Altria Group, Inc.
Altria Group Announces Retirement of Executive Vice President and General Counsel
Summary
Altria Group, Inc. announced that Murray R. Garnick, Executive Vice President and General Counsel, will retire effective April 1, 2024. The Compensation & Talent Development Committee approved his pro-rated payments from incentive plans and benefits. He will also receive cash payments for unvested stock awards based on the average closing price of Altria's common stock on the NYSE and actual business performance.
Profitelligence Alerts
Get alerts for MO
Be first to know when Altria Group, Inc. files with the SEC.
Filing Categories
Advertisement
About Altria Group, Inc.
Altria Group, Inc. is a holding company with a primary focus on the manufacture and sale of cigarettes and related products. Serving as a leading player in the tobacco industry, Altria is best known for its premium cigarette brand, Marlboro, which holds a significant market share in the United States. Beyond cigarettes, the company has established a diversified portfolio by investing in smokeless tobacco products, wine via its subsidiary Ste. Michelle Wine Estates, and a stake in the cannabis market through its investment in Cronos Group. Altria's strategic expansions into non-cigarette categories reflect its aim to navigate changing consumer preferences and regulatory landscapes. As one of the foremost publicly traded entities in its sector, Altria plays a significant role in the broader consumer goods market. The company continues to engage with shifting market dynamics by fostering innovation in reduced-risk products while maintaining its strong presence in traditional tobacco markets.
Official SEC Documents
Advertisement