Altria Group, Inc. Announces Retirement of Director Jacinto J. Hernandez From Board of Directors
26 Febrero 2024 - 3:30PM
Business Wire
Jacinto J. Hernandez, a director of Altria Group, Inc.
(“Altria”), retired from service on our Board of Directors
effective February 23, 2024. Mr. Hernandez will continue to serve
Altria as a strategic advisor under a 5-year advisory services
agreement.
"We thank Jacinto for his service on our Board," said Kathryn
McQuade, Altria’s independent Board Chair. “Our Board benefited
from his industry experience and financial expertise.”
“I joined Altria’s Board because I am inspired by Altria’s
Vision to responsibly lead the transition of adult smokers to a
smoke-free future,” said Mr. Hernandez. “I am pleased that this
agreement will allow me to focus my attention on helping Altria
pursue its Vision working directly with management.”
Mr. Hernandez is founder and principal of Cummings Consulting
& Management. He previously served as a partner and investment
analyst for Capital Group and its subsidiary, Capital World
Investors. He joined the Capital Group companies in August 2000 and
retired in June 2022 after having spent 22 years covering a variety
of industries, including U.S. tobacco, helping lead the research
portfolio for one of the largest growth mutual funds in the world
and serving in key leadership roles. Mr. Hernandez is a director of
Aris Water Solutions, Inc. (NYSE: ARIS). He previously served as a
director of Pioneer Natural Resources Company (2022 to May 2023)
(NYSE: PXD).
Altria’s Profile
We have a leading portfolio of tobacco products for U.S. tobacco
consumers age 21+. Our Vision is to responsibly lead the transition
of adult smokers to a smoke-free future (Vision). We are Moving
Beyond Smoking™, leading the way in moving adult smokers away from
cigarettes by taking action to transition millions to potentially
less harmful choices - believing it is a substantial opportunity
for adult tobacco consumers, our businesses and society.
Our wholly owned subsidiaries include leading manufacturers of
both combustible and smoke-free products. In combustibles, we own
Philip Morris USA Inc. (PM USA), the most profitable U.S. cigarette
manufacturer, and John Middleton Co. (Middleton), a leading U.S.
cigar manufacturer. Our smoke-free portfolio includes ownership of
U.S. Smokeless Tobacco Company LLC (USSTC), the leading global
moist smokeless tobacco (MST) manufacturer, Helix Innovations LLC
(Helix), a leading manufacturer of oral nicotine pouches, and NJOY,
LLC (NJOY), currently the only e-vapor manufacturer to receive
market authorizations from the U.S. Food and Drug Administration
(FDA) for a pod-based e-vapor product.
Additionally, we have a majority-owned joint venture, Horizon
Innovations LLC (Horizon), for the U.S. marketing and
commercialization of heated tobacco stick products and, through a
separate agreement, we have the exclusive U.S. commercialization
rights to the IQOS Tobacco Heating System® and Marlboro HeatSticks®
through April 2024.
Our equity investments include Anheuser-Busch InBev SA/NV (ABI),
the world’s largest brewer, and Cronos Group Inc. (Cronos), a
leading Canadian cannabinoid company. The brand portfolios of our
operating companies include Marlboro®, Black & Mild®,
Copenhagen®, Skoal®, on!® and NJOY®. Trademarks related to Altria
referenced in this release are the property of Altria or our
subsidiaries or are used with permission.
Learn more about Altria at www.altria.com and follow us on X
(formerly known as Twitter), Facebook and LinkedIn.
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