Try GOLD - Free
CEO at drinks giant Diageo to go amid sales and share price slump
The Journal
|July 17, 2025
DIAGEO is to replace CEO Debra Crew just over a year into her tenure as the drinks giant struggles to regain investor confidence following a turbulent period marked by falling sales and a sharp decline in its share price.
The FTSE 100 giant has confirmed that Crew has quit with immediate effect and will be replaced on an interim basis by the embattled drinks group’s finance boss Nik Jhangiani.
The company behind Johnnie Walker and Guinness said yesterday that its board had kicked off a “comprehensive formal search process” for a new chief executive.
The Financial Times first reported the move, with shares in the company later rising as much as 4.3% after Crew’s exit was confirmed.
This story is from the July 17, 2025 edition of The Journal.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Journal
The Journal
Inspired Bruno drives through illness barrier
BRUNO Guimaraes battled through illness to keep his place in the starting lineup for Newcastle United's 2-0 win against Athletic Club in the Champions League.
1 min
November 07, 2025
The Journal
Payne inquest delayed for eyewitness reports
A CORONER will seek full reports and eyewitness statements before a final inquest into the death of former One Direction star Liam Payne, a pre-inquest review has heard.
1 min
November 07, 2025
The Journal
Bowen to lead charge of Rhino
OLIVER Greenall and Josh Guerriero have called on the services of champion jockey Sean Bowen, as they look to land another knockout blow in the Grand Sefton Handicap Chase with White Rhino.
2 mins
November 07, 2025
The Journal
'Dangerous' A1 must be dualled, say councillors
COUNCILLORS in Northumberland have once again called for the A1 to be dualled over a year after the project was scrapped.
2 mins
November 07, 2025
The Journal
Newcastle success hinges on wide men - Krul
NEWCASTLE United need their wingers to ‘click’ into gear in the Premier League if they are to replicate their excellent Champions League form domestically.
1 min
November 07, 2025
The Journal
Sorry Mr Lauren, it'll be cheap and cheerful for us
We are knee-deep in November now.
2 mins
November 07, 2025
The Journal
THE UK'S MOST HAUNTED PLACES
HENRY Tudor's bodyguards are said to be among the poltergeists, phantoms, and ghouls lurking in Britain's most haunted place.
2 mins
November 07, 2025
The Journal
GUNNERS MUST HIT 90 POINTS FOR TITLE
JOLEON LESCOTT says Arsenal must hit 90 points to win the Premier League.
1 min
November 07, 2025
The Journal
Bright Barnes, Gordon woe and Mags move up
NEWCASTLE United continued their excellent start to their Champions League campaign with a comfortable 2-0 win over Athletic Bilbao at St James’ Park.
3 mins
November 07, 2025
The Journal
Ban smartphones in class, urges councillor
PUPILS in Northumberland should be banned from having their smart-phones while in school due to fears it is hampering their concentration, a councillor has said.
2 mins
November 07, 2025
Listen
Translate
Change font size