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In Money Matters

Alison Cooper will leave Imperial Brands

3rd October 2019

Alison Cooper will leave Imperial Brands Pin It

Alison Cooper of the British tobacco manufacturer Imperial Brands will leave as soon as a successor is found. Last week the company came out with a profit warning, due to disappointing sales of vaping items after a series of deaths associated with the use of such e-cigarettes.

Cooper has been the head of the company that has been selling cigarette brands like Gauloises, Winston, Davidoff and Rizla papers for nine years. As long as the search for a successor is ongoing, Cooper continues to focus on its duties as Imperial Chairman, including a sale of the cigarette branch.

Vapes is an alternative to smoking in which a nicotine-containing liquid is evaporated. After the earnings alarm, the share price of Imperial fell sharply.

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