Imperial Brands has reportedly found a new chairman, following an eight-month search but is facing delays because of legal issues. The tobacco company has struggled to find a replacement for current chairman Richard Burrows, as senior executives become more wary about joining tobacco companies. The situation was exacerbated by the fact British American Tobacco is also seeking a new chairman to replace Mark Williamson in compliance with corporate governance rules that state chairmen should serve no more than nine years. Imperial Brands is also seeking a new CEO after its board pushed out Alison Cooper following investor dissatisfaction.
Imperial Brands has reportedly found a new chairman, following an eight-month search but is facing delays because of legal issues. The tobacco company has struggled to find a replacement for current chairman Mark Williamson, as senior executives become more wary about joining tobacco companies. The situation was exacerbated by the fact British American Tobacco is also seeking a new chairman to replace Richard Burrows in compliance with corporate governance rules that state chairmen should serve no more than nine years. Imperial Brands is also seeking a new CEO after its board pushed out Alison Cooper following investor dissatisfaction.