Susan Ivey announced that she would retire from Reynolds American Inc. (RAI) after nearly 30 years in the tobacco industry. Ivey, 51, has retired as chairwoman on October 31, 2010 and will retire as chief executive, president and member of the board of directors on February 28, 2010.
The Reynolds board named Daniel “Daan” Delen, 44, to succeed her as president, chief executive and board member, effective January 1, 2011. The board elected Thomas Wajnert, 67, as a non-executive chairman, effective November 1, 2010 . He has been the board’s lead director since 2008. The company said that Ivey plans to move to Florida to be near family and to spend more time traveling with her husband, Russell Cameron, who is already retired. (Reynolds American Inc - Susan Ivey, Ms. Everything, to retire..)
Reynolds American Inc. has elected John P. Daly, chief operating officer of British American Tobacco PLC. (BAT), to the RAI board of directors.
Back in August 2010 Reynolds American Inc. said that Nicandro Durante, the chief operating officer (COO) of British American Tobacco PLC (BAT), will resign from the Reynolds board of directors, effective December 1, 2010. In June, Durante was named by BAT, as the heir apparent to its chief executive post. He will take over as chief executive in late February 2011 when Paul Adams retires. Durante will become chief executive designate on September 1, 2010 BAT said.
Durante joined the Reynolds board in 2008 as one of five BAT appointees. BAT owns 42 percent of Reynolds as part of the 2004 deal in which Reynolds bought Brown & Williamson Corp., the U.S. subsidiary of BAT. (BAT COO resigns from Reynolds American board of directors..) (Frequently Asked Questions: What is the history of Reynolds American Inc.?)
For more on the RAI executive appointments click on address below.
Reference: Reynolds American announces executive appointments; elects Daly to board.., Tobacco Reporter, 12/3/2010.
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