RICHMOND, Virginia–(BUSINESS WIRE)–$M #ALTRIA–Altria Group, Inc. (Altria) (NYSE:MO) today announced that Dinyar S. Devitre, a director of Altria since 2008, has informed Altria of its decision to step down from its board of directors at the end of his current term. Accordingly, Mr. Devitre will not stand for re-election to the board of directors at Altria’s 2022 annual meeting of shareholders, currently scheduled to be held on May 19, 2022.
“Altria has benefited from Dinny’s significant contributions for nearly 50 years, including his time as Senior Vice President and Chief Financial Officer of Altria and his 14 years on the Board of Directors,” said Kathryn McQuade, Independent Chair of Altria’s Board of Directors. “We thank him for his outstanding service to this company.”
“I have had the privilege and benefit of working closely with Dinny during my years of leadership,” said Billy Gifford, CEO of Altria. “We will miss his insights and perspective built on so many years of distinguished service and wish him all the best.”
Mr. Devitre is Chair of the Finance Committee and a member of the Compensation and Talent Development, Nominating, Corporate Governance, and Social and Leadership Committees. Mr. Devitre has held numerous positions during his nearly 50 years with the company, including senior positions in the company’s international operations and senior vice president and chief financial officer of Altria d April 2002 to March 2008. He is a director of IHS Markit Ltd, Avestar Capital, Pratham USA and Brooklyn Academy of Music.
Altria has a leading portfolio of tobacco products for US tobacco consumers ages 21 and older. Altria’s 2030 Vision is to responsibly lead the transition of adult smokers to a smoke-free future (Vision). Altria is Go beyond smoking™, paving the way for adult smokers to move away from cigarettes by taking action to switch millions of people to potentially less harmful choices – believing this to be a substantial opportunity for adult tobacco users , Altria businesses and society.
Altria’s wholly-owned subsidiaries include leading manufacturers of combustible and smokeless products. In the fuels sector, Altria owns Philip Morris USA Inc. (PM USA), the most profitable US cigarette manufacturer, and John Middleton Co. (Middleton), one of the largest cigar manufacturers in the United States. Altria’s smokeless portfolio includes ownership of US Smokeless Tobacco Company LLC (USSTC), the world’s leading manufacturer of wet smokeless tobacco (MST), and Helix Innovations LLC (Helix), a rapidly growing manufacturer of nicotine pouches oral. Altria is also enhancing its smoke-free product portfolio with exclusive U.S. marketing rights to the IQOS tobacco heating system® and Marlboro HeatSticks®, and an equity investment in JUUL Labs, Inc. (JUUL).
Altria also holds stakes in Anheuser-Busch InBev SA/NV (ABI), the world’s largest brewer, and Cronos Group Inc. (Cronos), a leading Canadian cannabinoid company.
Altria’s tobacco company brand portfolios include Marlboro®, Black and Soft®, Copenhagen®, Scoal® and to!®. The Altria-related trademarks and service marks referenced in this release are the property of Altria or its affiliates or are used with permission.
Learn more about Altria at www.altria.com and follow us on Twitter, Facebook and LinkedIn.
Altria Customer Services
Altria Customer Services