Lambert & Butler owner Imperial Brands is facing a plot to remove boss Alison Cooper
Stephen Hird/Stephen Hird
Tobacco giant Imperial Brands has been shaken by a plot to oust chief executive Alison Cooper and chairman Mark Williamson.
Shareholders in the Lambert & Butler and Gauloises owner have been left angered at the FTSE 100 titan’s performance with its share price roughly at the same level as five years ago.
A rebellion that saw almost a fifth of investors call for Williamson to resign at Imperial Brands’ annual general meeting last week has suddenly shone a spotlight on the board’s track record.
It has subsequently materialised that the revolt also represents growing disenchantment with Ms Cooper’s nine-year tenure.
“You don’t start to sweep the stairs from the bottom,” a major investor said. “Other…