Guinness Maker Diageo Appoints Its First Female CEO
DiageoPLC named Debra Crew as its next chief executive, tapping an internal candidate to succeed longstanding leader Ivan Menezes at the helm of the alcoholic beverage company.
The London-based maker of Johnnie Walker Scotch whisky, Guinness stout and Smirnoff vodka said Tuesday that Ms. Crew, currently Diageo’s chief operating officer, would take over from Mr. Menezes on July 1. In becoming CEO, she adds to the handful of women that lead one of Britain’s biggest companies.
One challenge now facing Ms. Crew is ensuring drinkers continue to splash out on Diageo’s more expensive lineup in the tougher economic environment. Some data has pointed to a slowdown in growth for costlier spirits and wine as shoppers look to economize.
Diageo also faces a challenge in North America, its largest market, where the company recently reported worse-than-expected first-half sales growth and gave a cautious outlook.
Ms. Crew joined Diageo as a nonexecutive director in April 2019, before stepping down from the board the following year to lead the company’s business in North America, its largest market. She was promoted to chief operating officer in October 2022.
Before joining the booze giant, Ms. Crew previously served as CEO of Reynolds American, Inc., held various senior roles at PepsiCo, Inc. and before that had stints at Kraft Foods, Nestle SA and Mars Inc.
Related news
Diageo spices up Captain Morgan cocktails
The brand best known for its spiced rum is leaning…
Read more >Ideas from Hungarian youth are also welcome: Nestlé and UNESCO launch a joint global mentoring program for a sustainable future
Nestlé and UNESCO have announced a global partnership to support…
Read more >Hefty raw material price hike for chocolates
Domestic chocolate tablet and bar producers continue to keep a…
Read more >Related news
The BioTechUSA group was able to grow despite market challenges
The purely domestically owned BioTechUSA group has published its annual…
Read more >More than 13 tons of donations were collected at the joint Easter campaign of NOE and CBA
More than 13 tons of donations were collected during the…
Read more >MOHU supports Easter redemption with increased capacity
As the holidays approach, store traffic is expected to increase,…
Read more >