British American Tobacco (Malaysia) Berhad (BAT Malaysia or “BATM”) today announced that its current Managing Director, Jonathan Reed, has resigned from his position to take up the role of Group Head of Combustibles with British American Tobacco PLC (“the Group”) from 1 September 2021.
Reed will be succeeded by Nedal Salem, currently Managing Director and Chief Executive Officer of Ceylon Tobacco Company PLC (“CTC”).
In a career spanning over two decades in senior Marketing and General Management roles in Europe, the Middle East, Indonesia, the South Pacific and in his current role in Kuala Lumpur, Reed has left behind a strong legacy of leadership and transformative commercial results across the BAT Group, none more so than in his role leading BATM.
During his tenure at BATM, Reed has been instrumental in returning the company to growth after years of decline, overseeing share, volume and profit growth as well as leading a fundamental talent and leadership reboot and significant fight against the tobacco black market.
For the first half of 2021, BATM achieved a profit from operations of RM193 million, a 25% increase from the RM154 million recorded in the same period last year while revenue for the same period increased by 13% to RM1.16 billion compared to the same period last year. BATM also declared a second interim dividend of 24.0 sen per share, amounting to RM69 million to be paid out on 20 August 2021 to shareholders.
Tan Sri Dato’ Seri (Dr) Aseh bin Haji Che Mat, Chairman of BATM’s Board of Directors, said, “On behalf of the Board, we thank Jonathan for his visionary leadership and accomplishments during his tenure as Managing Director. We have seen a remarkable business turnaround under his leadership and wish Jonathan the very best in his next appointment.”
He also added, “The Board would also like to welcome Nedal Salem to BAT Malaysia. With his solid experience, we are confident that he will be able to take us to greater heights, banking on the strengthened position we are currently in, for A Better TomorrowTM.”
BATM’s incoming Managing Director, Nedal Salem, joined BAT in 1998 as Country Manager in Jordan and Area Group Brand Manager for the Middle East. He later held the positions of Area Head of Strategy in BAT Middle East from 2006-2008, Global Senior Brand Manager in BAT UK from 2008-2011, Director Brand Marketing in BAT South Korea from 2011-2015 and Head of Brand Marketing in BAT Indonesia.
Prior to taking on the role as Managing Director at BATM, Salem had been the Managing Director and CEO of CTC since May 2019 and has led CTC in one of its most challenging periods.
During Salem’s tenure, CTC achieved significant milestones in its corporate governance framework, talent strategy and ESG agenda with a specific focus on becoming the first seed-to-smoke end market to achieve carbon neutrality within the Group.
Salem holds a Bachelor of Arts (BA) in International Business from George Washington University.