British American Tobacco to Appoint New Chairman in 2021

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British American Tobacco to Appoint New Chairman

British American Tobacco (BAT) has announced that Luc Jobin will succeed Richard Burrows as chairman of the company. This will take place on April 28, 2021 at the end of BAT’s annual general meeting. To ensure an effective transition of leadership takes place, Jobin will appointed as chairman designate of BAT on March 1, 2021. Burrows will step down as chairman and retire from the Board at the end of the company’s 2021 annual general meeting.

In a press release, BAT states that Jobin’s experience of enteritis transformation, extensive North American knowledge and cross-industry credentials made him the right candidate to lead the company. In particular, Jobin’s passion for shaping sustainable businesses aligns with BAT’s culture and ethos.

“Mr. Jobin joined the BAT Board in 2017 as an independent non-executive director. During his executive career, 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, Mr. Jobin was executive vice president of Power Corporation of Canada (an international financial services company), and held the roles of Chief Financial Officer and, between 2003 and 2005, Chief Executive Officer of Imperial Tobacco Canada. He is currently an independent Director on the Boards of Gildan Activewear Inc and Hydro-Québec,” the company shared in the press release.