BAT announces CFO departure, interim appointment ahead of 2025 financial results

British American Tobacco p.l.c. announced that Soraya Benchikh will step down from her role as chief financial officer and from the Board of Directors, effective August 26, 2025. Benchikh will remain available to support the transition until December 31, 2025. The company has initiated a recruitment process for a permanent successor. Javed Iqbal, currently director, digital and information, will assume the role of interim chief financial officer. Iqbal previously served as the company's interim finance director from May 2023 to April 2024.

Tadeu Marroco, chief executive, acknowledged Benchikh's significant contributions across various roles within the group. He noted that the company's performance in the first half of 2025 was slightly ahead of expectations, and BAT remains on track to deliver its full-year guidance for 2025. Benchikh expressed pride in her role in BAT's progress, emphasizing her contributions to financial discipline and moving new categories towards accretive margins and sustainable profitability.

BAT's remuneration arrangements align with the Directors' Remuneration Policy approved by shareholders in April 2025. Further information regarding Soraya Benchikh's departure will be available on bat.com and in the company's Directors' Remuneration Report for the year ended December 31, 2025. The company's revenue in 2024 was £25.9bn, with an adjusted profit from operations of £11.9bn.