– UK, London – British American Tobacco p.l.c. (LON: BATS) today announced that Luc Jobin will succeed Richard Burrows as Chairman of its Board of Directors, effective from the conclusion of the Annual General Meeting on 28 April 2021.
The Board unanimously concluded that Mr Jobin’s experience of enterprise transformation, extensive North American knowledge and cross-industry credentials make him the right candidate to lead the Board.
“The Board was clear that it was looking for a candidate with energy and personality to lead the Board while BAT embraces the strategic opportunities of our corporate transformation. His significant North American experience and his track record in consumer and customer businesses, set against a strong list of external and internal candidates, made Luc the ideal candidate,” said Senior Independent Director, Dimitri Panayotopoulos.
In order to ensure an effective transition of the leadership of the Board, Mr Jobin will be appointed as Chairman Designate of BAT effective 1 March 2021. Mr Burrows will step down as Chairman and retire from the Board at the end of the Company’s 2021 AGM.
Current Chairman, Richard Burrows said: “I am delighted that the Board has appointed Luc as the incoming Chairman for BAT. Luc brings with him significant financial, regulatory and M&A experience. He has been an outstanding non-executive director over the last three years, providing consistent support, insight and constructive challenge through the development of the strategy. I am sure that BAT will go from strength to strength with Luc as Chairman and Jack Bowles as Chief Executive Officer.”
About Luc Jobin
Mr Jobin joined the BAT Board in 2017 as an Independent Non-Executive Director. During his executive career, he was President and CEO of Canadian National Railway Company, prior to which he was Executive Vice-President and CFO. Previously, Mr Jobin was EVP of Power Corporation of Canada, and held the roles of CFO and, between 2003 and 2005, CFO of Imperial Tobacco Canada.
His passion for shaping sustainable businesses aligns strongly with the BAT culture and ethos. He is currently an independent Director on the Boards of Gildan Activewear Inc and Hydro-Québec.
For more information: https://www.bat.com/
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