Diageo Prepares to Replace CEO Amid Falling Sales and Investor Concerns
PorAinvest
miércoles, 16 de julio de 2025, 7:22 am ET1 min de lectura
DEO--
Crew's tenure has been marked by several challenging events, including a profit warning issued after the company was caught off guard by unsold inventory in Mexico and Brazil. Additionally, sales have dropped due to cooling demand in key markets such as China and the United States. The company has also seen a 43% decline in share price over the past year [2].
The board is currently searching for a replacement for Crew, with CFO Nik Jhangiani being considered as a potential interim CEO. Diageo had previously announced plans to cut $500 million in costs and make substantial asset disposals by 2028, aiming to turn around its performance and reduce debt [2].
The search for a new CEO comes as the company grapples with weaker demand post-pandemic and investor concerns over whether the downturn is cyclical or structural. Shares of Diageo rose as much as 3.7% following the announcement, indicating a positive market reaction to the potential change in leadership [1].
References:
[1] https://www.bloomberg.com/news/articles/2025-07-16/diageo-starts-search-for-new-ceo-to-replace-debra-crew-ft-says
[2] https://www.marketscreener.com/quote/stock/DIAGEO-PLC-4000514/news/Diageo-to-replace-CEO-Crew-Financial-Times-reports-50523257/
Diageo plans to replace CEO Debra Crew due to investor concerns and a sharp decline in share price and alcohol sales. The board is searching for a new CEO, with CFO Nik Jhangiani considered as a potential interim CEO. Crew's tenure has been marked by a profit warning, scrapped growth targets, and a 43% decline in share price. The company is struggling with weaker demand post-pandemic and investor concerns over whether the downturn is cyclical or structural.
Diageo Plc, the global spirits and beer company, has initiated a search for a new CEO to replace Debra Crew, who has been in the position since June 2023. The decision comes amidst investor concerns and a sharp decline in share price and alcohol sales, according to reports from the Financial Times [1].Crew's tenure has been marked by several challenging events, including a profit warning issued after the company was caught off guard by unsold inventory in Mexico and Brazil. Additionally, sales have dropped due to cooling demand in key markets such as China and the United States. The company has also seen a 43% decline in share price over the past year [2].
The board is currently searching for a replacement for Crew, with CFO Nik Jhangiani being considered as a potential interim CEO. Diageo had previously announced plans to cut $500 million in costs and make substantial asset disposals by 2028, aiming to turn around its performance and reduce debt [2].
The search for a new CEO comes as the company grapples with weaker demand post-pandemic and investor concerns over whether the downturn is cyclical or structural. Shares of Diageo rose as much as 3.7% following the announcement, indicating a positive market reaction to the potential change in leadership [1].
References:
[1] https://www.bloomberg.com/news/articles/2025-07-16/diageo-starts-search-for-new-ceo-to-replace-debra-crew-ft-says
[2] https://www.marketscreener.com/quote/stock/DIAGEO-PLC-4000514/news/Diageo-to-replace-CEO-Crew-Financial-Times-reports-50523257/
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