TIDMBATS
RNS Number : 4569K
British American Tobacco PLC
14 December 2018
For immediate release: 14 December 2018
BRITISH AMERICAN TOBACCO ANNOUNCES MANAGEMENT BOARD CHANGES
In order to accelerate the implementation of our established and
successful strategy, the following new Management Board roles will
be created:
i) Director, New Categories. This role, reporting directly to
the Chief Marketing Officer, will have end-to-end accountability
for driving growth, innovation, world-class brand building and
consumer insights for our potentially reduced-risk products
(PRRPs).
ii) Director, Digital and Information. This role, reporting
directly to the CEO, will be responsible for driving digital
transformation across the Group and further enhancing our digital
consumer experience capabilities.
These changes will take effect from 1 January 2019.
In addition, the roles of Chief Operating Officer and Group
Business Development Director will cease to exist and all four
regions (USA, Europe and North Africa, Asia-Pacific and Middle East
and Americas and Sub-Saharan Africa) will report directly to the
CEO.
In the light of the above, the following appointments and other
changes will be made:
Paul Lageweg will be appointed as Director, New Categories.
Paul, currently Regional Marketing Manager, Asia-Pacific and Middle
East, has been with the Group for 13 years in various senior roles
including Area Director, East Asia and Global Head of Marketing
Futures. Before that he held senior marketing roles in Unilever and
Kimberly-Clark.
Marina Bellini will be appointed as Director, Digital and
Information. Marina, currently Chief Information Officer, joined
BAT in 2018 having previously served as Global CIO and Global
Business Services SVP at Anheuser-Busch InBev where she was
responsible for their information technology transformation,
including consumer digital marketing.
Tadeu Marocco, currently Regional Director, Europe and North
Africa, will be appointed to a new Management Board role, Director,
Group Transformation - effective 1 January 2019. This role will
work closely with the CEO Designate in this key phase of our
transformation, to simplify our structure and processes.
Johan Vandermeulen, currently Regional Director, Asia-Pacific
and Middle East, will succeed Tadeu as Regional Director, Europe
and North Africa - effective 1 January 2019.
Guy Meldrum will be appointed to succeed Johan as Regional
Director, Asia-Pacific and Middle East - effective 1 January 2019.
Guy, currently Area Director, Australasia Area, has worked for BAT
for 26 years, previously holding several senior roles in the Group
including Area Director, North Asia Area and Marketing Director,
Russia
Hae In Kim will be appointed as Director, Talent and Culture
Designate on 1 January 2019 and will succeed Giovanni Giordano,
currently Group Human Resources Director, on 1 April 2019. She is
currently Group Head of Talent and Organisational Effectiveness and
previously held several other senior HR roles including Regional HR
Director Asia-Pacific and HR Director Japan and North Asia. Before
that she gained experience in Samsung, IBM Consulting Services and
PwC.
During Giovanni's eight years as Group HR Director he has built
a world-class HR team and made great progress in building the
capabilities required to enable the acceleration of our
transformation ambition.
Naresh Sethi, currently Group Business Development Director,
will leave the company at the end of Q2 2019 having handed over
responsibility at Board level for IT to Marina and for Global
Business Services and his other areas of responsibility to Tadeu.
Naresh has had a highly successful 18-year career at BAT in
marketing, General Management and as Regional Director of what was
then our Western European Region.
Commenting on these changes:
CEO, Nicandro Durante, said: "We have an established and
successful strategy to transform our business and the new roles we
are announcing today will enable us to execute this strategy better
and faster. Naresh and Giovanni have been instrumental in the
success of our transformation to date and I would like to thank
them both for their leadership and significant contributions to the
Group and wish them all the best for the future."
CEO Designate, Jack Bowles, said: "This is an exciting time for
BAT and it is important that the skill set and focus of the
Management Board evolves to reflect the environment we are
operating in today. The diversity, expertise and experience that
Paul, Marina, Hae In and Guy will bring, together with the depth of
experience of the existing Management Board, will be key to enable
us to accelerate the transformation of our business and capitalise
on the great opportunities that lie ahead of us."
About British American Tobacco
British American Tobacco is one of the world's leading,
multi-category consumer goods companies, providing tobacco and
nicotine products to millions of consumers around the world.
It employs over 55,000 people, with market leadership in over 55
countries and factories in 42. Its Strategic Portfolio is made up
of its global cigarette brands and an increasing range of
potentially reduced-risk products, comprising vapour and tobacco
heating products, as well as oral tobacco and nicotine products
such as moist snuff and snus.
In 2017 the Group generated reported revenue of GBP20 billion
and profit from operations of GBP6.5 billion. In July 2017, British
American Tobacco p.l.c. acquired the remaining 57.8% of Reynolds
American Inc. that BAT did not already own, creating a stronger,
global tobacco and nicotine company.
Enquiries
Press Office
+44 (0) 20 7845 2888 (24 hours) | @BATPress
Investor Relations
Mike Nightingale / Rachael Brierley / John Harney
+44 (0) 20 7845 1180 / 1519 / 1263
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END
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