Investing.com — announced Thursday that Dragos Constantinescu will join the company as Chief Financial Officer and Executive Director, effective September 1.
Constantinescu currently serves as CEO of Asahi Europe & International and has been with Asahi Breweries since 2019. At Asahi Breweries, he held senior leadership positions across Europe, including Managing Director for Czech, Slovakia, Germany & Austria and Managing Director for Romania & Hungary.
Before joining Asahi, Constantinescu spent 16 years at BAT, where he held senior finance and general management roles, including General Manager for Central Europe North and Finance Director and General Manager for BAT Poland.
Javed Iqbal will continue as Interim Chief Financial Officer until Constantinescu’s appointment. Following the transition, Iqbal will return to his role as Director, Digital & Information.
“He brings a strong combination of financial expertise, broad enterprise leadership and international experience in both Nicotine and the wider FMCG sector,” said Luc Jobin, Chair of the Board.
Tadeu Marroco, Chief Executive, said Constantinescu’s international experience and understanding of BAT will be key assets as the company focuses on quality growth and the delivery of its mid-term growth algorithm.
Constantinescu will receive a base salary of £820,000 per year. Other elements of his compensation will align with the terms of the Directors’ Remuneration Policy approved by shareholders at the AGM in April 2025. Replacement awards will be made to cover the value of lost short and long-term incentive awards, subject to malus and clawback provisions.