British American Tobacco Appoints Dragos Constantinescu as CFO

British American Tobacco (BAT) has announced the appointment of Dragos Constantinescu to the position of Chief Financial Officer and Executive Director. The appointment is set to take effect on September 1, 2026. Constantinescu is a returning leader for the tobacco giant, having previously spent 16 years with the organization. During his prior tenure, he held several senior finance and general management roles, including serving as the Finance Director and General Manager for BAT Poland, as well as General Manager for Central Europe North. He joins BAT from Asahi Breweries, where he has served as the CEO of Asahi Europe & International since 2019. This combination of external executive experience and deep internal institutional knowledge is expected to be a primary asset for the company's leadership team. CEO Tadeu Marroco stated that Constantinescu joins the Management Board during a pivotal stage of the company's transformation. The appointment is intended to support BAT's focus on quality growth, the delivery of its mid-term growth algorithm, and the maintenance of robust cash returns. Until the official transition in September, Javed Iqbal will continue to serve as the Interim Chief Financial Officer. Following Constantinescu's start date, Iqbal will return to his role as Director of Digital & Information. Constantinescu noted that the company possesses a clear transformation strategy and is currently building positive momentum toward its 'A Better Tomorrow' initiative.