BAT CFO exits abruptly; Stock sentiment stays bullish on growth
British American Tobacco (BAT) announced the sudden exit of CFO Soraya Benchikh, with Javed Iqbal stepping in as interim. Despite the leadership shift, retail sentiment remains bullish as BAT doubles down on smokeless products, which now make up 18% of US revenue. Shares have more than doubled since 2024, hitting fresh record highs last week.