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Tag: CFO

  • PMI Announces Andolina as Next CFO

    PMI Announces Andolina as Next CFO

    Philip Morris International appointed Massimo Andolina as its new Group Chief Financial Officer, effective August 1, succeeding Emmanuel Babeau, who will remain with the company as Strategic Advisor to CEO Jacek Olczak until March 2027 to support the transition. Andolina, currently president of PMI’s Europe Region, has been credited with driving strong smoke-free growth and financial performance across the company’s largest region, while previously leading global operations and transformation initiatives that improved efficiency and supply-chain resilience.

    Olczak described Andolina as a respected leader with deep company knowledge and a strong record in innovation and growth. PMI also praised Babeau’s six-year tenure, during which the company strengthened its smoke-free business, completed the acquisition of Swedish Match in 2022, and increased smoke-free products’ share of net revenues to 43% in Q1 2026.

  • BAT Names Constantinescu as CFO

    BAT Names Constantinescu as CFO

    British American Tobacco announced the appointment of Dragos Constantinescu as Chief Financial Officer and Executive Director, effective 1 September 2026. Constantinescu, currently CEO of Asahi Europe & International, previously spent 16 years at BAT in senior finance and management roles across Europe. He succeeds Javed Iqbal, who will remain as Director of Digital & Information after serving as Interim CFO.

    BAT Chair Luc Jobin highlighted Constantinescu’s financial expertise and international leadership experience, while CEO Tadeu Marroco noted his knowledge of BAT will support the company’s ongoing transformation and growth strategy.

  • Universal Appoints Diel as CFO

    Universal Appoints Diel as CFO

    Universal Corporation appointed Steven S. Diel as senior vice president and chief financial officer, effective April 1, succeeding Johan C. Kroner, who will remain with the company as a senior vice president through July 1, to support the transition. Diel, a Universal executive since 2018, brings more than 25 years of experience in finance, corporate development, and strategy, most recently serving as vice president and CFO of Universal Ingredients, and previously leading acquisitions totaling more than $350 million that helped establish the company’s ingredients segment. Chairman, president, and CEO Preston D. Wigner said Diel’s promotion reflects confidence in his financial leadership and strategic execution as Universal seeks to strengthen performance and drive long-term shareholder value.

  • Filtrona Names Sand-Kristensen New CFO

    Filtrona Names Sand-Kristensen New CFO

    Filtrona announced the appointment of Tom Sand-Kristensen as Chief Financial Officer, where he will oversee the company’s global finance, legal, corporate governance, IT, and enterprise resource planning functions, with Filtrona streamlining internal responsibilities to strengthen accountability, financial discipline, and digital integration. He brings extensive international leadership experience from senior roles at Faerch Group, ROCKWOOL, and Carlsberg, spanning packaging, construction, healthcare, and food and beverage sectors. Filtrona says the appointment supports its long-term growth strategy and ongoing transformation of its specialty filters business, as Sand-Kristensen succeeds Tue Saabye.

  • Universal Tabs Mittal as New CFO

    Universal Tabs Mittal as New CFO

    Universal Corporation announced the appointment of Anubhav Mittal as Senior Vice President and Chief Financial Officer, effective February 17, following the completion of its CFO search process. Mittal brings 20 years of global finance, strategy, and business transformation experience, most recently serving as CFO of ADM Nutrition, Archer Daniels Midland’s approximately $8 billion nutrition, flavors, and ingredients business. He succeeds Johan C. Kroner, who will retire as CFO on the same date and remain with the company as a senior vice president through July 1, to support a smooth transition.

  • BAT CFO Steps Down

    BAT CFO Steps Down

    British American Tobacco said Chief Financial Officer Soraya Benchikh will step down from the board and her role as CFO effective today (August 26). She will remain with the company through the calendar year to support the transition.

    Javed Iqbal, currently Director of Digital and Information, will serve as interim CFO as the company begins its search for a permanent successor. Iqbal previously acted as BAT’s Interim Finance Director from May 2023 to April 2024.

    CEO Tadeu Marroco thanked Benchikh for her “significant contribution,” noting that BAT’s first-half results were ahead of expectations and that the group remains on track to meet full-year guidance. Benchikh, who rejoined BAT in May 2024, said she was proud of embedding financial discipline and helping position BAT’s New Categories business for sustainable profitability.

  • Turning Point Appoints Andrew Flynn CFO

    Turning Point Appoints Andrew Flynn CFO

    Image: motortion

    Turning Point Brands (TPB) has appointed Andrew Flynn as the company’s new chief financial officer (CFO), effective on or before April 1, 2024. Flynn is replacing Louie Reformina, who will step down to pursue other opportunities.

    Prior to joining Turning Point Brands, Flynn served as the CFO of Connected Cannabis Co., where he was responsible for bringing sustained profitable growth, expanding geographically and recapitalizing the company. In this role, Flynn operationalized and reshaped the finance, IT, legal and compliance organizations to meet business objectives. Before joining Connected, he served as senior vice president of Juul Labs. Earlier in his career, he served as vice president of finance at James Hardie Building Products and vice president of finance at Arrow Electronics. Flynn holds a Bachelor of Science degree from Indiana University and a Master of Business Administration degree from the University of Colorado Denver.

    “Turning Point Brands is one of the most innovative and well-capitalized companies in the industry. TPB’s iconic Zig-Zag and Stoker’s brands and market-leading distribution platform set it apart in this rapidly evolving space. As CFO, I look forward to working with the board and management team to maximize long-term shareholder value,” said Flynn.

    “Andrew has led key initiatives across all areas of finance and broader strategic planning throughout his career. His diverse operating background and industry expertise ideally positions him to help us maximize the value of our brands, continue to modernize our organization, and grow our free cash flow,” said Graham Purdy, Turning Point Brands’ president and CEO.