July 16, 2025

Diageo CEO Debra Crew Steps Down

Diageo confirmed it has parted ways with CEO Debra Crew by mutual agreement, with CFO Nik Jhangiani stepping in as interim CEO. The move follows reports that the board was preparing a leadership change after recent sales challenges, particularly in Latin America and the Caribbean.

Since Crew became CEO, Diageo’s shares have fallen by 44% as the company has dealt with worldwide economic obstacles like inflation. Diageo is now implementing a turnaround strategy focused on cutting costs by $500 million and selling some significant assets by 2028.

Diageo’s board, led by Chairman Javier Ferran, has started the search for Crew’s successor. Market analysts consider Jhangiani a strong candidate, but note that resolving Diageo’s challenges will take time.

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