| Thu 24 Jun 2010, 8:00 | | BTI - British American Tobacco p.l.c. - Board Succession at British American |
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BTI
BTI
BTI - British American Tobacco p.l.c. - Board Succession at British American
Tobacco
British American Tobacco p.l.c.
Incorporated in England and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
("British American Tobacco p.l.c." or "the Company")
Board Succession at British American Tobacco
Nicandro Durante will become Chief Executive of British American Tobacco plc
on the retirement of Paul Adams at the end of February 2011 aged 57. In
anticipation of his new role, Nicandro will become Chief Executive Designate
on 1 September 2010. He will be succeeded in his current role as Chief
Operating Officer by John Daly, also on 1 September 2010.
From the same date, Ben Stevens, 50, Finance Director, will take on the
additional role of Chief Information Officer, which is of key importance in
transforming the Group as it becomes a more integrated global business.
Nicandro, 53, who is Brazilian/Italian, joined British American Tobacco in
1981 and his major appointments have included Director, Africa and Middle
East, President of Souza Cruz and other senior management roles in Brazil,
the UK and Hong Kong. John, 53, who is Irish, has been Director, Asia
Pacific since 2004, having joined the Group in 1994. He held a number of key
roles in Europe and the Far East before becoming Area Director for the Middle
East and North Africa in 2001.
On the Management Board, John will be succeeded as Regional Director, Asia
Pacific by David Fell, 49, who will move from his role as Director, Eastern
Europe. David will be succeeded by Des Naughton, 43, currently Regional Head
of Marketing, Africa and Middle East. Des, who is British, joined the Group
in 1995 and has held a wide range of senior management roles.
In addition to these executive appointments, Kieran Poynter, formerly the
Chairman and Senior Partner at PricewaterhouseCoopers LLP, will become a Non-
Executive Director with effect from 1 July 2010.
Richard Burrows, Chairman of British American Tobacco, said: "Paul Adams is
an outstandingly successful Chief Executive and the Group`s results under his
leadership really do speak for themselves. I thank him for everything he has
achieved in the development and execution of British American Tobacco`s
consistent strategy for building shareholder value and wish him all the best
for the future.
"The Board is naturally delighted to have been able to choose such a strong
and experienced internal candidate as Chief Executive and I am confident that
Nicandro will become a worthy successor to Paul. I congratulate Nicandro,
Ben, John, David and Des on their new roles.
"It also gives me great pleasure to welcome Kieran Poynter to the Board as a
Non-Executive Director. His deep knowledge of the City will bring additional
strength to the Board."
Paul Adams said: "It`s been a great nine years, two as Managing Director and
seven as Chief Executive. I feel privileged to have led such a strong
management team but this is the right time to make a change, both for me and
for the Company. I`m very pleased that Nicandro has been chosen as Chief
Executive and I hope that he finds the role as fulfilling as I have."
Nicandro Durante said: "It is an honour to succeed Paul and I am confident
that our proven strategy, focused on growth, productivity, responsibility and
developing a winning organisation, will continue to serve shareholders very
well."
Nicky Snook
Company Secretary
British American Tobacco p.l.c.
ENQUIRIES
Press Office
Christina Dona, Kate Matrunola, Catherine Armstrong +44 (0) 20 7845 2888
Investor Relations
Ralph Edmondson +44 (0) 20 7845 1180 or Maya Farhat +44 (0) 020 7845 1977
24 June 2010
Sponsor: UBS South Africa (Pty) Ltd
Date: 24/06/2010 08:00:03 Produced by the JSE SENS Department.
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