Paul Rayner has announced that he will be giving up his coveted role as FD of
British American Tobacco for ‘family reasons.’
After retiring on 30 April at the company’s AGM, Rayner will be leaving the
UK to head back to Australia, and the FTSE 100 company has already lined up his
said:’Ben Stevens, currently Regional Director, Europe, will be joining the
board on 3 March 2008, and will succeed Paul Rayner as finance director when he
Jan du Plessis, chairman of British American Tobacco said: ‘Our thoughts are
very much with Paul and his family at this difficult time. We are not only
losing a brilliant finance director, but somebody who is widely respected and
much liked by his colleagues worldwide.’
Stevens first joined the BATin 1990 and has held financial and general
management roles in several countries around the world. He was promoted to the
management Board in 2001, with responsibility, amongst others, for M&A and
corporate strategy, prior to taking on his current role as Regional Director,
Europe in 2004.
Du Plessis added: ‘It is nevertheless testimony to the quality of the Group’s
management that we have an immediately available successor of Ben’s calibre.
With his tremendous experience and in-depth knowledge of our business, I have no
doubt that our group’s finances will be in good hands.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements