Reynolds American CEO to leave role at year’s end
Susan M. Cameron, currently RAI’s president and CEO, will become executive chairman of the board of directors on January 1, 2017.
Ms. Cameron will serve as executive chairman until May 2017, at which time she is expected to become the non-executive chairman.
Ms. Cameron was named CEO of RAI at the time the company was formed in 2004. She retired from the company in 2011, but returned as CEO in 2014.
Debra A. Crew, currently president and chief operating officer of R.J. Reynolds Tobacco Company, RAI’s largest subsidiary, has been named president - and CEO-elect of RAI, and will become president and CEO of RAI on January 1, 2017.
She will also become a member of the RAI board when she becomes CEO.
The company also announced that Joseph P. Fragnito, the former president of the U.S. beverages and snack nuts business unit of the Kraft Heinz Company, will join R.J. Reynolds Tobacco Company as president and chief commercial officer on October 24.
Mr. Fragnito joined Kraft Foods Group in 2000, and has spent his career in marketing and innovations roles with the company.
He has managed a number of iconic brands including Planters nuts, Maxwell House coffee, Capri Sun and other beverages, Oscar Mayer meats and meals, and Claussen pickles.
In addition, he helped lead the integration planning of Kraft Foods and H.J. Heinz Company in the months preceding those companies’ July 2015 merger, and left the company in August 2016.
Mr. Fragnito is a 1995 graduate of the U.S. Military Academy at West Point, and served as an infantry officer in the U.S. Army for five years, rising to the rank of captain.