Imperial Brands CEO to Retire After Push to Focus on Tobacco

Imperial Brands Plc Chief Executive Officer Stefan Bomhard is retiring after five years in charge of the British tobacco maker, which turned its focus back to cigarettes and boosted shareholder returns on his watch.

Bomhard, 58, who will step down in October, will be replaced by current Chief Financial Officer Lukas Paravicini, 60, a former Nestle veteran who joined Imperial Brands in May 2021.