British American Tobacco Appoints Burrows As Chairman
19 August 2009 - 4:54PM
Dow Jones News
British American Tobacco PLC (BATS.LN) Wednesday said that
former chief executive of drinks giant Pernod Ricard SA (RI.FR)
Richard Burrows will succeed Jan du Plessis as chairman on Nov.
1.
BAT senior independent director Nick Scheele said, "Richard's
executive career in the worldwide fast-moving consumer goods, or
FMCG, sector makes him an excellent choice, as does his proven
ability to work with a team from various cultures and countries.
He's also an experienced non-executive director and the Board of
British American Tobacco looks forward to the additional
perspective he will be able to bring."
Burrows was previously chief exectuive of Irish Distillers and
Pernod Ricard and is a former governor of the Bank of Ireland
(IRE).
Analysts welcome the appointment because of his experience with
consumer goods companies. Du Plessis is stepping down to become
chairman of miner Rio Tinto PLC (RIO.LN).
British American Tobacco shares closed Tuesday at 1872
pence.
Company Web site: www.bat.com
By Anita Likus, Dow Jones Newswires; +44 20 7842 9407;
anita.likus@dowjones.com