BAT Appoints New Chairman

Luc Jobin will succeed Richard Burrows as chairman of British American Tobacco (BAT). This will take effect from the conclusion of the company’s annual general meeting (AGM) on April 28, 2021. In order to ensure an effective transition of the leadership of the board, Jobin will be appointed chairman designate of BAT effective March 1, 2021.

Jobin is currently an independent director on the boards of Gildan Activewear and Hydro-Quebec. He joined the BAT board in 2017 as an independent nonexecutive director. During his executive career, he was president and CEO of Canadian National Railway Co., prior to which he was executive vice president and chief financial officer. Previously, Jobin was executive vice president of Power Corp. of Canada and held the roles of chief financial officer and, between 2003 and 2005, CEO of Imperial Tobacco Canada.

Burrows will step down as chairman and retire from the board at the end of the company’s 2021 AGM.

“I am delighted that the board has appointed Luc as the incoming chairman for BAT,” said Burrows in a statement. “Luc brings with him significant financial, regulatory and M&A experience. He has been an outstanding nonexecutive director over the last three years, providing consistent support, insight and constructive challenge through the development of strategy. I am sure that BAT will go from strength to strength with Luc as chairman and Jack Bowles as chief executive officer.”