The board of directors credited Willard for guiding the company as it transitions away from traditional cigarettes into non-combustibles. Late in 2018, Richmond, Virginia-based Altria discontinued its own e-cigarette line and bought a 35% stake in Juul Labs. U.S. regulators are suing to break up that multi-billion deal, saying the partnership was effectively an agreement not to compete in the U.S. vaping market.
The board also decided to separate the roles of chairman and CEO. Thomas Farrell, formerly the board's independent presiding director, was named the new independent chairman.
Retires from killing people with tobacco, mhm
Who? Lots of people retire!
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