BAT appoints finance chief Marroco as CEO

(Sharecast News) - British American Tobacco said it had appointed finance director Tadeu Marroco as chief executive, succeeding Jack Bowles who was stepping down on Monday.

Marroco joined BAT in 1992 and was appointed to the BAT board in 2019. He has also served on the the company's management board since 2014.

BAT said a "comprehensive search" for a new group finance director would now start. Currently digital and information division director Javed Iqbal has been appointed on an interim basis.

Reporting by Frank Prenesti for Sharecast.com