Imperial Brands PLC (LON:IMB) announced its chief financial officer Oliver Tant has decided to retire after seven years with the tobacco firm.
He will remain in his post until a suitable successor is found.
READ: BAT downgraded by Jefferies, while Imperial Brands gets price hike
Tant will continue to receive his base salary, pension and benefits through to his retirement, so he remains eligible for a bonus in the current financial year.
Shares shed 2% to 1,266.73p on Thursday morning.
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