Debra Crew resigned as the Chief Executive Officer of Diageo by mutual agreement following a challenging period marked by lackluster financial performance, sliding consumer demand in key markets like Latin America, and severe pressure from dissatisfied investors. Her tenure coincided with a major post-pandemic inventory miscalculation in Latin America that triggered a shock profit warning, alongside broader headwinds from high inflation and interest rates that dampened discretionary spending on spirits. Amid falling share valuations and abandoned mid-term sales targets, the board initiated leadership changes, installing finance chief Nik Jhangiani as the interim CEO to spearhead a massive cost-cutting and business turnaround strategy.