Though the acquisition of Reynolds American International (RAI) by British American Tobacco (BAT) is still pending approval by both companies’ shareholders, RAI is looking ahead and has made some changes to its leadership team. The acquisition is expected to close at the end of the third-quarter.
Beginning at the top, Debra A. Crew will remain the CEO and president of RAI. She will report to Nicandro Durante, the president and CEO of BAT. Andrew Gilchrist, RAI’s current executive vice president and chief financial officer, is expected to step down following the closing of the acquisition.
Other senior executives who are expected to remain with RAI following the acquisition are: Michael Auger, executive vice president and chief human resources of RAI and R.J. Reynolds Tobacco Co.; Lisa Caldwell, executive vice president and chief human resources officer of RAI and R.J. Reynolds Tobacco Co.; Joseph Fragnito, president and chief commercial officer at R.J. Reynolds Tobacco Co.; Carolyn Hanigan, president of RAI Innovations Co.; Nancy Hawley, executive vice president of operations at R.J. Reynolds Tobacco Co.; Daniel J. Herko, executive vice president of scientific and regulatory affairs for RAIS and executive vice president of research and development at R.J. Reynolds Tobacco Co.; Martin Holton III, executive vie president of legal and external affairs and general counsel for RAI and RAIS; N. Winton Jeannette, senior vice president of strategy and planning for RJRT; Kevan A. Ostrander, vice president of information management for RAIS; and Mark A. Peters, senior vice president of decision support and transition planning of RAIS and chief financial officer for RJRT.