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Stock impact report

Altria CEO Transition Highlights Smoke Free Push And Portfolio Reassessment [Yahoo! Finance]

Altria Group, Inc. (MO) 
Last altria group, inc. earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: altria.com/investors
Company Research Source: Yahoo! Finance
Altria Group (NYSE:MO) has appointed CFO Salvatore Mancuso to its Board and named him as the next CEO, succeeding the retiring chief executive. The company has reported progress in its smoke free portfolio, including FDA marketing authorizations and new collaborations. Altria has also recorded a goodwill impairment charge linked to its business portfolio. For you as an investor, this combination of leadership change and business updates comes at a time when Altria's core tobacco operations face ongoing pressures and shifting consumer preferences. The company is working to build out its smoke free offerings, which now include products with FDA marketing authorizations and partnerships designed to expand its reach. The appointment of Mancuso as CEO places the current CFO directly at the center of how Altria allocates capital and manages its mix between traditional tobacco and smoke free products. The goodwill impairment charge highlights how management is reassessing parts of t Show less Read more
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