Tuesday, Imperial Tobacco Group Plc (IMT.L) said its Chief Executive Officer or CEO, Gareth Davis will be retiring on 12 May 2010.
The board also announced that Alison Cooper, currently Imperial Tobacco Group Chief Operating Officer, will succeed Davis as Chief Executive Officer with effect from 13 May 2010. Gareth and Alison will continue to work closely together to ensure an orderly handover during the next six months.
Iain Napier, Imperial Tobacco Group Chairman, said: "Gareth has made an outstanding contribution over the years, transforming Imperial Tobacco into a global tobacco business and one of the UK's strongest companies. Through his strategic direction we have considerably expanded our international operations and diversified our tobacco portfolio, creating significant value for our shareholders in the process."
For comments and feedback: editorial@rttnews.com