India, July 16 -- Diageo plc (DEO,DGE.L), a provider of alcoholic beverages, announced Wednesday 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.

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.

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