Jan 20 (Reuters) - Cigarette maker Imperial Brands on Tuesday named John Rishton as it new Chair, succeeding Therese Esperdy, who will retire from the board in December. This is the second major
Imperial Brands names John Rishton as new chair
Leadership Changes at Imperial Brands
Jan 20 (Reuters) - Cigarette maker Imperial Brands on Tuesday named John Rishton as it new Chair, succeeding Therese Esperdy, who will retire from the board in December.
Overview of Executive Transition
This is the second major executive shift in recent months at the company, which makes Winston, Davidoff and Gauloises cigarettes. Last year, its chief financial officer, Lukas Paravicini, took over the role of CEO from Stefan Bomhard after the latter stepped down.
Rishton's Background and Experience
Rishton, who currently chairs events and academic publishing group Informa PLC, will join Imperial's board on July 13, before taking over on December 1 when Esperdy steps down.
Esperdy's Contributions to the Company
Esperdy, who has chaired Imperial since January 2020, oversaw the turnaround of its core tobacco business and delivered more than 10 billion pounds in capital returns to shareholders, Paravicini said.
Previously, Rishton served as the CEO of Rolls-Royce and was CFO at British Airways.
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Janane Venkatraman)
