RICHMOND, Va., Feb. 8, 2018 /PRNewswire/ -- David C. Moore, Senior Vice President and Chief
Financial Officer of Universal Corporation (NYSE: UVV) ("Universal"
or the "Company"), has announced his plans to retire effective
August 31, 2018. The Board of
Directors has named Johan C. Kroner,
currently Senior Vice President, to succeed Mr. Moore as Chief
Financial Officer as of September 1,
2018.
Mr. Moore has been with Universal since 1978 and has served as
Chief Financial Officer since 2008. He began his career in the
areas of finance and international operations and became Vice
President and Chief Administrative Officer in 2006. Prior to
that, Mr. Moore was responsible for oversight of the Company's
administrative offices in Europe
from 1999 to 2005.
Mr. George C. Freeman, III,
Chairman, President and Chief Executive Officer stated, "David's
vast experience with the Company has been a tremendous asset to me
and the rest of management. We will miss him dearly, but we are all
excited for him as he embarks on his next adventure in life."
Mr. Moore said, "I have been fortunate to spend more than 40
years with Universal in an extremely rewarding career, and I have
been honored to be part of a great team of extraordinary people. I
will retire knowing that the Company is well positioned and in good
hands. I look forward to continuing to work with Johan to ensure a
successful transition of my responsibilities."
Mr. Kroner has been with the Company since 1993 and has served
in numerous positions of increasing responsibilities in finance and
operations, including overseas assignments in England and Italy. He brings an in-depth knowledge of the
Company's worldwide operations to his future
responsibilities. Mr. Kroner received undergraduate degrees
in Economics and Management from Rutgers
University – Camden and an MBA from Temple University.
Mr. Kroner noted, "Since joining Universal, David has been
instrumental in my career development. We have worked closely
together both in Richmond and
overseas. David's exemplary work ethic, guidance and knowledge will
be missed. However, I am confident that the experienced and
dedicated team that David has assembled will assist me as I assume
this important role. I would like to thank him and the rest
of the management team for their confidence and support."
Headquartered in Richmond,
Virginia, Universal Corporation is the leading global leaf
tobacco supplier and conducts business in more than 30
countries. Its revenues for the fiscal year ended
March 31, 2017, were $2.1 billion. For more information on Universal
Corporation, visit its website at www.universalcorp.com.
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SOURCE Universal Corporation