Morningstar

Altria CEO to Retire, CFO Tapped to Take Over — Update

Provided by Dow Jones Dec 11, 2025, 12:52:00 PM

By Nicholas G. Miller

Altria Group said Chief Executive Billy Gifford will retire in May and named its current chief financial officer Sal Mancuso as Gifford's replacement.

Gifford, who has been CEO since 2020, will serve as a consultant to the company following his retirement through at least the end of 2026.

Mancuso has been with the company since 1990 and served as CFO since 2020. His compensation as CEO is yet to be determined.

Heather Newman, Altria's chief strategy and growth officer since March 2022, will become the company's new CFO, effective May 14.

As part of the compensation tied to her appointment, Newman received a stock grant valued at $1.5 million that will vest in 2030.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

December 11, 2025 07:52 ET (12:52 GMT)

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