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Prices & Quotes - UK Markets - British American Tobacco (BATS)

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Share Price:
Down 2,786.00p
Change Today:
-72.50p
Market Cap:
63,928m
Sector:
Tobacco

Zafar Kahn steps up as British American Tobacco operations director

By Josh White

Date: Tuesday 19 Jan 2021

LONDON (ShareCast) - (Sharecast News) - British American Tobacco said on Tuesday that its operations director Alan Davy would step down from the board on 31 January, and would leave the company on 31 May to "pursue new challenges" and "spend more time with his family".
The FTSE 100 cigarette giant said Davy joined the firm in 1988 and has been with the group for 32 years, eight years of which were as a member of the management board.

It added that Zafar Khan, currently group head of operations for new categories, would succeed Davy as operations director, and would be appointed to the management board from 1 February.

Khan started with British American Tobacco in his home country of Pakistan 24 years ago, the board confirmed.

Through his career he had acquired "extensive" global operations and supply chain experience, including regional operations director for Asia Pacific and the Middle East, and group head of plan, service and logistics.

"I would like to thank Alan for the enormous contribution he has made to the group throughout his 32-year career at BAT," said chief executive officer Jack Bowles.

"Alan's transformation of operations into a dynamic, multi-category function has been a key component of our 'A Better Tomorrow' strategy.

"Most recently, the group's ability to navigate the challenges presented by Covid-19 is testament to the efficient, agile and globally integrated supply chain he has created."

Bowles added that the company had around 13 million consumers of its non-combustible products, adding that Khan's experience of expanding its capabilities and embedding an end-to-end supply chain for its new category products made him "the natural choice" as operations director.

"By carefully developing careers on a global stage, we are, once again, able to ensure a well thought through and orderly internal succession to a key leadership role.

"Alan and I are confident that Zafar is the right leader, at the right time for the opportunities ahead."

At 0852 GMT, shares in British American Tobacco were up 0.18% at 2,755p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BATS Market Data

Currency UK Pounds
Price 2,786.00p
Change Today -72.50p
52 Week High 3,275.00p
52 Week Low 2,448.00p
Volume 3,905,000
Shares Issued 2,294.61m
Market Cap 63,928m

Performance Indicators

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What The Brokers Say

Strong Buy 17
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 20
strong_buy
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BATS Dividends

  Latest Previous
  Q4 Q3
Ex-Div 23-Dec-21 30-Sep-21
Paid 09-Feb-22 11-Nov-21
Amount 53.90p 53.90p

Trades for 09-Apr-2021

Time Volume / Share Price
16:35 1 @ 2,786.00p
16:35 1,667,162 @ 2,786.00p
16:30 119 @ 2,794.50p
16:29 249 @ 2,793.50p
16:29 1 @ 2,793.50p

BATS Key Personnel

Chair Richard Burrows
CEO Jack Bowles
Finance Director Tadeu Marroco