- Push-out Score determined
- After around nine years in the position
- Accolades, praise and thanks for Cooper
- Search for a successor
(exechange) — Bristol, United Kingdom, October 3, 2019 — Alison Cooper, chief executive of Imperial Brands, leaves. As announced by Imperial Brands Plc in a news release on Thursday, October 3, 2019, Alison J. Cooper leaves her post as Chief Executive Officer at the British multinational tobacco company after around nine years in the role, effective once a suitable successor is found.
Imperial Brands will undertake a search for a successor.
No reason given
In the announcement, Imperial Brands did not explicitly explain the reason for Alison Cooper’s move.
Precise information regarding Alison Cooper’s future plans was not immediately available.
Imperial Brands said: “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.”
Share price decline
The announcement follows a decline in Imperial Brands Plc’s share price of 48% since January 2017.
Chaired by Mark Williamson
Imperial Brands Plc is chaired by Mark Williamson.
Mark Williamson joined the Board in July 2007 and was appointed Senior Independent Non-Executive Director in February 2012. He was subsequently appointed Deputy Chairman of the Board in January 2013 before being made Chairman in February 2014.
In the position of CEO since 2010
Alison Cooper became CEO of the Company in May 2010.
Since being appointed Chief Executive Alison Cooper has led the development and implementation of the Group’s sustainable sales growth strategy.
Alison Cooper joined the Group in 1999 and, through a number of senior roles, has contributed significantly to the international expansion of the Group including leading the Altadis acquisition team.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Imperial Brands and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 40.2019 ($).