Pierre-Ándré Térisse has been appointed chief financial officer of the Altadis Group, replacing Michel Favre who will be leaving the company mid September to join a major French group as chief financial officer.

Térisse, 40, who is currently vice president finance of the cigarette division in Paris, will be moving to the Madrid headquarters, where he will be a member of the senior management committee and will report to Antonio Vázquez, chief executive officer and chairman of the executive committee. (ci)