John Daly will step down as British American Tobacco’s chief operating officer at the end of December and will not be replaced.
“It is not intended, at this point in time, to appoint a further executive director or successor to the role of chief operating officer,” a note on BAT’s website said. “The four regional directors and the group operations director will report to the chief executive officer directly from 1 January 2014.”
Daly was appointed to the management board in 2004, joining the main board as COO in 2010. During his 19-year career with BAT, he held various senior management positions, notably marketing director—P J Carroll, area director—Middle East & North Africa and regional director—Asia Pacific.
“The board and I wish John all the very best for a thoroughly well-earned retirement,” said CEO Nicandro Durante. “We will all miss John’s passion, commitment, energy and great humor.
“John has played a huge role in the history of British American Tobacco, steering all the businesses he has run to outstanding results. He will be remembered for his love of the business and his commitment to the people in the organization. He leaves behind a true leadership legacy.”
According to the note, during the first quarter of 2014, Daly will “focus on the transitioning of key projects and initiatives.”
He will retire from the board in April 2014.
Category: Breaking News