Imperial Brands Plc is expected to announce that Mark Williamson will step down as chairman of the company in the coming months following the introduction of more stringent corporate governance rules, The Times reported on Monday.
The tobacco group has been in succession planning over Williamson's tenure and could soon confirm his resignation, the Times said.
Imperial Brands was not immediately available for comment.
In its full year to 30 September, Imperial Brands posted a 2% increase in net revenue, including a 1% tobacco revenue rise.
“FY18 was a successful year of delivery against our strategy and I’m pleased with the progress we are making in creating something better for the world’s smokers,” chief executive Alison Cooper commented at the time.