| Mon 21 Nov 2011, 10:00 | | BTI - British American Tobacco p.l.c. - Management Board Retirement and |
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BTI
BTI
BTI - British American Tobacco p.l.c. - Management Board Retirement and
Appointments 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")
Management Board Retirement and Appointments
at British American Tobacco
Michael Prideaux, Corporate & Regulatory Affairs Director (CORA), has informed
the Board of his intention to retire with effect from 30 June 2012.
Nicandro Durante, Chief Executive, British American Tobacco, said: "Michael has
had an outstanding career with the Group lasting over 23 years, 14 of which have
been as a Management Board member. I am pleased to say that Michael has agreed
to stay on in a consultancy capacity after his retirement.
"Michael began his career in the Group with B.A.T Industries in 1989.
Throughout the1990s, as Director of Group Public Affairs, Michael had a key role
in managing the challenges posed by financial services and then preparing
British American Tobacco for life as a publicly quoted tobacco company. In 1998
Michael joined the Management Board as CORA Director.
"The 2000s saw Michael addressing British American Tobacco`s reputation,
representing the Company in numerous TV interviews, transforming CORA`s
priorities, with an increasing focus on Regulation, and building alliances with
third parties. Ten years in the Dow Jones Sustainability Indexes is a testament
to his achievement.
"I and the Management Board would like to thank Michael for his dedicated
support of the business over the past 23 years. We all wish Michael a long and
happy retirement.
New Management Board Appointments
"I am pleased to announce the appointment of Kingsley Wheaton, David O`Reilly,
and Naresh Sethi to the Management Board. They will all report to me.
"Kingsley is appointed Director, Corporate & Regulatory Affairs (CORA), with
effect from 30 June, 2012 when Michael Prideaux retires. Kingsley will become
Deputy CORA Director and sit on the Management Board with effect from 1 January,
2012.
"David is appointed Group Scientific Director and Naresh appointed Director,
Group Business Development, two new positions on the Management Board, with
effect from 1 January, 2012.
"The two new appointments reflect our focus on science based business
development and our commitment to a strategy that meets the needs of consumers
and promotes the responsible use of tobacco. In line with this strategy,
Mergers & Acquisitions will report to Naresh as part of Business Development and
Nicoventures, our start-up company focussing on innovative regulatory approved
nicotine products, will report to Kingsley.
"Kingsley is currently the Global Brand Director responsible for Kent and Vogue.
He joined the Group in 1996 and has held a number of roles in Marketing. He was
Marketing Director in Nigeria and Russia, before becoming General Manager in
Russia, one of the Group`s most significant businesses.
"David who is currently Head of Group Research & Development (GR&D) has been
with British American Tobacco for over 20 years and has held various positions
in GR&D. He has lead the Group`s R&D efforts to develop reduced toxicant
products and has also been Head of International Public Health & Scientific
Affairs, responsible for engagement with the scientific, medical and public
health communities.
"Naresh, Group Head of Strategy & Planning, has 22 years of experience in the
tobacco industry, having held various Marketing roles in India, Indonesia, West
Africa and Australasia before moving to Japan. He was Marketing Director in
Japan and subsequently the Group`s General Manager there.
"I should like to welcome Kingsley, David and Naresh to the Management Board. I
am confident that Kingsley will make an excellent successor to Michael Prideaux
and that David and Naresh will bring important additional dimensions to our
strategic direction."
ENQUIRIES
British American Tobacco Press Office
Kate Matrunola / Catherine Armstrong
+44 (0) 20 7845 2888 (24 hours)
Investor Relations
Ralph Edmondson / Mike Nightingale / Rachael Brierley / Maya Farhat
+44 (0) 20 7845 1180 / 1206 / 1519 / 1977
Monday, 21 November 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 21/11/2011 10:00:01 Produced by the JSE SENS Department.
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