British American Tobacco Plc (LON:BATS) today announced that Jack Bowles, currently Chief Operating Officer of BAT’s international business, will succeed Nicandro Durante as Chief Executive Officer of BAT following Nicandro’s retirement on 1 April 2019.
In anticipation of this appointment, Jack will become Chief Executive Designate on 1 November 2018 and will join the Board on 1 January 2019.
Jack joined BAT in 2004 as CEO of BAT France and thereafter became Managing Director of the BAT listed subsidiary in Malaysia. He was appointed to the Management Board of BAT in 2009 as Regional Director for Western Europe and subsequently served as Regional Director in both the Americas Region and the Asia-Pacific Region before assuming his current role as Chief Operating Officer in 2017.
Commenting on Jack’s appointment, Richard Burrows, Chairman of BAT, said: “Having conducted a far-reaching succession process with strong external and internal candidates, the Board is delighted to appoint such an experienced and dynamic successor from within BAT. Throughout his career at BAT, Jack has demonstrated excellent strategic leadership; growing businesses, driving productivity improvements and building strong management teams. In his most recent roles, as Director, Asia-Pacific and, as COO, he has played a key role in developing our potentially reduced risk products business.”
“Jack’s track record of innovating, and his experience across so many different geographies and areas of our business, position him extremely well to build on Nicandro’s achievements and write the next chapter in BAT’s history.”
Jack said: “I am honoured to succeed Nicandro. It is an exciting time for British American Tobacco with many changes in our industry but also great opportunities. With our depth of talent, our iconic brands and our range and pipeline of potentially reduced risk products, I am confident that we will take full advantage of these opportunities as we accelerate the transformation of BAT into a stronger multi category tobacco and nicotine products company.”