Following the appointment of Tadeu Marroco as Chief Executive on 15 May 2023, BAT has announced a new structure of its Management Board, according to a company press release.
According to the press release, Johan Vandermeulen, will be appointed to the new role of Chief Operating Officer reporting to the Chief Executive, with effect from 1 July 2023. This role will be accountable for driving business performance, operational excellence and best in class execution, with a focus on both short-term and sustainable delivery.
Kingsley Wheaton will be appointed to the new role of Chief Strategy & Growth Officer reporting to the Chief Executive, with effect from 1 September 2023. This role will be accountable for continued strategic development and delivery of sharper consumer focus through an integrated approach to brands, together with shaping enablers for long-term sustainable growth and driving our robust ESG agenda.
Guy Meldrum, currently President & CEO, Reynolds American Inc., and Paul Lageweg, currently Director, New Categories, will step down from their roles and from the Management Board with effect from 30 June 2023 and will facilitate a transition with their successors.
Hae In Kim will step down from the Management Board with effect from 30 June 2023 to take up the role of Strategic Talent Director, reporting to the Chief Executive. As an integral part of her responsibilities in this leadership role working alongside the Board and the Management Board, Hae In will oversee the execution of key several projects as part of BAT’s talent agenda.
The existing roles of Chief Transformation Officer, Chief Growth Officer, Director, New Categories and Director, Combustibles will be removed from the Management Board as their accountabilities transfer within the new structure, states the press release.
“This refreshed Management Board structure is critical to my commitment to build a progressive and agile organisation with a collaborative and inclusive culture, enabling simultaneous performance and transformation,” said Chief Executive Tadeu Marroco.