Leadership Transition - Altria Group's CEO Billy Gifford will step down after the annual shareholder meeting on May 14, 2026, with Salvatore "Sal" Mancuso appointed as his successor [1][4] - Mancuso has been with Philip Morris since 1990, holding various finance roles, including senior vice president of finance and procurement [3] - Gifford will remain with Altria as a consultant until the end of 2026 to ensure a smooth transition [5] New CFO Appointment - Heather Newman will succeed Mancuso as Chief Financial Officer after the transition [2] - Newman has been in her current role since 2019, overseeing corporate development, international strategy, and Altria's digital and technology organization [6] Executive Insights - Board Chair Kathryn McQuade expressed confidence in Mancuso's industry knowledge and commitment to Altria's 2028 Enterprise Goals [4] - Gifford highlighted his confidence in Mancuso's leadership abilities and commitment to Altria's strategy [5]
Altria names new CEO