REG - Diageo PLC - Diageo announces CEO departure and succession plan

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RNS Number : 3367R  Diageo PLC  16 July 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

Diageo announces CEO departure and succession plan

 

Wednesday 16 July, London, UK

 

Diageo today announces 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 Diageo 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 19(th)
May 2025 in the Q3 Trading Statement, and Diageo will report its fiscal 2025
full year results on 5(th) August as planned.

 

John Manzoni, Chair, Diageo plc, said:

 

"On behalf of Diageo and the board, I would like to thank Debra for her
contributions to Diageo, including steering the company through the
challenging aftermath of the global pandemic and the ensuing geopolitical and
macroeconomic volatility. On behalf of all Diageo 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, is responsible for
arranging the release of this announcement on behalf of Diageo.

ENDS

 

For further information, please contact:

 

Media relations:

Brendan O'Grady                              07812 183750

Rebecca
Perry
07590 809101

Clare Cavana                                     07751
742072

press@diageo.com (mailto:press@diageo.com)
  +44 (0) 7803 856 200

 

Investor relations:

Sonya Ghobrial                            +44 (0) 7392 784784

Andy Ryan                                    07803 854842

Grace Murphy                               07514 726167

investor.relations@diageo.com (mailto:investor.relations@diageo.com)

 

About Diageo

Diageo is a global leader in beverage alcohol with an outstanding collection
of brands across spirits and beer categories. These brands include Johnnie
Walker, Crown Royal, J&B and Buchanan's whiskies, Smirnoff, Cîroc and
Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is a global company, and our products are sold in nearly 180 countries
around the world. The company is listed on both the London Stock Exchange
(DGE) and the New York Stock Exchange (DEO). For more information about
Diageo, our people, our brands, and performance, visit us at www.diageo.com.
Visit Diageo's global responsible drinking resource, www.DRINKiQ.com for
information, initiatives, and ways to share best practice.

Celebrating life, every day, everywhere.

 

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