Analysis-Diageo’s new CEO needs actions, not just words
By Emma Rumney
LONDON (Reuters) -Diageo’s new interim CEO Nik Jhangiani has charmed investors with his cool confidence and clear communication, in contrast to his predecessor who struggled to win over the company’s shareholders during her short term.
But whoever takes on the full-time leadership of the world’s top spirits maker will inherit challenges that will take more than words to address.
Diageo announced Debra Crew was stepping down with immediate effect on Wednesday after just two years leading the company – a period in which its shares fell 44% amid a sector-wide downturn.
Four investors, including one top 20 shareholder, told Reuters that Jhangiani, who joined Diageo as chief financial officer in September,…
