logo
Plus   Neg
Share
Email

British American Tobacco Appoints Luc Jobin To Succeed Richard Burrows As Chairman

British American Tobacco plc (BATS.L,BTI) said Thursday that Luc Jobin will succeed Richard Burrows as chairman. Burrows will step down as chairman and retire from the Board at the end of the company's 2021 Annual General Meeting.

The appointment will take effect from the conclusion of the company's Annual General Meeting on 28 April 2021. Jobin will be appointed as Chairman Designate of BAT effective 1 March 2021, in order to ensure an effective transition of the leadership of the Board.

Jobin joined the BAT Board in 2017 as an independent Non-Executive Director. He was President and Chief Executive Officer of Canadian National Railway Company, prior to which he was Executive Vice President and Chief Financial Officer. Previously, Jobin was Executive Vice President of Power Corporation of Canada, and held the roles of Chief Financial Officer and, between 2003 and 2005, Chief Executive Officer of Imperial Tobacco Canada.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Fast-food giant McDonald's said it will be raising hourly wages for more than 36,500 hardworking employees at McDonald's-owned restaurants by an average of 10 percent to make it among the industry-leading pay and benefits package. These increases, which have already begun, will be rolled out over the next several months. Biogen Inc. (BIIB) Friday said its XIRIUS study of cotoretigene toliparvovec failed to meet its primary endpoint in Phase 2/3 in patients with X-linked retinitis pigmentosa or XLRP. The company further noted that the study obtained positive trends in other pre-specified clinically relevant endpoints,... General Mills Inc. (GIS) agreed to buy Tyson Foods' (TSN) pet treats business for $1.2 billion in cash, the companies said in a statement on Friday. The transaction includes the Nudges, Top Chews and True Chews brands. General Mills will also acquire a manufacturing facility in Independence, Iowa.
Follow RTT