Diageo Prepares to Replace CEO Amid Falling Sales and Investor Concerns
ByAinvest
Wednesday, Jul 16, 2025 7:22 am ET1min read
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/
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet