Altria Group announced that Chief Executive Officer Billy Gifford will retire effective May 14, 2026, at the conclusion of the company’s 2026 Annual Meeting of Shareholders. The Board elected Sal Mancuso, currently Executive Vice President and CFO, to succeed Gifford as CEO, and appointed Heather Newman as Chief Financial Officer, both effective May 14, 2026. Gifford is expected to serve as a consultant to Altria through at least the end of 2026 to support the leadership transition.

Source: Altria Group, Business Wire