ASH Daily News for 27 January 2017
- Imperial Brands scraps chief executive pay rise after shareholders discontent
- Wales: Call to ban sweet-flavoured e-cigarettes
- Why packaging is commercially vital for tobacco corporations
- BAT agrees purchase of Bosnian FDS tobacco business from Austrian fund
- US: Bipartisan support for Virginia bill to clarify cigarette butts are litter
- Malawi: President fires CEO for tobacco regulator
- What Finland’s plan to be tobacco-free can teach the world
Imperial Brands scraps chief executive pay rise after shareholders discontent
The chief executive of Imperial Brands is unlikely to get a pay rise this year.
Alison Cooper received a total pay package of £5.5m in the last financial year, up from £3.6m the year before. A new pay policy that would have had the effect of taking Ms Cooper’s remuneration to £8.5m in 2017 was expected to be put to a shareholders’ vote on 01 February.
However, in an announcement to the stock exchange, Imperial Brands said it would not put the policy to a vote as originally planned following consultation with shareholders.
– Tobacco giant Imperial Brands rethinks CEO’s pay rise after revolt, The Guardian
– Imperial Brands stubs out its pay policy. But don’t cheer too loudly, The Independent
Source: The Independent, 26 January 2017
Wales: Call to ban sweet-flavoured e-cigarettes
Health officials are calling for a ban on the sale of confectionery-like flavours in e-cigarettes over concerns they appeal to children.
Public Health Wales said it could potentially lead to nicotine addiction in adult life. It recommends restrictions on advertising e-cigarettes in all media regularly viewed by children.
There are also calls for restrictions on the use of e-cigarettes in and around school grounds and a register of retailers to be set up to prevent their sale to under 18s.
Source: BBC News, 26 January 2017
Why packaging is commercially vital for tobacco corporations
A study in Safe Journals examines what British American Tobacco (BAT) and its four publicly listed Asian subsidiary companies have told their shareholders about the commercial value of tobacco packaging. The discourse on packaging in BAT annual reports was analysed, revealing themes of modernisation, rejuvenation, internationalism, heritage, innovation, value for money, and competitive edge. Packaging was credited with providing existing brands with a competitive edge and enabling the successful “launch” of new ones.
The findings provide further evidence from industry sources of the vital function of packaging and further justify plain packaging as an essential part of any comprehensive tobacco control policy.
Source: Sage Journals – 26 January 2017
BAT agrees purchase of Bosnian FDS tobacco business from Austrian fund
British American Tobacco (BAT) has agreed to acquire the tobacco assets of Bosnian holding firm Fabrika Duhana Sarajevo (FDS) from an Austrian fund, the two companies said in a joint statement.
Using financing provided by BAT, Austria’s CID Adriatic Investments (CID) had bought a 78.7% stake in FDS for the total of 84.3 million Bosnian marka (36.67 million pounds).
It first bought a 39.9% stake from the regional government in September and then in December an additional 38.8% stake from small shareholders and funds.
The final agreements will be signed in the next few days and the transaction is expected to be completed in the first half of this year, following an FDS shareholder approval vote and the relevant regulatory approvals.
Source: Euronews – 26 January 2017
US: Bipartisan support for Virginia bill to clarify cigarette butts are litter
A bill that would clarify that cigarette and cigar butts count as litter is advancing at the Virginia General Assembly with bipartisan support.
The legislation, sponsored by Democratic Del. Sam Rasoul, makes clear in Virginia code that the butts count as litter.
Republican Del. Jackson Miller, a former police officer, said the legislation was needed because some judges are dismissing tickets for littering because they don’t consider cigarette butts as trash.
Source: WBOC – 26 January 2017
Malawi: President fires CEO for tobacco regulator
President Peter Mutharika has fired the chief executive officer of tobacco regulator, the Tobacco Control Commission (TCC), Dr Albert Changaya.
No reasons have been provided for the firing.
Source: Nyasa Times – 27 January 2017
What Finland’s plan to be tobacco-free can teach the world
CNN takes a look at the Finnish government’s plan to make the country tobacco-free by 2040.
Source: CNN – 26 January 2017