By Adriano Marchese

Imperial Brands PLC (IMB.LN) said Thursday that Chief Executive Officer Alison Cooper and the board have agreed that she will step down when a suitable replacement is found.

The tobacco company, which houses Davidoff, Gauloises and JPS among its brands, said that while the search for her successor is underway, Ms. Cooper will focus on driving the performance of the business, including an asset-divestment program. The company added that the program is expected to realize proceeds of up to 2 billion pounds ($2.5 billion) by May 2020.

Write to Adriano Marchese at adriano.marchese@dowjones.com

(END) Dow Jones Newswires

October 03, 2019 02:23 ET (06:23 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Imperial Brands (QX) (USOTC:IMBBY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Imperial Brands (QX) Charts.
Imperial Brands (QX) (USOTC:IMBBY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Imperial Brands (QX) Charts.