British American Tobacco Management
Management criteria checks 4/4
British American Tobacco's CEO is Tadeu Marroco, appointed in Sep 2014, has a tenure of 9.67 years. total yearly compensation is £4.59M, comprised of 25% salary and 75% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth $3.89M. The average tenure of the management team and the board of directors is 3.5 years and 3.4 years respectively.
Key information
Tadeu Marroco
Chief executive officer
UK£4.6m
Total compensation
| CEO salary percentage | 25.0% |
| CEO tenure | 9.7yrs |
| CEO ownership | 0.006% |
| Management average tenure | 3.5yrs |
| Board average tenure | 3.4yrs |
Recent management updates
Recent updates
British American Tobacco: The Dividend Yield Is Very Tempting At These Price Levels
Apr 12British American Tobacco: Yielding 9.63% Looks Like An Opportunity Rather Than A Value Trap
Apr 03British American Tobacco: Undervalued With Bearish Assumptions, 10% Dividend
Mar 21British American Tobacco: It's Still A Value Trap, But I'm Lifting My 'Sell' View
Mar 03British American Tobacco: The Worst May Have Already Been Priced In
Feb 19British American Tobacco: Demystifying The Stability Of 9% Dividend
Feb 11Complete Devastation, Massive Income With British American Tobacco
Jan 29Why I'm Avoiding 10%-Yielding British American Tobacco Stock
Jan 17British American Tobacco: No Growth, No Problem - 33% Upside
Dec 17British American Tobacco: What To Make Of The £25 Billion Bombshell
Dec 06British American Tobacco Vs. Altria: Which Is The Better Dividend Choice?
Nov 30British American Tobacco: A Great Play In The Tobacco Space
Nov 14British American Tobacco: Priced For Decline But I Think It Will Grow
Oct 02British American Tobacco: Get An 8.4% Yield Plus An Upside Catalyst
Sep 24The Long Thesis On British American Tobacco Amid The Current Tobacco Industry Backdrop
Aug 27Buy Like Buffett: British American's 9.3% Yield Is The Highest In 23 Years
Aug 188.6%-Yielding British American Tobacco: As Good As It Gets
Aug 08British American Tobacco: Free Cash Flow In Focus Ahead Of H1 Earnings, Compelling Valuation
Jul 14Is British American Tobacco A Dividend Stock To Buy, Sell, Or Hold?
Jul 07British American Tobacco Vs. Philip Morris: One Seems More Undervalued
Jun 14British American Tobacco: Buy The Blood Bath - 8.79% Income Yield
Jun 04British American Tobacco: Unwarranted Fear
May 23Organigram CEO Beena Goldenberg - Expanding Beyond Canada (Transcript)
Feb 22British American Tobacco: Best Time In 20 Years To Buy This 7.4%-Yielding Aristocrat
Feb 16British American Tobacco Non-GAAP EPS of 371.40p, revenue of £27.66B; initiates FY23 guidance
Feb 09British American Tobacco Keeps Delivering Profits But Risks Cannot Be Ignored
Jan 19British American Tobacco: Huge Opportunities In New Products
Jan 10British American Tobacco: Cheap Enough To Take On A Recession
Jan 02British American Tobacco goes ex-dividend tomorrow
Dec 21British American Tobacco expects FY2022 sales growth in the range of 2% to 4%
Dec 08British American Tobacco: 7.25% Dividend Stock With Solid Cash Flow
Oct 27Altria And British American Tobacco: Take The Dividends, Stay Out Of The Fed's Way
Sep 27British American Tobacco: Offering 7% Yield Thanks To The Recent Pullback
Sep 21British American Tobacco: Headwinds Gathering Since H1, But Cheap With 6%+ Dividend Yield
Sep 12Altria And British American Tobacco: Buffett 10x EBT Rule Reveals 14% Equity Bond Like Yield
Aug 19British American Tobacco Should Opportunistically Suspend Its Dividend
Aug 12British American Tobacco: Our Top July Pick
Jul 20Altria, British American Tobacco, And Ray Dalio Positions
Jul 11CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | UK£5m | UK£1m | -UK£14b |
| Sep 30 2023 | n/a | n/a | -UK£3b |
| Jun 30 2023 | n/a | n/a | UK£9b |
| Mar 31 2023 | n/a | n/a | UK£8b |
| Dec 31 2022 | UK£5m | UK£803k | UK£7b |
| Sep 30 2022 | n/a | n/a | UK£6b |
| Jun 30 2022 | n/a | n/a | UK£5b |
| Mar 31 2022 | n/a | n/a | UK£6b |
| Dec 31 2021 | UK£3m | UK£803k | UK£7b |
| Sep 30 2021 | n/a | n/a | UK£6b |
| Jun 30 2021 | n/a | n/a | UK£6b |
| Mar 31 2021 | n/a | n/a | UK£6b |
| Dec 31 2020 | UK£3m | UK£775k | UK£6b |
| Sep 30 2020 | n/a | n/a | UK£6b |
| Jun 30 2020 | n/a | n/a | UK£6b |
| Mar 31 2020 | n/a | n/a | UK£6b |
| Dec 31 2019 | UK£2m | UK£301k | UK£6b |
Compensation vs Market: Tadeu's total compensation ($USD5.73M) is below average for companies of similar size in the US market ($USD13.56M).
Compensation vs Earnings: Tadeu's compensation has been consistent with company performance over the past year.
CEO
Tadeu Marroco (57 yo)
9.7yrs
Tenure
UK£4,588,000
Compensation
Mr. Tadeu Luiz Marroco serves as Executive Director at British American Tobacco p.l.c. since August 5, 2019 and served as its Transformation Director since February 2021 until 2023. He serves as Chief Exec...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Member of Management Board & Executive Director | 9.7yrs | UK£4.59m | 0.0060% £ 3.9m | |
| Interim Group Finance Dire | 2.1yrs | no data | no data | |
| Member of Management Board | less than a year | no data | no data | |
| Chief Strategy & Growth Officer and Member of Management Board | 12.3yrs | no data | 0.0045% £ 2.9m | |
| COO & Member of Management Board | 9.7yrs | no data | 0.0031% £ 2.0m | |
| Director of Legal | 9.3yrs | no data | 0.0035% £ 2.3m | |
| Director of Corporate & Regulatory Affairs and Member of Management Board | less than a year | no data | no data | |
| Director of Business Development & Member of Management Board | less than a year | no data | no data | |
| Marketing Director of Combustibles & New Categories and Member of Management Board | 5.3yrs | no data | 0.0016% £ 1.1m | |
| Regional Director of Asia-Pacific | 3.7yrs | no data | 0.0019% £ 1.3m | |
| Member of the Management Board & Director of Operations | 3.3yrs | no data | 0.00043% £ 280.6k | |
| Director of Research & Science and Member of Management Board | 1.3yrs | no data | no data |
3.5yrs
Average Tenure
50yo
Average Age
Experienced Management: BTI's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Member of Management Board & Executive Director | 4.8yrs | UK£4.59m | 0.0060% £ 3.9m | |
| Independent Non-Executive Director | less than a year | no data | 0.00022% £ 143.5k | |
| Senior Independent Non-Executive Director | 6.8yrs | UK£161.00k | no data | |
| Independent Chairman of the Board | 6.8yrs | UK£729.00k | 0.0041% £ 2.6m | |
| Independent Non-Executive Director | 3.7yrs | UK£132.00k | 0.0010% £ 685.1k | |
| Independent Non-Executive Director | less than a year | no data | no data | |
| Independent Non-Executive Director | 2.3yrs | UK£132.00k | 0.00034% £ 221.8k | |
| Independent Non-Executive Director | 1.7yrs | UK£131.00k | 0.000070% £ 45.7k | |
| Independent Non-Executive Director | 3.4yrs | UK£132.00k | no data |
3.4yrs
Average Tenure
64yo
Average Age
Experienced Board: BTI's board of directors are considered experienced (3.4 years average tenure).