Imperial Brands appoints Lukas Paravicini as new CFO

Imperial Brands has appointed Lukas Paravicini as its new chief financial officer, with Oliver Tant due to step down after seven years in the role.

Paravicini, who is currently the CFO of agricultural commodities and brokerage group ED&F Man Holdings, will be appointed to the board on 5 August or at an earlier date to be announced.

Chief executive officer Stefan Bomhard said: "I am delighted to welcome Lukas to the business. He is a disciplined, results-oriented leader with a proven track record in international consumer goods companies.

"As well as his impeccable finance credentials, Lukas has considerable operational experience, as well as expertise in driving transformational change including in global shared services in large international organisations. These qualities will be invaluable to Imperial as we implement our new strategy."

Before joining ED&F Man Holdings, Paravicini held senior positions at Fonterra, a New Zealand and Australia listed co-operative and the world's largest dairy exporter. He was CFO from 2013 to 2017 and chief operating officer of the global consumer and foodservice business from 2017 to 2018.

Prior to that, he spent 22 years with Nestle in various senior finance and general management roles.