“You have a … Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.Got a confidential news tip? Alison Cooper, the embattled ceo of Imperial Brands, plc—a large British multinational tobacco company—has announced her resignation. Imperial Brands plc, formerly Imperial Tobacco Group plc, is a British multinational tobacco company headquartered in Bristol, United Kingdom. W hat on earth have they been smoking in the boardroom at Imperial Brands? He has demonstrated strong strategic and operational leadership and has developed a track record of delivering successful transformational change during his tenure at Inchcape. “The timing of the move is curious, given that the company as well as the sector is facing some serious headwinds as we move into the end of the year and look to 2020,” said Michael Hewson, chief market analyst at CMC Markets UK.“During her tenure as CEO the business has been significantly simplified and reshaped to strengthen its long-term growth potential, and more than £10bn in dividends has been returned to shareholders. Has announced that Alison Cooper, its chief executive officer, has agreed to step down from the CEO role and from the company’s board once a successor has been found and appointed. We want to hear from you.This added to investor woes as stocks such as Imperial have historically been sought after for their high earnings and dividend payments.In July the company announced that it would drop its 10% dividend growth target from next year to focus on developing its e-cigarette portfolio as traditional smoking wanes.Cooper's departure is the second high profile exit for the company this year.
It comes exactly a week after the … Alison Cooper has a strange admission to make. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.Got a confidential news tip? In accordance with Listing Rule 9.6.13(2) – (6), Stefan has advised that he has no details to disclose.On behalf of the Board Thérèse said: “I would like to thank Alison for the enormous contribution she has made to Imperial over her 20-year career with the Company, nine of which have been as Chief Executive. Imperial Brands’ market value has fallen from more than £38bn to less than £18bn over that time.Alison Cooper is to stand down down as chief executive of tobacco giant Imperial Brands after nine years, further reducing the already limited number of female bosses of FTSE 100 companies.Altria, which has a 35% stake in e-cigarette brand Juul, spun-off Philip Morris International in 2008. Stefan will also receive compensation solely based on remuneration forfeited on leaving his previous employer. Alison Cooper, who will next month become only the second British woman appointed to run a FTSE 100 company when she takes the reins at Imperial Tobacco, has hit out at … I would also like to thank Matthew for the significant contribution he has made during his seven years on the Board, and during his 20-year career with Imperial.” It is the world's fourth-largest international cigarette company measured by market share after Philip Morris International , British American Tobacco , and Japan Tobacco , and the world's largest producer of cigars , fine-cut tobacco , and tobacco papers . Imperial Brands Plc’s Alison Cooper is stepping down in a cloud of raspberry scented smoke. Stefan takes on the Chief Executive role at a significant point in Imperial’s development and the Board is confident that his experience and expertise will drive the business forward. Alison Jane Cooper (born 31 March 1966) is a British businesswoman. I believe the business has a great future and I’m looking forward to working with the Group’s employees to maximise the opportunities that lie ahead and build a stronger, more sustainable business.”Thérèse Esperdy, Chair of the Board said: "After a thorough search process, which attracted strong, high calibre interest, the Board is delighted to appoint Stefan as Chief Executive of Imperial Brands. Stefan has significant experience across multiple consumer sectors and within large multinational organisations, particularly in brand building and consumer-led sales and marketing.
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