Promotions And Appointments at RAI

Source from:  Tobacco Reporter 12/06/2010

Reynolds American Inc. has elected John P. Daly, chief operating officer of British American Tobacco PLC., to the RAI board of directors. In October, RAI announced that its chairman, president and chief executive officer, Susan M. Ivey, plans to retire on February 28, 2011. Thomas C. Wajnert became chairman of RAI's board of directors on Nov. 1, 2010. Daniel M. Delen was named to replace Ivey as president and CEO of RAI, effective March 1, 2011. Delen is currently chairman, president and CEO of R.J. Reynolds Tobacco Co., and will become president- and CEO-elect of RAI on Jan. 1, 2011. Andrew D. Gilchrist has been promoted to president and chief commercial officer of R.J. Reynolds Tobacco Co., effective Jan. 1, 2011. Gilchrist is currently executive vice president and chief information officer of RAI Services Co., a subsidiary of RAI that provides certain services to RAI and its operating companies through services agreements. He also serves as executive vice president and chief financial officer of R.J. Reynolds Tobacco Co. Randall M. Spach, currently vice president of operations at American Snuff Co., has been named president of that company, effective Jan. 1, 2011. Bryan K. Stockdale, currently president and CEO of American Snuff Co., plans to retire on March 31, 2011. Thomas R. Adams, currently executive vice president and chief financial officer of RAI and RAI Services, will also take on the role of chief information officer, effective Jan. 1, 2011. RAI's business development function will also begin reporting to Adams at that time. As part of a reorganization of the RAI Services law department undertaken by E. Julia Lambeth, currently executive vice president and general counsel of RAI, some roles in the department have been realigned. Lambeth will leave the company at year-end 2010. Martin L. Holton III, who is currently senior vice president and deputy general counsel of RAI Services and senior vice president, general counsel and secretary of R.J. Reynolds Tobacco Co., has been named executive vice president and general counsel of RAI, effective Jan. 1, 2011. Mark A. Peters, currently vice president of finance for RAI Services, will be promoted to senior vice president of decision support for RAI Services. He will also serve as chief financial officer of R.J. Reynolds Tobacco Co. "Having leadership-level internal candidates of this caliber is a testament to investment in talent development and succession planning over the years by Reynolds American and its operating companies," said Susan Ivey, RAI's president and CEO. "We are very fortunate to have highly experienced professionals ready to step up and take the companies to the next level of success and leadership," she said. In addition to these executive changes, the RAI board of directors also elected John P. Daly to membership on the board, to fill the vacancy created by Nicandro Durante's resignation. Durante is currently BAT's chief executive designate, and will become BAT's chief executive in February 2011. He had served on RAI's board since December 2008. Daly's election to board membership was effective Dec. 1, 2010. Enditem