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Dominion Energy’s Tom Farrell to retire from Altria board
Dominion Energy Inc. Executive Chair Thomas F. Farrell II is retiring from Altria Group Inc.‘s board of directors, which he has chaired since April 2020. Farrell has served on the Henrico County-based tobacco product manufacturer’s board of directors since 2008. He will retire from the Altria board when his term ends in May. Altria’s board […]
Altria donates $3M to Better Housing Coalition
The Richmond-based nonprofit Better Housing Coalition (BHC) announced Monday it has received the largest corporate gift in its 33-year history — a $3 million gift from Henrico County-based Fortune 500 tobacco product manufacturer Altria Group Inc. BHC plans to use the donation to develop more affordable housing in the greater Richmond region. It will also […]
FDA authorizes sale of Altria’s IQOS 3 device
The third generation of Altria Group Inc.‘s IQOS tobacco heating system device has been authorized for sale in the United States by the U.S. Food and Drug Administration, the Henrico County-based company announced Monday. After receiving an application from Philip Morris International, the FDA ruled that IQOS 3 can be sold to adults in the […]
Altria converts Juul nonvoting shares to voting shares
Henrico County-based Altria Group Inc. has converted its nonvoting shares of e-cigarette leader Juul Labs Inc. to voting shares, the company announced Thursday. However, Altria said it does not plan to take a more active role on the board until a federal complaint is resolved. Altria has owned 35% of Juul’s stock since late 2018, […]
Dominion Energy, Altria commit grant funding for small businesses
Updated 2:30 p.m. Aug. 27 Two Virginia corporate giants announced details Thursday on funding for small businesses in Richmond and Hampton Roads affected by protest-related damage and ongoing coronavirus hardships. Altria Group Inc., based in Henrico County, and Richmond-based Dominion Energy Inc. pledged $5 million each for small businesses and social justice organizations in June, […]
Altria’s tobacco heating system approved as ‘modified risk’ product
Henrico County-based Altria Group Inc.‘s IQOS tobacco heating system will be allowed to be marketed as a “modified risk” product, the U.S. Food and Drug Administration ruled Tuesday. IQOS is available in 53 countries, and more than 10 million people have purchased the system, which is marketed to adult smokers seeking to quit cigarettes. According […]
Altria to donate $5M to social justice nonprofits, businesses
Henrico County-based Fortune 500 tobacco manufacturer Altria Group Inc. announced Friday that it will donate $5 million to national and local organizations that address systematic racism and small businesses that have been affected by vandalism associated with recent protests and rioting. “These are difficult times, and we must find ways to embrace our differences, address […]
Altria sues Reynolds over e-cigarette patent infringement
Henrico County-based Altria Group Inc.‘s e-cigarette and smokeless tobacco divisions filed suit Thursday against competitor R.J. Reynolds Vapor Co. for patent infringement on e-cigarettes and associated products. Altria owns a 35% stake in e-cigarette industry leader Juul Labs Inc., a direct competitor of Reynolds’ Vuse brand of e-cigarettes. According to a lawsuit filed in the [&helli[...]
Juul Labs moving HQ from San Francisco to D.C.
E-cigarette manufacturer Juul Labs Inc. is moving its company headquarters from San Francisco to Washington, D.C., a fact first reported Tuesday by the Wall Street Journal. Henrico County-based Altria Group Inc. holds a 35% stake in Juul, which is cutting about 900 jobs from its 3,000-person global workforce, including about 25% of its U.S. employees, […]
Altria CEO Howard Willard retires
Altria Group Inc. Chairman and CEO Howard Willard, who took a medical leave of absence in March after testing positive for COVID-19, has retired from his position heading up the Henrico County-based Fortune 500 parent company of cigarette manufacturer Philip Morris USA, effective April 14. Altria’s Board of Directors elected William F. “Billy” Gifford Jr. […]
Altria commits $1M to coronavirus relief efforts
Henrico County-based Altria Group Inc. is committing $1 million to coronavirus relief efforts in the Richmond area and in other communities where it has manufacturing and agricultural assets. “This is an unprecedented time, and it’s critical that businesses step up to meet the challenges in the communities where we live and work,” said Billy Gifford, […]
Altria CEO Howard Willard contracts coronavirus
Henrico County-based Altria Group Inc. CEO Howard Willard has tested positive for COVID-19 and is taking a temporary medical leave of absence, Altria’s executive vice president and general counsel Murray Garnick told all salaried and hourly employees through a memo released late Thursday. “Howard has been out of the office for several days, and we […]
