BAT Kenya’s Managing Director Crispin Achola and Finance Director Philemon Kipkemoi are set to leave the cigarette manufacturer as part of a reorganisation by its UK-based parent company.
The Nairobi Securities Exchange-listed firm did not give reasons for their impending departure.
Mr Achola, who took the job on January 1, 2021, will resign after five-and-a-half years on June 15, 2026.
“Mr Crispin Achola … will continue to provide support to the Company to ensure a smooth and orderly transition during this period. Crispin’s tenure has been marked by strong dedication and strategic leadership,” BAT said in a statement.
“Bringing over 30 years of cross-market experience and commercial acumen, he has guided the company through complex regulatory and market conditions. Under his leadership, he strengthened the company’s operational resilience, reinforced its export franchise and advanced its strategic agenda to ensure long-term competitiveness and sustainability.”
The company added that its share price performance and consistent dividend track record during his tenure reflect disciplined execution and the positive impact of his leadership on the firm’s success.
Mr Achola will be replaced by BAT Kenya’s former finance director Sidney Wafula who currently serves as the finance director for BAT Sub-Saharan Africa.
Mr Kipkemoi, who has been with the company for 19 years, will step down from his role at the end of this month. He was appointed the finance director in 2020.
“His leadership has strengthened financial governance and guided major strategic and transformational initiatives. He leaves the Company well positioned, with an empowered organisation ready to continue with the momentum,” BAT said of Mr Kipkemoi.
Ms Catherine Chepkong’a will take over as the finance director effective April 1, 2026. She has worked with the cigarette maker’s parent firm in various markets since 2012.
“The board congratulates and welcomes both Mr Sidney Wafula and Ms Catherine Chepkong’a and looks forward to their contribution and to working together with them to advance the company’s strategic priorities,” BAT said.
The company is set to pay a record total dividend of Sh70 per share for the year ended December 2025 when its net profit rose 17 percent to Sh5.25 billion on lower operating costs.
