Diageo CEO steps down

17 Jul 2025

Debra Crew stepped down as CEO of Diageo after a challenging tenure marked by a significant drop in Latin America sales and declining volume sales amid volatile macroeconomic conditions. Nik Jhangiani, previously CFO, has taken over as interim CEO while the board searches for a new leader. Despite a 43% share price decline since June 2023, analyst Verushka Shetty views Diageo's diverse brand portfolio as a strength and considers the shares undervalued, suggesting a buying opportunity. Diageo remains focused on cash generation and portfolio streamlining to secure future growth.

Read full article at Beverage Daily