(Reuters) - British American Tobacco (L:BATS) on Wednesday named Guy Meldrum, the regional director of its Asia-Pacific and Middle East business, as the new head of its U.S. business, Reynolds American (NYSE:RAI).
Meldrum will succeed Ricardo Oberlander, who became president of Newport cigarette maker Reynolds American after it was acquired by BAT in 2017 for $49 billion. (https://reut.rs/3kcleZH)
Meldrum's appointment is effective Sept. 1 2020. The U.S. unit is the biggest contributor to BAT's overall profits.