Tobacco giant Altria (MO.US) announced on Thursday that Billy Gifford, who has served as CEO since 2020, will retire in May next year, with Chief Financial Officer Salvatore Mancuso taking over.
Gifford plans to serve as an advisor after retirement, at least until the end of 2026. Mancuso, who joined the company in 1990 and has served as CFO for five years, will take on the challenge of addressing the decline in cigarette sales and driving revenue growth from new products such as e-cigarettes

Tobacco giant Altria announced that current CEO Howard Willard will retire in May 2024, and Chief Financial Officer Billy Mann will succeed him as CEO. Willard will serve as an advisor until the end of 2026 after his retirement. Mann has been with the company since 1990 and has served as CFO for five years; he will be responsible for addressing the challenges of declining cigarette sales and driving revenue growth from new products such as e-cigarettes

Tobacco company Altria CEO will retire in May, CFO to succeed