Boss of Guinness-owner Diageo suddenly steps down

Published: 7/16/2025
Boss of Guinness-owner Diageo suddenly steps down
Guinness-owner Diageo's chief executive, Debra Crew, has abruptly stepped down amid declining sales, notably despite a surge in demand for Guinness. The company is now seeking a replacement, with CFO Nik Jhangiani temporarily taking over. Crew's sudden departure, without a succession plan, follows ongoing challenges with sales despite strong demand for certain brands. Such moves are attributed to the company's struggle to maximize shareholder returns amid evolving drinking habits among younger consumers.