Reynolds: Adams to Step down Feb. 28

Source from:  Winston-Salem (NC) Journal 02/11/2015

Reynolds American Inc. said in a regulatory filing Friday that Thomas Adams' last day as its No. 2 executive will be Feb. 28, with Andrew Gilchrist succeeding him officially March 1.

Reynolds said in December that Adams, 64, would retire as chief financial officer this spring. He has served in that role for seven years and has been with the company since 1999. He also will step down as chief information officer of subsidiary RAI Services Co.
 
Gilchrist, 42, has been assuming some of Adams' duties since January.

Adams will remain as an executive vice president to assist the company in integrating the operations it takes over from Lorillard Inc. if federal regulators approve of its $27.4 billion offer for its Triad rival.

Adams made $710,875 in salary, $1.06 million in non-equity incentive-plan compensation and $5.2 million in total compensation in fiscal 2013. Gilchrist made $557,675 in salary, $762,254 in nonequity incentive-plan compensation and $3.19 million in total compensation. Enditem