Altria Announces Election of Jacinto Hernandez to Altria’s Board of Directors and Retirement of Board Member Leo Kiely
October 27 2022 - 7:15AM
Business Wire
Altria Group, Inc. (NYSE: MO) is pleased to announce that
Jacinto “Jase” Hernandez will join our Board of Directors (Board)
on November 1, 2022.
“Jase brings a significant and deep understanding of the tobacco
landscape following his years as an investment analyst covering the
U.S. tobacco industry,” said Kathryn McQuade, our independent Board
Chair. “Our Board believes that his industry expertise and
financial background will help further advance Altria’s focus on
Moving Beyond Smoking in pursuit of its Vision.”
Mr. Hernandez served as a partner and investment analyst for
Capital Group and its subsidiary, Capital World Investors. He
joined the Capital Group companies in August 2000 and retired in
June 2022 after having spent 22 years covering a variety of
industries, including U.S. tobacco, helping lead the research
portfolio for one of the largest growth mutual funds in the world
and serving in key leadership roles. Mr. Hernandez is a director of
Pioneer Natural Resources Company (NYSE: PXD).
He will serve as a member of the Finance and Innovation
Committees.
In addition, W. Leo Kiely III, a director since 2011, will
retire from service on our Board following completion of his
current term. Consequently, Mr. Kiely will not stand for
re-election to our Board at Altria’s 2023 Annual Meeting of
Shareholders.
“We thank Leo for his many contributions in his more than a
decade of service to Altria,” said Ms. McQuade.
Altria’s Profile
We have a leading portfolio of tobacco products for U.S. tobacco
consumers age 21+. Our Vision by 2030 is to responsibly lead the
transition of adult smokers to a smoke-free future (Vision). We are
Moving Beyond Smoking™, leading the way in moving adult smokers
away from cigarettes by taking action to transition millions to
potentially less harmful choices - believing it is a substantial
opportunity for adult tobacco consumers, our businesses and
society.
Our wholly owned subsidiaries include leading manufacturers of
both combustible and smoke-free products. In combustibles, we own
Philip Morris USA Inc. (PM USA), the most profitable U.S. cigarette
manufacturer, and John Middleton Co. (Middleton), a leading U.S.
cigar manufacturer. Our smoke-free portfolio includes ownership of
U.S. Smokeless Tobacco Company LLC (USSTC), the leading global
moist smokeless tobacco (MST) manufacturer, and Helix Innovations
LLC (Helix), a leading manufacturer of oral nicotine pouches.
Additionally, we have a majority-owned joint venture, Horizon
Innovations LLC (Horizon), for the U.S. marketing and
commercialization of heated tobacco stick products and, through a
separate agreement, we have the exclusive U.S. commercialization
rights to the IQOS Tobacco Heating System® and Marlboro HeatSticks®
through April 2024.
Our equity investments include Anheuser-Busch InBev SA/NV (ABI),
the world’s largest brewer, Cronos Group Inc. (Cronos), a leading
Canadian cannabinoid company, and JUUL Labs, Inc. (JUUL), a U.S.
based e-vapor company.
The brand portfolios of our tobacco operating companies include
Marlboro®, Black & Mild®, Copenhagen®, Skoal® and on!®.
Trademarks and service marks related to Altria referenced in this
release are the property of Altria or our subsidiaries or are used
with permission.
Learn more about Altria at www.altria.com and follow us on
Twitter, Facebook and LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221026005720/en/
Altria Client Services Investor Relations 804-484-8222
Altria Client Services Media Relations 804-484-8897
Altria (NYSE:MO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Altria (NYSE:MO)
Historical Stock Chart
From Sep 2023 to Sep 2024