AI English summary of an SEC filing — figures as filed
Altria MOAltria said William F. Gifford, Jr. informed the Board of Directors on December 8, 2025 of his decision to retire as a director and Chief Executive Officer effective at the conclusion of the 2026 Annual Meeting of Shareholders on May 14, 2026, having completed more than 30 years of service, including over 5 years as CEO.
Key points
AI summaryAltria said William F. Gifford, Jr. informed the Board of Directors on December 8, 2025 of his decision to retire as a director and Chief Executive Officer effective at the conclusion of the 2026 Annual Meeting of Shareholders on May 14, 2026, having completed more than 30 years of service, including over 5 years as CEO.
The company said the Board elected Salvatore Mancuso as CEO on December 10, 2025, effective at the conclusion of the 2026 Annual Meeting on May 14, 2026. Mancuso, age 60, has served as Executive Vice President and CFO since 2020 and has been continuously employed by Altria or its subsidiaries since 1990.
Altria said the Board elected Heather A. Newman as Executive Vice President and Chief Financial Officer, effective at the conclusion of the 2026 Annual Meeting on May 14, 2026. In connection with her election, Newman received a special grant of restricted stock units valued at $1,500,000, which will vest on November 20, 2030.
The company expects Gifford will serve as a consultant to Altria upon his retirement through at least the end of 2026. Mancuso's compensation as CEO and any additional changes to Newman's compensation as CFO will be determined and approved by the Board's Compensation and Talent Development Committee at a later date.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
William F. Gifford, Jr. Announces Retirement as CEO and Director
Altria said William F. Gifford, Jr. informed the Board of Directors on December 8, 2025 of his decision to retire as a director and Chief Executive Officer effective at the conclusion of the 2026 Annual Meeting of Shareholders on May 14, 2026, having completed more than 30 years of service, including over 5 years as CEO.
Source · Based on the filing body and exhibits
Salvatore Mancuso Elected as CEO
The company said the Board elected Salvatore Mancuso as CEO on December 10, 2025, effective at the conclusion of the 2026 Annual Meeting on May 14, 2026. Mancuso, age 60, has served as Executive Vice President and CFO since 2020 and has been continuously employed by Altria or its subsidiaries since 1990.
Source · Based on the filing body and exhibits
Heather A. Newman Elected as CFO and Receives Special RSU Grant
Altria said the Board elected Heather A. Newman as Executive Vice President and Chief Financial Officer, effective at the conclusion of the 2026 Annual Meeting on May 14, 2026. In connection with her election, Newman received a special grant of restricted stock units valued at $1,500,000, which will vest on November 20, 2030.
Source · Based on the filing body and exhibits
Gifford's Consultant Role and Mancuso Compensation Determination Timeline
The company expects Gifford will serve as a consultant to Altria upon his retirement through at least the end of 2026. Mancuso's compensation as CEO and any additional changes to Newman's compensation as CFO will be determined and approved by the Board's Compensation and Talent Development Committee at a later date.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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