 1st Black CEO, Navigates Cruise Lines to $1.5 Billion in Profit

Brown most recently served as CPO on the global management team at Mondelēz International, which split from Kraft Foods in 2012.  Prior to the split, Brown served as CPO and SVP of global procurement at Kraft Foods, responsible for the company’s $30 billion strategic sourcing function. Prior to Kraft, she served as CPO and VP of corporate procurement and contract manufacturing at Clorox. Brown began her career at Procter & Gamble and also served in strategic roles at Diageo and Gillette.  

Brown is on the board for the Executive Leadership Foundation and also serves as a trustee for the African American Experience Fund, which is part of The National Park Service. She also serves as a board member for the Primo Center in Chicago.

Brown has been named as one of the top 100 most “Influential Blacks in Corporate America” by Savoy Magazine, the top 100 Women to Watch by Today’s Chicago Woman and listed in Black Enterprise’s Top 75 Most Powerful Women in Business.  

She received a Bachelor of Commerce from McMaster University in Hamilton, Canada. 

article by Lori Lakin Hutcherson (follow @lakinhutcherson)

Diddy Tops Forbes’ List of Richest Hip-Hop Artists

Puff Daddy walking out of Chateau Marmont Saturday night with a bottle of wine.

Sean “Diddy” Combs ranks No. 1 on this year’s Forbes Five, the magazine’s list of hip-hop’s wealthiest artists, with an estimated net worth of $580 million.

The bulk of the Bad Boy Records founder’s wealth comes from non-musical ventures, namely his deal with Diageo’s Ciroc. The agreement entitles him to eight-figure annual payouts and a nine-figure windfall if the brand is ever sold—and Ciroc’s value has never been higher.

“It is one of the fastest-growing brands within vodka,” says Jack Russo, an equity analyst at Edward Jones & Co. “Consumers are feeling a little bit better about their situation, and with that, they’re willing to spend more on premium products.”

The No. 2 spot goes to Shawn “Jay-Z” Carter, with a net worth of $475 million. He’s still rolling in cash from megadeals like his $204 million Rocawear sale in 2007 and his $150 million pact with Live Nation the following year. He continues to hold stakes in Roc Nation, Carol’s Daughter, the Brooklyn Nets—and, more significantly, the Barclays Center itself—while adding new partnerships with the likes of Duracell, Budweiser and Bacardi’s D’ussé Cognac.

Andre “Dr. Dre” Young ranks third with $350 million, thanks mostly to his Beats by Dr. Dre headphones. A year after selling 51% of the company to handset maker HTC for $300 million in August 2011, Dre and his partners bought back half of the half they sold in 2012—and their investment continues to soar in value due to Beats’ whopping 65% market share of the premium ($99 and up) headphone market.

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