US EditionDiageo to replace chief executive Debra Crew after share price slump
NO LOC, JUL 16 – Debra Crew's exit follows a 40% share price drop amid investor concerns over strategy and post-pandemic shifts in consumer drinking habits, with interim leadership appointed.
- Diageo's chief executive Debra Crew stepped down immediately on July 16, 2025, with CFO Nik Jhangiani acting as interim CEO at the London-based spirits firm.
- Crew took over as CEO in June 2023 after the death of long-time boss Ivan Menezes and faced shareholder pressure amid a sharp 44% fall in Diageo's share price during her tenure.
- Her leadership coincided with declining sales across Diageo's portfolio except for Guinness, which saw 13% net sales growth despite supply shortages and landlord criticism.
- In May 2023, Crew announced a three-year plan to cut $500 million in costs and consider asset sales, though some analysts viewed the strategy as insufficient to regain investor confidence.
- Diageo confirmed it maintains its fiscal 2025 and 2026 forecasts and is conducting a comprehensive CEO search to secure permanent leadership for sustained recovery.
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Diageo boss Debra Crew steps down after board decision for her to go.
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Total News Sources25
Leaning Left5Leaning Right1Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 42%
C 50%
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