Altria Group Announces Election of Kathryn B. McQuade as Chair of the Board
May 11 2021 - 8:30AM
Business Wire
Altria Group, Inc. (“Altria”) (NYSE: MO) is pleased to announce
that, on May 10, 2021, Altria’s Board of Directors (“Board”)
elected Kathryn B. McQuade to serve as the independent Chair of the
Board effective upon the conclusion of Altria’s 2021 Annual Meeting
of Shareholders, which is being held on Thursday, May 20, 2021.
“I am thrilled with Kathryn’s selection to be Altria’s next
independent Board Chair,” said Billy Gifford, Altria’s Chief
Executive Officer. “I believe that her significant expertise,
including in finance, business strategy and working within
regulated industries, will help advance our focus on Moving Beyond
Smoking™.”
Ms. McQuade, who joined the Board in 2012, will be the first
woman to serve as Altria’s Chair of the Board and will oversee a
Board on which more than 72% of its members are women or racially
or ethnically diverse.
“I am honored to take on the role of independent Board Chair for
Altria,” said Ms. McQuade. “I look forward to continuing to work
with the Board and Altria’s dedicated leadership team in pursuit of
its Vision.”
Ms. McQuade served as Senior Advisor of Canadian Pacific Railway
Limited (“Canadian Pacific”), a transcontinental railway in Canada
and the United States, from November 2012 to May 2013, after
previously serving as Executive Vice President and Chief Financial
Officer of Canadian Pacific from September 2008 until her
retirement in November 2012. Ms. McQuade joined Canadian Pacific in
June 2007 as Executive Vice President and Chief Operating Officer.
Prior to joining Canadian Pacific, Ms. McQuade served as Executive
Vice President-Planning and Chief Information Officer at Norfolk
Southern Corporation where she spent 27 years in key information
technology, strategic planning and finance leadership positions.
Ms. McQuade serves as Chair of the Nominating, Corporate Governance
and Social Responsibility Committee and is a member of the Audit,
Compensation and Talent Development and Executive Committees.
As previously announced, Altria’s former independent Board
Chairman, Thomas F. Farrell II, passed away in April 2021. He had
planned to retire following completion of his current term and was
not standing for re-election to the Board at the 2021 Annual
Meeting of Shareholders.
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 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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