British American Tobacco expects that its acquisition of Reynolds American Inc. will result in at least $400 million of annualised ‘cost synergies’ by the end of year three.
Richard E. Thornburgh resigned from the Reynolds American (RAI) board of directors and the board’s audit and finance committee, effective Dec. 7. Thornburgh had served on the RAI board as an independent director since December 2011. “RAI’s shareholders, board and management have greatly benefited from Dick’s financial acumen and strategic advice and counsel over the […]
Reynolds American Inc. (RAI) has announced several executive changes at both RAI and its largest subsidiary, R.J. Reynolds Tobacco Company. All the changes will be effective Oct. 1. Debra Crew, who is currently president and chief commercial officer of R.J. Reynolds, will become president and chief operating officer of the company. She will assume management […]
R.J. Reynolds Tobacco Co. will be producing Vuse digital vapor cigarettes in Tobaccoville, North Carolina, USA, for R.J. Reynolds Vapor Co. under a services agreement between the two companies. The firm will invest millions of dollars in high-speed e-cigarette manufacturing equipment and create 200 full-time manufacturing over the next four years. “Vuse is a game-changing […]
Reynolds American Inc. has agreed to resume discussions with the Farm Labor Organizing Committee (FLOC) about ways to address alleged farm-worker abuse, according to a story by Federico Martinez for The Blade (Toledo, Ohio). Reynolds was said to have agreed to resume the meetings after the farm-labor union and advocacy group staged a protest outside […]
Reynolds American Inc.’s experiment with making e-cigarettes is about to move to a larger distribution scale, the company said Thursday at its annual shareholders meeting. The company provided several strategic updates during formal remarks by Daan Delen, its CEO and president, and during a question-and-answer session that wasn’t consumed by farm-worker issues, according to the website […]
Reynolds American Inc. is due to host a conference call and webcast following the release of first-quarter 2013 financial results before the market opens on April 23. The company’s president and CEO, Daniel M. Delen, its CFO, Thomas R. Adams, and its vice president of investor relations, Morris L. Moore, will speak during the conference […]