BAT to Divide Europe Responsibilities

Source from:  tr.itsmyiq.com Mar 26, 2008 03/27/2008

British American Tobacco is to split its Europe region into two, Eastern Europe and Western Europe, each with its own director. David Fell, who is currently area director, Australia, will become regional director of Eastern Europe, while Jean-Marc Levy, who is currently area director, Central Europe, will become regional director of Western Europe. Both men will join the group's management board on May 1. In a note posted on its website, BAT said that it was conducting a review of the composition of its regions and, given the proposed acquisition of Skandinavisk Tobakskompagni, the time was right to manage Europe as two separate units. 'The Group intends to fully reflect the changes resulting from this review, including the separation of Europe into two regions, in terms of both its internal and external reporting from 1 January 2009,' the note said. Enditem