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Archive for January, 2013

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Dyrbus to retire from Imperial Tobacco

| January 30, 2013

Mark Williamson has been appointed deputy chairman of the board at Imperial Tobacco Group PLC, effective immediately.

Williamson joined the board in July 2007 and was appointed senior independent non-executive director in 2012, a role that he will continue to perform.

He was formerly CFO of International Power PLC and is a non-executive director of National Grid PLC and Alent PLC.

Meanwhile, Imperial’s finance director, Bob Dyrbus, who has been a senior executive with the company for 25 years and who has been finance director since the company’s listing in 1996, is to retire.

“On behalf of the board and our employees I would like to thank Bob for the huge contribution he’s made to our success,” said chairman, Iain Napier.

“As well as taking overall responsibility for the effective financial management and control of the group for many years, Bob’s played a key role in expanding our international operations through acquisitions that have created significant value for our shareholders.

“Bob is highly regarded within the business and will continue to work with the executive team on driving the group’s sales growth strategy during the process to appoint his successor.”

The process to appoint a successor is underway.

Former physician to US presidents joins BAT as non-executive director

| January 30, 2013

Dr. Richard Tubb, a US citizen and former brigadier general, has been appointed as a non-executive director of British American Tobacco plc with effect from January 28.

A BAT press note said that Tubb was one of the longest serving White House physicians, with his leadership spanning more than 14 years and serving the administrations of presidents Clinton, Bush and Obama.

By the time he retired from the White House in 2009, he had served as director, White House Medical Unit; physician to the White House; and physician to the president.

‘Dr Tubb is a leading public health figure actively involved in the science and policy development of tobacco harm reduction and alternative nicotine products,’ the note said.

Commenting on Tubb’s appointment, Richard Burrows, chairman of BAT, said he was delighted to be welcoming such a prominent and well respected expert in the field of tobacco harm reduction to the company’s board. “This appointment further demonstrates our commitment to putting science at the heart of our business and I am excited about the role Richard will play in the development of our strategy,” he added.

Vietnam to impose 18 year limit on buying and selling tobacco products

| January 30, 2013

Vietnam is set to impose a ban in which those under 18 years of age will not be allowed to sell tobacco products at retail outlets, nor buy them, according to a Vietnam News story.

The ban is part of a long-term national plan approved by Prime Minister, Nguyen Tan Dung.

It aims, in part, to reduce the number of smokers in the 15-24 age group from 26 per cent to 18 per cent.

The plan will use also taxes and stricter measures on cigarette trading in an attempt to limit consumption.

It requires the Ministry of Health to co-operate with relevant agencies and come up with specific programs to improve people’s awareness of the harm caused by smoking, so as to effect a gradual change in attitudes. A steering committee on fighting tobacco consumption will be formed in each locality.

Mid-February start for Zimbabwe sales

| January 30, 2013

Zimbabwe’s tobacco marketing season is due to start with auction sales on February 15 and contract sales the following day.

Tobacco Industry and Marketing Board chairperson, Monica Chinamasa, told journalists yesterday that four auction floors and seven buying teams would be operating this year.
The auction floors are: Tobacco Sales Floor, Boka Tobacco Auction Floors, Millennium Tobacco Floors and the new player, Premier Tobacco Auction Floors.

The initial crop target was set at 150 million kg, but an estimate will be made in about a month’s time when the board has had time to assess whether unhelpful weather has reduced that amount.

Reynolds to webcast full-year results

| January 30, 2013

Reynolds American Inc. is due to host a conference call and webcast following the release of fourth-quarter and full-year 2012 financial results before the market opens on February 12.

The conference call and webcast will start at 09.00 hours Eastern Time and be hosted by Daniel M. Delen, president and CEO, Thomas R. Adams, CFO, and Morris L. Moore, vice president of investor relations.

The webcast, for which registration is required at www.reynoldsamerican.com, will be available on a listen-only basis at the same website. It will be available also for replay.

The conference call will be available on (877) 390-5533 (toll-free) and (678) 894-3969 (international).

Lorillard to webcast full-year results

| January 30, 2013

Lorillard is due to publish its fourth quarter and full year 2012 results on February 13.

A conference call for analysts and investors, which will begin at 09.00 Eastern Time, will be hosted by Murray S. Kessler, chairman, president and CEO, and David H. Taylor, executive vice president, finance and planning, and CFO.

Investors and analysts will be able to participate in the conference call by dialing (888) 239-6824 (domestic) or (706) 902-3787 (international) and using the pass-code: 87738735.

A news release and a live webcast of the conference call will be available also under the Investor Relations section of Lorillard’s website at www.lorillard.com.

The conference call will be available for replay in its entirety through February 27, either through the website or by dialing (855) 859-2056 (domestic) or (404) 537-3406 (international) and using the pass-code: 87738735.