London, United Kingdom - July 24, 2017, London, United Kingdom - British American Tobacco (BAT) announced that Lionel L. Nowell, III, Holly Keller Koeppel and Luc Jobin will join the board as independent non-executive directors, subject to and with effect from closing of the proposed acquisition of the remaining 57.8% of Reynolds American.
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Lionel L. Nowell, III has been the Lead Independent Director of the Board of Reynolds since January 2017, having served as a director since 2007.
Mr. Nowell is a member of the Compensation and Leadership Development Committee and the Corporate Governance and Nominating Committee.
He retired as Senior Vice President and Treasurer of PepsiCo in 2009, where he had held senior financial executive roles since 1999.
Prior to PepsiCo, Mr. Nowell was Senior Vice President, Strategy and Business Development at RJR Nabisco, Inc. from 1998 to 1999 and held a variety of senior financial roles at the Pillsbury division of Diageo PLC from 1991 to 1998.
Mr. Nowell is currently a Non-Executive Director at HD Supply Holdings, American Electric Power Company, Inc and Bank of America Corporation.
Holly Keller Koeppel has been an independent director on the Board of Reynolds since 2008.
Ms. Keller Koeppel is Chair of the Regulatory, Sustainability and Public Policy Committee and a member of the Audit and Finance Committee.
Ms. Keller Koeppel is a Senior Advisor to Corsair Capital LLC, where she served as Managing Partner and Co-Head of Infrastructure from 2015 until her retirement in 2017.
From 2010 to 2015, she served as Co-Head of Citi Infrastructure Investors and prior to 2010 she held financial and executive management roles with American Electric Power Company, Inc and Consolidated Natural Gas Company.
Ms. Keller Koeppel currently holds Non-Executive Director roles at Vesuvius and AES Corporation.
Luc Jobin has been an independent director on the Board of Reynolds since 2008.
Mr. Jobin is a member of the Audit and Finance Committee.
He is President and Chief Executive Officer of Canadian National Railway Company, a position he has held since 2016, having served as Executive Vice President and Chief Financial Officer since 2009.
Mr. Jobin was Executive Vice President of Power Corporation of Canada from 2005 to 2009. ■
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