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8-K - FORM 8-K - REYNOLDS AMERICAN INC | g25441e8vk.htm |
Exhibit 99.1
Reynolds American Inc.
P.O. Box 2990
Winston-Salem, NC 27102-2990
P.O. Box 2990
Winston-Salem, NC 27102-2990
Contact:
|
Investor Relations: | Media: | RAI 2010-21 | |||
Morris Moore | Maura Payne | |||||
(336) 741-5165 | (336) 741-6996 |
Reynolds American announces executive appointments;
elects Daly to board
elects Daly to board
WINSTON-SALEM, N.C. Dec. 3, 2010 Reynolds American Inc. (NYSE: RAI) announced several
executive appointments today, and the election of John P. Daly, chief operating officer of British
American Tobacco p.l.c. (BAT), to the RAI board of directors.
In October, RAI announced that its chairman, president and chief executive officer, Susan M. Ivey,
plans to retire on February 28, 2011. Thomas C. Wajnert became chairman of RAIs board of directors
on Nov. 1, 2010. Daniel M. Delen was named to replace Ivey as president and CEO of RAI, effective
March 1, 2011. Delen is currently chairman, president and CEO of R.J. Reynolds Tobacco Co., and
will become president- and CEO-elect of RAI on Jan. 1, 2011.
Andrew D. Gilchrist, 38, has been promoted to president and chief commercial officer of R.J.
Reynolds Tobacco Co., effective Jan. 1, 2011. Gilchrist is currently executive vice president and
chief information officer of RAI Services Co., a subsidiary of Reynolds American that provides
certain services to RAI and its operating companies through services agreements. He also serves as
executive vice president and chief financial officer of R.J. Reynolds Tobacco Co.
Randall M. Spach, 51, currently vice president of operations at American Snuff Co., has been named
president of that company, effective Jan. 1, 2011. Bryan K. Stockdale, 52, currently president and
CEO of American Snuff Co., plans to retire on March 31, 2011.
Thomas R. Adams, 60, currently executive vice president and chief financial officer of RAI and RAI
Services, will also take on the role of chief information officer, effective Jan. 1, 2011. RAIs
business development function will also begin reporting to Adams at
that time.
As part of a reorganization of the RAI Services law department undertaken by E. Julia (Judy)
Lambeth, currently executive vice president and general counsel of RAI, some roles in the
department have been realigned. As a result, Lambeth, 59, will leave the company at year-end 2010.
Martin L. Holton III, 53, who is currently senior vice president and deputy general counsel of RAI
Services and senior vice president, general counsel and secretary of R.J. Reynolds Tobacco Co., has
been named executive vice president and general counsel of RAI, effective Jan. 1, 2011.
- more -
Mark A. Peters, 45, currently vice president of finance for RAI Services, will be promoted to
senior vice president of decision support for RAI Services. He will also serve as chief financial
officer of R.J. Reynolds Tobacco Co.
Having leadership-level internal candidates of this caliber is a testament to investment in talent
development and succession planning over the years by Reynolds American and its operating
companies, said Susan Ivey, RAIs president and CEO. We are very fortunate to have highly
experienced professionals ready to step up and take the companies to the next level of success and
leadership, she said.
In addition to these executive changes, the RAI board of directors also elected John P. Daly, 54,
to membership on the board, to fill the vacancy created by Nicandro Durantes resignation. Durante
is currently BATs chief executive designate, and will become BATs chief executive in February
2011. He had served on RAIs board since December 2008. Dalys election to board membership was
effective Dec. 1, 2010.
Web Disclosure
RAIs website, www.ReynoldsAmerican.com, is the primary source of publicly disclosed news
about RAI and its operating companies. We use the website as our primary means of distributing
quarterly earnings and other company news. We encourage investors and others to register at
www.ReynoldsAmerican.com to receive alerts when news about the company has been posted.
ABOUT US
Reynolds American Inc. (NYSE: RAI) is the parent company of R.J. Reynolds Tobacco Company; American
Snuff Company, LLC; Santa Fe Natural Tobacco Company, Inc.; and Niconovum AB.
| R.J. Reynolds Tobacco Company is the second-largest U.S. tobacco company. The companys brands include five of the 10 best-selling cigarettes in the U.S.: Camel, Pall Mall, Winston, Doral and Kool. | ||
| American Snuff Company, LLC (formerly Conwood Company, LLC) is the nations second-largest manufacturer of smokeless tobacco products. Its leading brands are Kodiak, Grizzly and Levi Garrett. American Snuff Co. also sells and distributes a variety of tobacco products manufactured by Lane, Limited, including Winchester and Captain Black little cigars, and Bugler roll-your-own tobacco. | ||
| Santa Fe Natural Tobacco Company, Inc. manufactures Natural American Spirit cigarettes and other additive-free tobacco products, and manages and markets other super-premium brands. | ||
| Niconovum AB markets innovative nicotine replacement therapy products in Sweden and Denmark under the Zonnic brand name. |
Copies of RAIs news releases, annual reports, SEC filings and other financial materials, including
risk factors containing forward-looking information, are available at
www.ReynoldsAmerican.com.
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