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IN BRIEF: Imperial Brands names Informa’s Rishton as next chair

ALN

Imperial Brands PLC - Bristol, England-based tobacco products manufacturer - Appoints John Rishton as non-executive director & chair designate, effective on July 13. Says he will succeed Therese Esperdy as chair on December 1. Esperdy, who became chair in 2020, will retire from the board on the same date. Rishton is currently chair of Informa PLC and a non-executive director of Diageo PLC, and was chair at Serco Group PLC from 2021 to 2025. Imperial notes that his employment history also includes being chief executive of Rolls-Royce Group PLC, chief financial officer and then CEO of Royal Ahold NV, and CFO of British Airways PLC. Says he has ‘significant board and executive leadership experience across diverse industries and a reputation for guiding complex transformations.’

CEO Lukas Paravicini comments: ‘I speak for everyone at Imperial Brands in thanking Therese for her leadership as chair. Under Therese’s stewardship, Imperial Brands has turned around its core tobacco business, developed a growing portfolio of next generation products and delivered more than £10 billion in capital returns to shareholders. Our business is well positioned for the future, and I look forward to working with John and the board as we focus on implementing our evolved strategy and continuing to drive consistent sustainable growth.’

Current stock price: 3,067.00 pence, down 1.0% in London on Tuesday

12-month change: up 18%

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