British American Tobacco Announce Management Change
November 20, 2014 11:09 am
British american Tobacco (BATS.L) today announced a series of management changes that will see current managing director of Nicoventures Des Naughton step down to focus on other ventures, this marks the end of nearly 20 years of working for the company. He is due to leave on 28th February 2015.
Chief Executive Officer, Nicandro Durante, commented, “We will miss Des’ passion for the business, strategic thinking and warmth of personality. Des has built a strong foundation for the Group for us to compete and win in Next Generation products. He, and the legacy he leaves, will be long remembered by his colleagues and friends in the company. On behalf of BAT, I thank Des for all he has done for the Group.”
At the same time, Des Naughton will be succeeded by Kingsley Wheaton, currently Group Corporate & Regulatory Affairs Director and will take on the role of Managing Director – Next Generation Products with effect from 1st January 2015.
Jerome Abelman, currently Assistant General Counsel – Corporate & Commercial will take on Kingsley Wheaton’s old role with effect from 1st January 2015.
Neil Withington, currently Group Legal Director & General Counsel has also signalled his intention to retire from the board of directors next year and will leave the group on 30th April 2015. Following Neil’s departure from the business, the Group’s Legal and Corporate & Regulatory Affairs functions will be integrated under Jerry Abelman’s leadership.
Paying tribute to Neil, Nicandro commented, “Neil’s farewell to the business comes after a distinguished 21 years with Group. Leading the Legal function he has been an outstanding General Counsel and a trusted advisor to the Board. Neil also leaves a very significant legacy and, on behalf of the entire organisation, I would like to thank Neil for all that he has achieved over his career with BAT.”
Further remarking on these moves, Nicandro added, “I am pleased to welcome Jerry to the Management Board. He will enhance the team with his substantial experience of the business and regulatory matters in particular. Furthermore, as Managing Director – Next Generation Products, Kingsley will bring the combination of his energetic leadership, marketing background and corporate affairs experience to this critical role.”
British american Tobacco (BATS.L) today announced a series of management changes that will see current managing director of Nicoventures Des Naughton step down to focus on other ventures, this marks the end of nearly 20 years of working for the company. He is due to leave on 28th February 2015.
Chief Executive Officer, Nicandro Durante, commented, “We will miss Des’ passion for the business, strategic thinking and warmth of personality. Des has built a strong foundation for the Group for us to compete and win in Next Generation products. He, and the legacy he leaves, will be long remembered by his colleagues and friends in the company. On behalf of BAT, I thank Des for all he has done for the Group.”
At the same time, Des Naughton will be succeeded by Kingsley Wheaton, currently Group Corporate & Regulatory Affairs Director and will take on the role of Managing Director – Next Generation Products with effect from 1st January 2015.
Jerome Abelman, currently Assistant General Counsel – Corporate & Commercial will take on Kingsley Wheaton’s old role with effect from 1st January 2015.
Neil Withington, currently Group Legal Director & General Counsel has also signalled his intention to retire from the board of directors next year and will leave the group on 30th April 2015. Following Neil’s departure from the business, the Group’s Legal and Corporate & Regulatory Affairs functions will be integrated under Jerry Abelman’s leadership.
Paying tribute to Neil, Nicandro commented, “Neil’s farewell to the business comes after a distinguished 21 years with Group. Leading the Legal function he has been an outstanding General Counsel and a trusted advisor to the Board. Neil also leaves a very significant legacy and, on behalf of the entire organisation, I would like to thank Neil for all that he has achieved over his career with BAT.”
Further remarking on these moves, Nicandro added, “I am pleased to welcome Jerry to the Management Board. He will enhance the team with his substantial experience of the business and regulatory matters in particular. Furthermore, as Managing Director – Next Generation Products, Kingsley will bring the combination of his energetic leadership, marketing background and corporate affairs experience to this critical role.”
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