- Imperial Brands announced that Alison Cooper would step down from the role of CEO once a suitable successor was found.

As CEO, Cooper had driven a sharper focus on Imperial's strongest brands and markets, halving the number of cigarette brands to ensure a higher quality of growth, with asset brands now accounting for two thirds of the group's tobacco net revenue, the company said.

She also significantly enhanced Imperial's presence in ‘the highly profitable USA market with the $7bn acquisition of brands and assets in 2014 and has been the architect of the launch and development of Imperial's next generation products business,’ it added.

While the search for a successor continues, Cooper would focus on driving the performance of the business, including the asset divestment programme, which ‘we expect to realise proceeds of up to £2bn by May 2020,’ Imperial said.

Story provided by