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- Altria Group (MO) on Thursday said that CEO Billy Gifford has decided to retire, effective May 14, 2026.
- Billy has served as Altria’s CEO since 2020.
- Altria’s Board of Directors has elected Salvatore (Sal) Mancuso to serve as Altria’s CEO upon Billy’s retirement.
- To facilitate a smooth transition, Billy plans to serve as a consultant to Altria upon his retirement through at least the end of 2026.
- Additionally, the Board elected Heather Newman to serve as Altria’s Chief Financial Officer, effective May 14, 2026.
