Daly resigns from RAI’s board

| January 18, 2016

John P. Daly has resigned from Reynolds American Inc’s board of directors, effective February 4.

Daly has served on RAI’s board since December 2010, one of five members designated by Brown & Williamson Holdings (B&W), a subsidiary of British American Tobacco (BAT), under the terms of the 2004 governance agreement, as amended, between RAI, B&W and BAT.

His three-year term as a Class II director was scheduled to expire in 2018.

Daly, a former COO at BAT, retired from BAT in 2014.

Jerome Abelman, director of legal and external affairs, and general counsel at BAT, has been designated by BAT for nomination to RAI’s board to succeed Daly, effective February 4.

RAI’s board will vote on Abelman’s formal nomination at its regularly scheduled February 4 meeting.

Abelman has been with the BAT Group for 13 years and has held a number of legal, corporate and regulatory roles. He joined BAT’s management board as director, corporate and regulatory affairs, in January 2015, and was appointed director, legal and external affairs, and general counsel in May 2015.

Category: Breaking News

Comments are closed.