Szymanczyk

Altria Group Inc.'s fourth-quarter earnings fell 9% as charges offset revenue growth, while the tobacco company on Friday named Vice Chairman Martin J. Barrington chairman and chief executive to succeed the retiring Michael E. Szymanczyk .

Altria Earnings Drop 9% Melodie Warner 2012

Altria said Mr. Szymanczyk, 63 years old, will retire after 23 years with the Richmond, Va., company, including four years as chairman and CEO of Altria and 12 years as president and CEO of Philip Morris USA.

Altria Earnings Drop 9% Melodie Warner 2012

Michelle wine, operated in a "highly competitive market" in the latest period, Chief Executive Michael Szymanczyk said on a conference call Wednesday.

Altria Profit Falls 57% on Charges Melissa Korn 2011

Altria, the maker of Marlboro cigarettes and Skoal smokeless tobacco, said in a securities filing it paid Mr. Szymanczyk a base salary of $1.3 million for 2010, up slightly from the $1.28 million he received for 2009.

Altria CEO Was Paid $24 Million for 2010 Melissa Korn 2011

Other compensation for Mr. Szymanczyk included an annual allowance of $300,000 for personal use of the company aircraft.

Altria CEO Was Paid $24 Million for 2010 Melissa Korn 2011

In a conference call with analysts earlier Thursday, Chairman and Chief Executive Michael E. Szymanczyk declined to provide specifics about work-force reductions related to the program, saying he wanted to first discuss the action with all employees.

Altria to Cut Cigarette Jobs John Kell 2011

Mr. Szymanczyk called the Richmond, Va., company's sales and profits "solid" given the period's high unemployment, low consumer confidence and strong market competition.

Tobacco Net Gets Price Kick Melissa Korn 2011

Altria CEO Michael Szymanczyk told investors recently that the company can capitalize on consumer shifts to smokeless products by investing in snuff brands such as Copenhagen and Skoal.

Cigarette Sales May Be Off, But Lorillard Still Rolls On Mike Esterl 2011

Michael Szymanczyk, Altria's chief executive, brushed off the quarter's larger than usual volume decline and flat year-over-year revenues excluding excise taxes.

Tobacco Net Gets Price Kick Melissa Korn 2011

NEW YORK— Altria Group Inc. Chairman and Chief Executive Michael Szymanczyk received total pay for 2010 valued at $24 million, nearly double the prior year's compensation.

Altria CEO Was Paid $24 Million for 2010 Melissa Korn 2011