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BAT CFO Soraya Benchikh Steps Down Immediately After 15 Months
LONDON, 26 August 2025 – British American Tobacco (BAT), the famed maker of Lucky Strike and Dunhill brands, has announced that Chief Financial Officer (CFO) Soraya Benchikh is stepping down with immediate effect, after serving in the role for approximately 15 months.
Leadership Transition
BAT has appointed Javed Iqbal—who previously served as interim finance director from May 2023 to April 2024—to once again assume the position of interim CFO. The company has initiated a search for a permanent successor.
Benchikh’s Return to BAT
Benchikh originally rejoined BAT as CFO in May 2024, returning after a high-profile stint at Diageo, where she was President for Europe. Prior to that, she had over two decades of experience at BAT in several regional and executive finance roles.
Reason for Departure
In her statement, Benchikh cited her intent “to move on to my next transformation,” indicating that she is ready to embark on new challenges. Nonetheless, she has stated she will remain available to assist with the transition through the end of 2025.
BAT’s Recent Performance
This leadership shift comes on the heels of BAT posting stronger-than-expected first-half profits in July 2025, buoyed by significant growth in its U.S. business—the first such growth in three years. The result suggests a potential turnaround in their largest market amid changing consumer demands and evolving tariffs.,
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