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Stock impact report

British American Tobacco brings back company alum for CFO [Yahoo! Finance]

British American Tobacco Industries, p.l.c. ADR (BTI) 
NASDAQ:AMEX Investor Relations: bat.com/ir
Company Research Source: Yahoo! Finance
Lucky Strikes owner British American Tobacco appointed company alum Dragos Constantinescu as its CFO and executive director in a move effective Sept. 1, according to a Thursday press release. Constantinescu will succeed interim CFO Javed Iqbal, who will step down as of the effective date. Iqbal will continue to serve as director, digital and information for the London-based tobacco company after serving as interim finance chief, according to the press release. Constantinescu, who spent 16 years at BAT before moving to a managing director role for Asahi Breweries, will take the CFO seat at “an important stage in BAT's transformation,” CEO Tadeu Marroco said in a statement included in the release. “His international experience alongside a strong understanding of BAT will be key assets as we continue to focus on quality growth, the sustainable delivery of our mid-term growth algorithm and robust cash returns.” Dive Insight: Constantinescu's previous 16-year span at the company, Show less Read more
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