Adams Named Executive Vice President and Chief Financial Officer of Reynolds American; Neal to Resign in 2008
December 04 2007 - 4:06PM
PR Newswire (US)
WINSTON-SALEM, N.C., Dec. 4 /PRNewswire-FirstCall/ -- Dianne M.
Neal, executive vice president and chief financial officer of
Reynolds American Inc. (NYSE:RAI) has announced her plan to resign
in March 2008. The company announced that Thomas R. Adams,
currently senior vice president and chief accounting officer of
Reynolds American, will replace Neal as RAI's executive vice
president and chief financial officer, effective January 1, 2008.
"Reynolds American is an excellent company with a great future and
I have thoroughly enjoyed my 20-year career here," Neal said.
"However, I am looking forward to spending more time with my
family, and focusing more of my energy on the corporate boards and
community organizations with which I am active. "Tom Adams is
tremendously talented, committed to RAI's long-term success, and I
am confident that I am leaving the CFO role in good hands," Neal
said. "Dianne played a pivotal role in the shaping and success of
Reynolds American," said Susan M. Ivey, RAI's chairman and chief
executive officer. "Her leadership has enabled RAI to achieve the
excellent financial position it enjoys today and we wish her all
the best," she said. "Over the years, Tom has held several key, and
diverse, roles in the company. His thorough knowledge of the
business and its future growth strategies place him in an excellent
position to help take Reynolds American's success to the next
level." Adams, 57, joined the organization in 1999 as senior vice
president and controller of both R.J. Reynolds Tobacco Holdings,
Inc. and R.J. Reynolds Tobacco Company. He was named senior vice
president and chief accounting officer for both those companies in
2004, and in 2006, was named senior vice president of business
processes. He assumed his current role in March 2007. From 1985 to
1999, Adams was a partner at Deloitte & Touche LLP. He is a
member of the board of directors of Technology Concepts &
Design, Inc.; the Old Hickory Council of the Boy Scouts of America;
and the board of commissioners of the Housing Authority of the City
of Winston-Salem. Replacing Adams as senior vice president and
chief accounting officer will be Frederick W. Smothers, 44.
Smothers joined RAI in 2007 as vice president and controller.
Smothers had previously worked as an independent consultant for
ATRS Consulting, and worked for 16 years, including four years as a
partner, for the accounting firm of Deloitte & Touche LLP.
Neal, 48, joined R.J. Reynolds Tobacco Company in 1988 as a process
manager in that company's coupon redemption center, and held a
number of financial management positions at the company thereafter.
In 1997, she was promoted to vice president and controller of
Reynolds Tobacco. In 1999, she was promoted to vice president of
investor relations for R.J. Reynolds Tobacco Holdings, Inc., which
was the public parent company of Reynolds Tobacco at that time. She
was named executive vice president and chief financial officer of
R.J. Reynolds Tobacco Holdings in 2003, and executive vice
president and chief financial officer of Reynolds American in 2005.
She is a member of the board of directors of LandAmerica Financial
Group, Inc. and Metavante Technologies, Inc. and of the Reynolda
House Museum of American Art. ABOUT US Reynolds American Inc.
(NYSE:RAI) is the parent company of R.J. Reynolds Tobacco Company;
Conwood Company, LLC; Santa Fe Natural Tobacco Company, Inc; and
R.J. Reynolds Global Products, Inc. * R.J. Reynolds Tobacco
Company, the second-largest U.S. tobacco company, manufactures
about one of every three cigarettes sold in the country. The
company's brands include six of the 10 best-selling U.S. brands:
Camel, Kool, Pall Mall, Winston, Salem and Doral. * Conwood
Company, LLC is the nation's second-largest manufacturer of
smokeless tobacco products. Its leading brands are Kodiak, Grizzly
and Levi Garrett. Conwood also sells and distributes a variety of
tobacco products manufactured by Lane, Limited, including
Winchester and Captain Black little cigars, and Bugler
roll-your-own tobacco. * Santa Fe Natural Tobacco Company, Inc.
manufactures Natural American Spirit cigarettes and other
additive-free tobacco products. * R.J. Reynolds Global Products,
Inc. manufactures, sells and distributes American-blend cigarettes
and other tobacco products to a variety of customers worldwide.
Copies of RAI's news releases, annual reports, SEC filings and
other financial materials are available at
http://www.reynoldsamerican.com/. DATASOURCE: Reynolds American
Inc. CONTACT: Maura Payne, Reynolds American Inc., +1-336-741-6996
Web site: http://www.reynoldsamerican.com/ http://www.rjrt.com/
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