Altria Names Kathryn McQuade as First Female Board Chairwoman
By Colin Kellaher
Altria Group Inc. on Tuesday said it Kathryn McQuade has been
elected independent board chairwoman, effective upon the conclusion
of its annual shareholder meeting on May 20.
The New York tobacco giant said Ms. McQuade, a director since
2012, will be the first woman to serve as chair of its board.
Altria last year split the roles of chairman and chief executive
after Howard Willard stepped down from the posts following two
rocky years on the job that resulted in big losses on the Marlboro
maker's investment in Juul Labs Inc.
Thomas Farrell, an Altria board member since 2008 who stepped in
as chairman after Mr. Willard's departure, died in April after a
battle with cancer.
Altria said Ms. McQuade, who will oversee a board on which more
than 72% of its members are women or racially or ethnically
diverse, retired as executive vice president and chief financial
officer of Canadian Pacific Railway Ltd. in November 2012.
Write to Colin Kellaher at email@example.com
(END) Dow Jones Newswires
May 11, 2021 09:19 ET (13:19 GMT)
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