Diageo has announced the replacement of its CEO, Debra Crew, after a challenging tenure characterized by insufficient market performance and investor concerns. Following a profit warning and disappointing sales in Latin America, Crew's leadership faced scrutiny. Nik Jhangiani, the chief financial officer, will serve as interim leader. Crew's appointment came after the death of the long-serving Ivan Menezes, but her period in charge has been marked by operational missteps. The company’s share price initially rose upon the news of her replacement.
Diageo is replacing CEO Debra Crew amid investor discontent over market performance. The company experienced a profit warning and issues in supply management.
Crew's time as CEO was marked by a significant profits warning shortly after her appointment, indicating unexpected sales declines in Latin America and the Caribbean.
Collection
[
|
...
]