Altria (MO) CEO Szymanczyk to Retire; Vice Chair Barrington to Assume Role
Up)
Altria Group, Inc. (Altria) (NYSE: MO) announced today that Michael E. Szymanczyk, 63, has decided to retire after 23 years of distinguished service to the company, including four years as Chairman and CEO of Altria and 12 years as President and CEO of Philip Morris USA (NYSE: PM). The Board has elected Martin J. Barrington, 58, to serve as Altria’s Chairman and CEO, effective upon Mr. Szymanczyk’s retirement following the Annual Meeting of Shareholders on May 17, 2012. The Board also has elected Mr. Barrington to Altria’s Board, effective immediately.
Additionally, the Board elected David R. Beran, 57, to serve as Altria’s President and Chief Operating Officer, effective May 17, 2012, and approved a consulting agreement with Mr. Szymanczyk for an initial period ending January 31, 2014.
Barrington has held various roles in the Altria family of companies since 1993, including, most recently, as Vice Chairman.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Additionally, the Board elected David R. Beran, 57, to serve as Altria’s President and Chief Operating Officer, effective May 17, 2012, and approved a consulting agreement with Mr. Szymanczyk for an initial period ending January 31, 2014.
Barrington has held various roles in the Altria family of companies since 1993, including, most recently, as Vice Chairman.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Edelman Financial (EF) Says Ric Edelman Becomes Sole CEO; Ball Remains Chairman
- Rosetta Genomics (ROSG) Names New CFO
- QLT Inc. (QLTI) Issues Response to Nordic Biotech Notification on Board Nominees
Create E-mail Alert Related Categories
Management ChangesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
