Imperial Brands PLC appointed John Rishton as non-executive director and chair designate, effective July 13. He will succeed Thérèse Esperdy as chair on December 1 when she retires after leading the board since January 2020. Rishton brings extensive board and executive experience, currently serving as chair of Informa PLC and non-executive director at Diageo PLC, and previously as CEO of Rolls-Royce Group PLC, CFO and CEO of Royal Ahold NV, and CFO of British Airways PLC. The appointment follows a comprehensive succession process overseen by the People, Governance & Sustainability Committee.
Sue Clark, senior independent director, praised Rishton’s experience in leading complex, regulated businesses through transformation, describing him as an “exceptional candidate” to guide the board. Esperdy was recognized for her decade of leadership, including the turnaround of Imperial Brands’ core tobacco business, expansion into next-generation products, and delivery of over £10 billion in shareholder returns. CEO Lukas Paravicini welcomed Rishton, emphasizing continuity in the company’s strategic objectives and ongoing focus on sustainable growth.