Mathu Kiunjuri was named British American Tobacco Uganda’s managing director in October 2017, replacing Dadson Mwaura. Before his elevation, he was the head of trade marketing and distribution at the company
In 2018, three years after a major restructuring that dragged the company’s profits down in 2015 and 2016, British American Tobacco Uganda continued to grow revenue and profit, though at a slower pace than in the previous year
An increase in the prices of its cigarettes due to a rise in excise tax and lower operating costs saw British American Tobacco Uganda improve profitability in 2017, financials released by the company on show
British American Tobacco Uganda on Friday reported a 25% decline in net profit for the year ended December 2016, which it blamed on excise-driven price increases and a tough economy that led to a fall in disposable incomes.
Mwaura took over BATU at the tail end of a restructuring that disposed of its leaf business to focus on cigarette sales. BATU’s net profit fell by 44.8% during his first year in charge, from Shs36.7 billion in 2014 to Shs20.3 billion in 2015