New finance director for BAT

Tadeu Marroco, who is currently British American Tobacco’s director, group transformation, is to succeed Ben Stevens as finance director.

After 30 years with the company, Stevens is due to step down as finance director and retire from the company’s board on August 5.

Before his appointment on August 5, Tadeu will be appointed deputy finance director with effect from March 1, in addition to his current role.

Tadeu joined BAT in Brazil 26 years ago.