British American Tobacco Keeps Luc Jobin as Chair
By Aimee Look
British American Tobacco said its board opted to extend Chair Luc Jobin's tenure.
The tobacco company said Tuesday the board had evaluated various credible candidates for Jobin's succession but decided to give him up to two more years in the role he has held since April 2021. It will continue the search for a successor, the company said.
Jobin continues to lead effectively and has supported the management team through the company's transformation, BAT said. The extension of his role is in the best interest of the company, it said. He has been a member of the board since July 2017.
"Luc's prior service on the Board means that an extension beyond July 2026 would represent a departure from the U.K. Corporate Governance Code nine-year tenure recommendation," the company said. "The Board continues to be committed to maintaining high standards of corporate governance and recognizes the importance of Board refreshment."
At the same time, BAT said board member Holly Keller Koeppel will step down in 2026 at the end of the annual general meeting after serving since July 2017. The board has appointed Karen Guerra to succeed Keller Koeppel in the role of senior independent director.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
February 10, 2026 04:49 ET (09:49 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States