Wed, 16 Jul 2025

Wed, 16 Jul 2025 Boss of Guinness-owner Diageo suddenly steps down

Diageo boss Debra Crew steps down after board decision for her to go.

* Diageo CEO Debra Crew has stepped down immediately without a succession plan in place.
* Nik Jhangiani, chief financial officer, will take on her role temporarily.
* The board made the decision for Crew's departure and she agreed by mutual consent.
* Sales have been declining at Diageo despite strong demand for Guinness stout.
* Despite this, Guinness sales rose 13% over the last six months while other brands like Ciroc vodka and Captain Morgan's rum saw significant drops in sales.
* The company is struggling with changing drinking habits among younger people.
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