Altria Group, Inc. Director & Chairman of the Board of Directors Thomas F. Farrell II Announces Decision to Retire From Altri...
March 23 2021 - 4:30PM
Business Wire
Thomas F. Farrell II, a director of Altria Group, Inc.
(“Altria”) since 2008 and independent Chairman of Altria’s Board of
Directors (the “Board”), notified Altria of his decision to retire
from service on the Board following the completion of his current
term. Consequently, Mr. Farrell will not stand for re-election to
the Board at Altria’s 2021 Annual Meeting of Shareholders, which is
presently anticipated to be held on May 20, 2021. The Board will
evaluate Board leadership succession and intends to appoint a new
Chairman at its organizational meeting following the 2021 Annual
Meeting.
“Tom’s contributions over the past 13 years have been
immeasurable,” said Billy Gifford, Altria’s Chief Executive
Officer. “We thank him for his distinguished service and wish him
the very best.”
Mr. Farrell is the Chairman of the Board, Chair of the Executive
Committee and a member of the Compensation and Talent Development
and Nominating, Corporate Governance and Social Responsibility
Committees. Mr. Farrell has served as the Executive Chairman of
Dominion Energy, Inc. (“Dominion”), one of the nation’s largest
producers of energy, since October 2020, having previously served
as Chairman, President and Chief Executive Officer of Dominion from
2007 through September 2020.
Altria’s Profile
Altria has a leading portfolio of tobacco products for U.S.
tobacco consumers 21+. Altria’s Vision through 2030 is to
responsibly lead the transition of adult smokers to a
non-combustible future. Altria is 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, Altria’s businesses and society.
Altria’s wholly owned subsidiaries include the most profitable
tobacco companies in their categories: Philip Morris USA Inc. (PM
USA), U.S. Smokeless Tobacco Company LLC (USSTC), and John
Middleton Co. (Middleton). Altria’s non-combustible portfolio
includes majority ownership of Helix Innovations LLC (Helix), the
maker of on! oral nicotine pouches, exclusive U.S.
commercialization rights to the IQOS Tobacco Heating System® and
Marlboro HeatSticks®, and an equity investment in JUUL Labs, Inc.
(JUUL).
Altria complements its tobacco portfolio with ownership of Ste.
Michelle Wine Estates Ltd. (Ste. Michelle) and equity investments
in Anheuser-Busch InBev SA/NV (ABI), the world’s largest brewer,
and Cronos Group Inc. (Cronos), a leading Canadian cannabinoid
company.
The brand portfolios of Altria’s tobacco operating companies
include Marlboro®, Black & Mild®, Copenhagen®, Skoal® and on!®
. Ste. Michelle produces and markets premium wines sold under
various labels, including Chateau Ste. Michelle®, 14 Hands® and
Stag’s Leap Wine Cellars™, and it imports and markets Antinori® and
Champagne Nicolas Feuillatte™ products in the United States.
Trademarks and service marks related to Altria referenced in this
release are the property of Altria or its subsidiaries or are used
with permission.
Learn more about Altria at www.altria.com and follow us on
Twitter, Facebook and LinkedIn.
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