British American Tobacco: Durante To Succeed Paul Adams Feb 2011

24th Jun 2010 07:21

LONDON (Dow Jones)--British American Tobacco PLC (BATS.LN) said Thursday that Nicandro Durante will become Chief Executive on the retirement of Paul Adams at the end of February 2011 aged 57. MAIN FACTS: -In anticipation of his new role, Nicandro will become Chief Executive Designate on Sep. 1. -He will be succeeded in his current role as Chief Operating Officer by John Daly, also on Sep. 1. -From the same date, Ben Stevens, 50, Finance Director, will take on the additional role of Chief Information Officer -Nicandro, 53, who is Brazilian/Italian, joined British American Tobacco in 1981 -On the Management Board, Daly will be succeeded as Regional Director, Asia Pacific by David Fell, 49, who will move from his role as Director, Eastern Europe. -Fell will be succeeded by Des Naughton, 43, currently Regional Head of Marketing, Africa and Middle East. -Naughton, who is British, joined the Group in 1995 and has held a wide range of senior management roles. -Kieran Poynter, formerly the Chairman and Senior Partner at PricewaterhouseCoopers LLP, will become a Non-Executive Director with effect from July 1. -Shares closed Wednesday at 2153.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 24, 2010 02:21 ET (06:21 GMT)