Diageo CEO steps down amid tariff challenges, interim CFO takes over ...Middle East

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The company did not disclose specific reasons for her exit but cited mutual agreement.

The announcement comes months after Diageo warned of financial strain due to US tariffs, estimating a $150 million impact.

Crew was expected to outline further details in the upcoming full-year results on August 5.

Diageo assured investors that its financial outlook for 2025-26 remains unchanged despite leadership changes.

The company’s 2023-24 results showed a 13% profit decline, driven by weaker demand in Latin America and the Caribbean.

Her tenure focused on stabilizing operations amid global disruptions. – AFP

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