CEO of recently acquired tobacco company to depart

Markets Associated Press

The top executive of tobacco giant Reynolds American Inc. will step down after one year in the role.

Continue Reading Below

The Winston-Salem Journal reports that Reynolds' parent company, British American Tobacco PLC, said Tuesday that 46-year-old Debra Crew will depart as CEO at year's end, thus removing legacy Reynolds management. She'll be replaced by Ricardo Oberlander, a Reynolds board member who currently serves as BAT's regional director for the Americas.

Reynolds spokesman David Howard called the management change "purely a personal decision" by Crew, who he said was pursuing other opportunities.

Crew had been with Reynolds since 2014, and assumed the helm of the North Carolina-based company in January. BAT CEO Nicandro Durante had praised her management in July, after BAT acquired the 57.8 percent of Reynolds it did not already own.

___

Information from: Winston-Salem Journal, http://www.journalnow.com