Reynolds American Names New Chief Executives for Its Conwood and Santa Fe Natural Tobacco Company Subsidiaries
December 09 2008 - 9:02AM
PR Newswire (US)
WINSTON-SALEM, N.C., Dec. 9 /PRNewswire-FirstCall/ -- Reynolds
American Inc. (NYSE:RAI) today announced the appointment of new
chief executive officers for the company's Conwood Company, LLC and
Santa Fe Natural Tobacco Company, Inc. subsidiaries. The current
chief executives of those two subsidiaries plan to retire in 2009.
Bryan K. Stockdale, 50, has been named president and CEO of
Conwood, the nation's second-largest smokeless tobacco
manufacturer, effective Feb. 1, 2009. Stockdale will succeed
William M. Rosson, 60, who plans to retire after 34 years of
service at Conwood. Stockdale is currently senior vice president of
marketing operations for R.J. Reynolds Tobacco Company, Reynolds
American's largest subsidiary, and has worked for that company for
30 years. Rosson will remain with Conwood in an advisory role for a
period of time after Stockdale joins the company to ensure a smooth
transition. Nicholas A. Bumbacco, 44, has been named president and
CEO of Santa Fe Natural Tobacco Co., effective March 1, 2009.
Bumbacco will replace Richard M. Sanders, 55, who plans to remain
in an advisory transition position before retiring with 32 years of
service on July 1, 2009. Bumbacco is currently president and CEO of
RAI's R.J. Reynolds Global Products, Inc. subsidiary. Bumbacco has
20 years of experience in the global tobacco industry. RAI will be
transitioning the lines of business formerly managed by R.J.
Reynolds Global Products to other RAI subsidiaries, so no successor
to Bumbacco in his previous position will be named. "Reynolds
American is in a dynamic and exciting period of its history," said
Susan M. Ivey, chairman, president and CEO of Reynolds American.
"As we further develop our business model of becoming a total
tobacco company, we are fortunate to have two talented individuals
with extensive industry experience ready to take on leadership
roles at this pivotal time," she said. "Both Bill Rosson and Rick
Sanders have distinguished themselves in their leadership of their
respective companies, overseeing tremendous growth and expansion at
both businesses," Ivey said. "We sincerely thank both of them for
their decades-long commitment to their companies, their employees
and their consumers." 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 is
the second-largest U.S. tobacco company. The company's brands
include five of the 10 best-selling cigarettes in the United
States: Camel, Kool, Pall Mall, Winston 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, and manages and markets other
super-premium brands. -- R.J. Reynolds Global Products, Inc.,
directly or through others, manufactures, sells and/or distributes
American-blend cigarettes, including Natural American Spirit, and
other tobacco products to a variety of customers in selected
markets outside the United States. 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: Media, Maura Payne,
+1-336-741-6996; or Investor, Morris Moore, +1-336-741-3116, both
of Reynolds American Inc. Web site:
http://www.reynoldsamerican.com/
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