British American Tobacco announced Tuesday that Chief Financial Officer Soraya Benchikh is stepping down after 15 months in the role, effective immediately.
The maker of Lucky Strike cigarettes said Benchikh, who rejoined the company in May 2024, will remain available to support the transition until the end of the year.
BAT has launched a search for a permanent successor and named Javed Iqbal, its director of digital and information, as interim CFO.
Iqbal previously served as the company's interim finance director for a year until April 2024, according to the company.
Chief Executive Tadeu Marroco reaffirmed the company's outlook, stating that BAT is "firmly on track to deliver our full year guidance."
"On behalf of the Board, I would like to thank Soraya for her contribution, most recently in her role as Chief Financial Officer since rejoining the Group in May 2024," Marroco said in a statement.
Benchikh said in a separate statement, "Now is the right time for me to move on to my next transformation."
More from this issuer
Related coverage
British American Tobacco said Wednesday it will buy back €806.8 million of its euro-denominated bonds after a successful tender offer, and plans to redeem the remaining securities.
British American Tobacco said Tuesday that Chief Financial Officer Soraya Benchikh is stepping down with immediate effect, after 15 months in the role.