Drink giant’s big hangover
Diageo’s CEO Debra Crew has just departed after a rocky two-year tenure. Can her successor turn the group around? Matthew Partridge reports
Diageo’s CEO Debra Crew has just departed after a rocky two-year tenure. Can her successor turn the group around? Matthew Partridge reports
Sales of Guinness are “flying” among Britons in their 20s and 30s, says Daniel Woolfson in The Telegraph. So you would imagine that the CEO of Guinness’ owner Diageo, Debra Crew, has been “laughing her way to the bank. Instead, she’s out of a job”. Last week she left the world’s biggest drinks company “abruptly” after only two years in the post. Her exit follows a 45% fall in the share price during her tenure. A boom in the drinks sector during Covid was followed by disappointing results that “d...