Diageo has announced that Debra Crew has stepped down as Chief Executive Officer and as a Board Director with immediate effect, by mutual agreement.
The Board has begun a comprehensive formal search process, which will include consideration of internal and external candidates.
Until a permanent appointment is made, Nik Jhangiani, Chief Financial Officer, will assume the role of Chief Executive Officer on an interim basis.
Debra Crew has led Diageo as Chief Executive Officer since June 2023, having joined as a non-executive director in 2019, then serving as President of Diageo North America and subsequently as Group Chief Operating Officer.
Guidance for fiscal 25 and 26 remains unchanged from what was shared on 19th May 2025 in the Q3 Trading Statement, and Diageo will report its fiscal 2025 full year results on the 5th of August as planned.
“On behalf of the company board, I would like to thank Debra for her contributions to the company, including steering the company through the challenging aftermath of the global pandemic and the ensuing geopolitical and macroeconomic volatility,” said John Manzoni, Chair, Diageo plc.
“On behalf of all colleagues, I wish her every success in the future. The Board’s focus is on securing the best candidate to lead Diageo and take the company forward. We strongly believe Diageo is well placed to deliver long-term, sustainable value creation.”
Randall Ingber, General Counsel & Company Secretary, was responsible for arranging the release of this announcement on behalf of the company.
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