British American Tobacco CEO Nicandro Durante To Retire In April - Quick Facts

(RTTNews) - British American Tobacco plc (BATS.L, BTI) Thursday that its Chief Executive Officer Nicandro Durante has informed the Board of his intention to retire on April 1, 2019.

He has taken the decision after nearly 37 years with the company, and eight years as CEO.

The Board has been considering successors for some time and, having reviewed a strong list of internal and external candidates over the past few months, it has identified a lead candidate to succeed Durante. The Company will make a further announcement in due course. Durante said, "We now have a growing potentially reduced risk product business fully embedded in our organisation and the integration of Reynolds has been successfully completed. I shall stay in place for the next six months to ensure an orderly handover to my successor."