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Imperial Brands PLC (LON:IMB) has today confirmed that following the announcement on 3 February 2020 of the appointment of Stefan Bomhard as Chief Executive Officer, he will join the business and be appointed to the Board with effect from 1 July 2020. This announcement is made in accordance with Listing Rule 9.6.12R. Join us on our new LinkedIn page Follow us …

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Imperial Brands PLC (LON:IMB) today issued the following AGM trading update: Tobacco trading remains in line with expectations, with a weighting to the second half as previously guided. However, following the US FDA’s ban on certain flavours of cartridge-based vapour devices and weaker than expected consumer demand for vapour, we now expect constant currency full year Group net revenue to be …

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Imperial Brands PLC (LON:IMB) today announced that Stefan Bomhard is to join the Board as Chief Executive Officer, effective at a date to be announced. Stefan will join from Inchcape plc, where he has been Chief Executive for around five years. Thérèse Esperdy, Chair of the Board said: “After a thorough search process, which attracted strong, high calibre interest, the Board …

Imperial Brands

Imperial Brands announces new Chairman

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Imperial Brands (LON:IMB) announced that Thérèse Esperdy, currently Senior Independent Director, will succeed Mark Williamson as Chairman, effective 1 January 2020. The Company announced in February that Mark would be stepping down as Chairman in anticipation of the requirements of the new UK Corporate Governance Code regarding a Chairman’s tenure on a Board. Thérèse Esperdy said: “It is a privilege …

Imperial Brands Tobacco value creation model continues to produce high margin sales growth

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Imperial Brands (LON:IMB) has announced its preliminary results for the year ended 30 September 2019. “2019 has been a challenging year with results below our expectations due to tough trading in Next Generation Products (NGP). We are implementing actions to drive a stronger performance in the coming year. “Our resilient tobacco value creation model continues to produce high margin sales …

Imperial Brands

Imperial Brands CEO Alison Cooper to step down

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Imperial Brands (LON:IMB) today announced that Chief Executive Officer Alison Cooper and the Board have agreed that she will step down from the role of CEO and from the Board once a suitable successor is found. As CEO, Alison has driven a sharper focus on Imperial’s strongest brands and markets, halving the number of cigarette brands to ensure a higher …

Imperial Brands

Imperial Brands PLC Disappointing growth for the year

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Imperial Brands PLC (LON: IMB) today announced that, in light of a challenging NGP market in the USA and changes to our results expectations in the Africa, Asia and Australasia (AAA) division, Group net revenue for the year to 30th September 2019 is now expected to grow at around 2%, with EPS expected to be broadly flat at constant currencies. …

Imperial Brands PLC Revised Capital Allocation and Shareholder Distributions policy

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Imperial Brands PLC (LON:IMB) today announced a revised capital allocation and shareholder distributions policy to support continued growth and optimised returns for shareholders. The Board reaffirms the 10% dividend growth in respect of the final dividend for the current financial year ending 30 September 2019. Thereafter, the revised dividend policy will be progressive, growing annually from the current level, taking …

Imperial Brands PLC Foundations set for accelerated revenue growth

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Imperial Brands PLC (LON:IMB), today announced interim results for the six months ended 31 March 2019. “This has been another half of pleasing underlying tobacco performance enhanced by the growing contribution of our NGP business, with overall revenues up 2.5 per cent; and Europe and the Americas both growing revenue by 4%. In tobacco, we continue to focus on our …

Imperial Brands PLC Directorate Change

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Imperial Brands PLC (LON:IMB) today announced the following changes to its Board. Jon Stanton will join the Board with immediate effect and will also be a member of the Audit Committee and Succession & Nominations Committee. Jon was appointed Chief Executive of Weir Group PLC in 2016, having previously been CFO from 2010. Prior to that he spent 22 years …