Imperial Brands has announced that Lukas Paravicini will be appointed to the Board as Chief Financial Officer on 5 August 2021 or at an earlier date to be announced.

Paravicini succeeds Oliver Tant, who will step down from the Board upon Paravicini’s appointment and leave the business following an orderly handover. Stefan Bomhard, Chief Executive Officer, said: "I am delighted to welcome Lukas to the business. He is a disciplined, results-oriented leader with a proven track record in international consumer goods companies. As well as his impeccable finance credentials, Lukas has considerable operational experience, as well as expertise in driving transformational change including in global shared services in large international organisations. These qualities will be invaluable to Imperial as we implement our new strategy. I would like to thank Oliver for his support since I joined Imperial and for his contribution to the business during his seven-year tenure.”
Paravicini said: “I am delighted to be joining Imperial at such an exciting time. I look forward to supporting the new strategic direction and working with the Board and my new colleagues to strengthen performance and enhance shareholder value.”