RICHMOND - Altria Group , Inc. (NYSE: NYSE:MO) announced that Jacinto J. Hernandez, a member of its Board of Directors, has retired from his board position as of February 23, 2024. Hernandez will not be stepping away from the company entirely; he is set to continue his association with Altria as a strategic advisor for the next five years.
During his tenure on the board, Hernandez was recognized for his financial acumen and industry knowledge, which were considered valuable assets to Altria's governance. "We thank Jacinto for his service on our Board," said Kathryn McQuade, Altria's independent Board Chair. She noted the board's benefit from his expertise.
Hernandez expressed his commitment to Altria's vision of leading adult smokers towards a smoke-free future, stating his pleasure in being able to focus on this goal more directly in collaboration with Altria's management team.
Before joining Altria's board, Hernandez had a distinguished career in the investment sector, notably with Capital Group and its subsidiary, Capital World Investors. His experience spans over two decades, during which he covered various industries, including U.S. tobacco. Apart from Altria, Hernandez is also a director at Aris Water Solutions, Inc. (NYSE: ARIS) and has previously served on the board of Pioneer Natural Resources Company (NYSE: NYSE:PXD).
Altria, known for its leading portfolio of tobacco products, is actively engaged in efforts to transition adult smokers to non-combustible alternatives. The company's subsidiaries include Philip Morris (NYSE:PM) USA Inc., John Middleton Co., U.S. Smokeless Tobacco Company LLC, Helix Innovations LLC, and NJOY, LLC, which is the only e-vapor manufacturer with FDA market authorization for a pod-based product. Altria also holds equity investments in Anheuser-Busch InBev SA/NV and Cronos Group (NASDAQ:CRON) Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.