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Shake-Up Ahead? Diageo Considers CEO Change to Quench Investor Concerns

Updated: July 16, 2025 17:15

Image Source : Znaki FM

Diageo PLC is reportedly preparing to replace CEO Debra Crew amid mounting investor concerns and a sharp decline in share price. Crew, who took over in June 2023 following the sudden death of Ivan Menezes, has faced criticism over strategic missteps and falling alcohol sales.

Key Highlights:

- The board is actively searching for a new chief to lead a turnaround

- CFO Nik Jhangiani is being considered as a potential interim CEO

- Crew’s tenure saw a 43% drop in Diageo’s stock and scrapped growth targets

Strategic Context:

- Diageo has struggled with post-pandemic demand shifts and structural concerns in alcohol consumption

- A $500 million cost-cutting plan and potential asset disposals were announced in May

- Investors remain divided on whether the downturn is cyclical or operational

Market Reaction:

- Diageo shares rose 2.8% following the report, signaling cautious optimism

- Analysts expect swift action to restore confidence and stabilize performance

Sources: Financial Times, Economic Times, Alliance News, Benchmark Beat.

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Key Highlights Kanpur district has kicked off Groundwater Awareness Week, which will last from July 16 through 22, as a collective effort to bring citizens, institutions, and government agencies together for improved water management. The initiative is an immediate response to local apprehensions of dwindling aquifers in the region and seeks to educate, motivate, and involve the community through practical conservation measures and awareness drives. Community-Based Engagement and Educational Activities District Magistrate Jitendra Pratap Singh pointed out that all the government departments, local educational institutions, colleges, and schools are involved in the observance. Various activities—workshops, seminars, quiz competitions, and field visits—are being organized to enhance public awareness about groundwater's vital role in daily life. The event's core message, "If water is safe then tomorrow is safe," resonates through school curricula and public exhibitions, with rainwater harvesting, recharge pits, rejuvenation of traditional ponds, and drip/sprinkler irrigation showcased as achievable solutions. Groundwater Conservation Successes and Solutions Kanpur's recent prosperity has its roots in a state-level commitment: over the past seven years, 34 development blocks in Uttar Pradesh have overcome long-standing water scarcity through composite interventions. Some of the key strategies include construction and rejuvenation of ponds for recharging aquifers, constructing check dams, and promoting water-conserving agriculture practices such as drip and sprinkler irrigation. Successful enforcement of the Uttar Pradesh Groundwater (Management and Regulation) Act 2019 has facilitated stricter regulation, monitoring, and sustainable extraction, with every district constituting a special Groundwater Management Council. Success stories like the Noon River revival—the revival of a historically significant 48-km river in Kanpur through a mix of community initiative, satellite mapping, afforestation, and pollution control—underscore the transforming potential of collaborative citizen and government effort. Jal Shakti Abhiyan and Statewide Momentum The Jal Shakti Abhiyan-VI, which was started in March 2025, also continues to complement these initiatives by focusing on people's involvement in water conservation, water body rejuvenation, and rainwater harvesting initiatives. Through years of collaborative efforts, Kanpur endeavors to stimulate behavior change at the grassroots level, guarantee future water security, and serve as a role model for other districts facing similar challenges. Sources: Times of India, Instagram, CGWB

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