De Labouchere’s JTI departure unsung

Pierre de Labouchere last week resigned with immediate effect as president and CEO of Japan Tobacco International, according to a story by Mark Kleinman for Sky News.

Kleinman quoted a statement issued on Friday by a JTI spokesman as saying that de Labouchere had decided to resign as of December 18.

The statement said that de Labouchere had been replaced by Thomas A. McCoy.

‘JTI declined to comment on the reasons behind Mr de Labouchere’s sudden departure but insiders said that another senior executive responsible for the company’s mergers and acquisitions activity had also quit in recent days, suggesting some kind of strategic disagreement,’ said Kleinman.