New York, July 17 -- Diageo, the world's biggest spirits maker, announced that its CEO Debra Crew has stepped down by "mutual agreement" after being in the role for just two years.
The abrupt change comes amidst sluggish sales across the alcohol industry, which has also affected Diageo brands -- Johnnie Walker whisky, Casamigos tequila and Guinness beer, as well as the threat of increased tariffs from the United States, reports CNN.
In a press release issued yesterday, the London-based company said Crew is leaving with "immediate effect."
Nik Jhangiani, Diageo's chief financial officer, will become the interim CEO as Diageo conducts a "comprehensive" search process.
Sir John Manzoni, Diageo's board chairman, thanked Crew for "steering t...