Diageo CEO Debra Crew steps down due to declining alcohol sales and weak investor sentiment, Financial Times reports. Finance chief Nik Jhangiani becomes interim CEO while the board searches for a permanent successor. This move comes after a period of pressure on the company’s share price.

In a recent development, Diageo announced the immediate departure of chief executive Debra Crew. The decision was influenced by a downturn in alcohol sales and investor confidence. Nik Jhangiani, the finance chief, will serve as interim CEO as the board begins the search for a new permanent leader.

Read more at Yahoo Finance: Diageo CEO Debra Crew steps down, FT reports