Dan Carr will succeed David Taylor, who has announced his retirement from the company, as president and chief executive officer of ITG Brands from 31 January.
As founding chief executive, Taylor led a “very complex integration process” as ITG Brands succeeded Lorillard in 2014, following Lorillard's purchase by Reynolds American, the news agency said.
“This step is the culmination of a long succession planning process,” Taylor was quoted as saying. “Dan was recruited for this position based on his extensive leadership experience in the tobacco industry, and he has spent the last year as president learning the complexities of our business operations.”
Greensboro-based ITG Brands is the US division of Britain’s Imperial Tobacco Group and the third-largest tobacco company in the country. It owns cigarette brands including Winston, Kool and Salem and the blu e-cigarette brand.