AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Diageo Prepares to Replace CEO Amid Falling Sales and Investor Concerns
ByAinvest
Wednesday, Jul 16, 2025 7:22 am ET1min read
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/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet