Form 8-K · Current Report · Filed 2024-02-28
Altria Group Announces Retirement of Executive Vice President and General Counsel
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.
- Filer
- Altria Group, Inc. MO · NYSE
- Filed
- Accession
- 0000764180-24-000021
- CIK
- 0000764180
- Signal
- Low impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$40.90
Next session
+0.0%
Since filing
+67.1%
Latest close
$68.33
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MO reporting the same item, with the next session's move:
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.
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