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Altria CEO Gifford to Retire; CFO Mancuso Takes Helm

12/11/2025

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Summary

Story summary

Altria Group announced that Chief Executive Billy Gifford, who has led since 2020, will retire May 14, 2026, after more than 30 years.
Salvatore Mancuso, Altria's current chief financial officer, who has been with the company since 1990, will succeed him as chief executive.
Heather Newman will take over as chief financial officer after Mancuso's transition, and Altria aims for mid-single-digit profit growth by 2028 with expansion into non-nicotine products.

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Story summary

Altria Group announced that Chief Executive Billy Gifford, who has led since 2020, will retire May 14, 2026, after more than 30 years.
Salvatore Mancuso, Altria's current chief financial officer, who has been with the company since 1990, will succeed him as chief executive.
Heather Newman will take over as chief financial officer after Mancuso's transition, and Altria aims for mid-single-digit profit growth by 2028 with expansion into non-nicotine products.