BAT Appoints Three Directors in Bid to Close Reynolds Acquisition Deal

By Amina Faki

British American Tobacco PLC Company (BAT) has appointed appointed three independent non executive directors into its board in honor of the proposed acquisition of the 57.8 percent of Reynolds American Inc. (Reynolds).

“I am very pleased to welcome Lionel Nowell, Holly Keller Koeppel and Luc Jobin to the Board of BAT. Following closing, the Reynolds business will immediately become a key part of the BAT Group. Each of these new directors brings to the Board complementary skills and valuable experience of the US business environment and, in particular, the US tobacco sector.” Commented BAT Chairman, Richard Burrows.

In July 19th 2017 both BAT and Reynolds shareholders approved the proposed acquisition by a subsidiary of the company 57.8 percent remaining part of Reynolds.

“We have been shareholders in Reynolds since 2004 and I would like to acknowledge the key role played by all Directors of Reynolds in making Reynolds the success it is today.” Added Mr. Barrows.