Diageo CEO Debra Crew resigns amid stock plunge and sales challenges, CFO Nik Jhangiani appointed as interim leader

(Bloomberg) – Debra crew Chairman of the Diageo PLC Executive Officer resigned after the bruising run, where the company’s stock fell.

Guinness and Johnnie Walker Whisso’s manufacturer’s manufacturer Wednesday, the finance manager Nik Jhangiani was appointed as a temporary CEO and already a search to change Crew permanently, he said.

Diageo shares rose up to 4.4%, most of them since April. Since the crew took over in June 2023, the stock fell by 43% compared to Tuesday’s closing.

The term of office ended with mishaps, including a decline in cooling in China and the United States, and after being caught by inventory heaps that were not sold in Mexico and Brazil.

The company had to scrape a long -term medium -term sales target in February as a result of strengthening consumer trust in higher trade friction. Later, in May, Diageo said it would cost $ 500 million for three years during the supply chain, advertising and promotions and operating model. The company also continues its assets.

The 54 -year -old crew, a former boss of tobacco company Reynolds American Inc, was promoted to Diageo a month before the death of his predecessor Ivan Menezes. Pepsico Inc., Nestle SA and Mars Inc.

However, he took the Diageo rudder at a time when pushing smokers towards more expensive souls pushed to more expensive souls due to a pandemic cost of life. Recently, US President Donald Trump’s tariff war made operational challenges even more difficult.