Ronald Bernstein Appointed Non-Executive Chairman of Liggett Vector Brands
February 19 2020 - 8:30AM
Business Wire
Nicholas Anson Appointed President &
COO
Vector Group Ltd. (NYSE: VGR) today announced
that Ronald J. Bernstein, President and Chief Executive Officer of
Liggett Group LLC and Liggett Vector Brands LLC, will retire after
nearly 30 years of service, effective March 31. Mr. Bernstein, 66,
will continue to serve on Vector’s Board of Directors, and has
agreed to transition into the role of Non-Executive Chairman of
Liggett Vector Brands and Senior Advisor to both companies.
Nicholas Anson, current Executive Vice President – Finance,
Administration and Chief Financial Officer of Liggett Vector
Brands, will assume the role of President & Chief Operating
Officer of Liggett Group and Liggett Vector Brands. Mr. Anson
joined Liggett Vector Brands in 2001 and has served in numerous
senior roles over his nearly 20 years with the Company.
Howard M. Lorber, President and Chief Executive Officer of
Vector, said, “On behalf of the Board and Management, we sincerely
thank Ron for his outstanding contributions over a successful
tenure of almost three decades. Under Ron’s leadership, Vector’s
tobacco segment has grown annual revenues to over $1 billion and
gained meaningful market share. We are deeply grateful that we will
continue to benefit from Ron’s perspective and counsel as a Board
member, Senior Advisor and Non-Executive Chairman of Liggett Vector
Brands, and we wish him all the best in his retirement. We
congratulate Nick on his new role and look forward to his ongoing
contributions to Liggett’s success.”
“It has been an honor and privilege to serve this great company
for nearly 30 years, and I look forward to remaining involved with
Liggett in my new roles,” said Mr. Bernstein. “I want to thank my
colleagues for their terrific partnership and collaboration through
the years, and commend Nick on his well-deserved appointment. I am
confident Nick is the right person to lead Liggett and continue its
tremendous success well into the future.”
Vector is a holding company for Liggett Group LLC, Vector
Tobacco Inc., New Valley LLC, and Douglas Elliman Realty, LLC.
Additional information concerning the company is available on the
Company's website, www.VectorGroupLtd.com.
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