Altria Group, Inc. announced the retirement of CEO Billy Gifford and the appointment of Sal Mancuso as his successor.
Billy Gifford, who has been with Altria for over 30 years and served as CEO since 2020, will retire effective May 14, 2026.
Sal Mancuso, currently Altria's Executive Vice President and CFO, will take over as CEO upon Billy's retirement.
CEO Retirement
Billy Gifford, with over 30 years at Altria and CEO since 2020, will retire in May 2026.
Successor Appointment
Sal Mancuso, Altria's Executive Vice President and CFO, will become the new CEO.
Board Chair's Statement
Board Chair Kathryn McQuade praised Sal's industry knowledge and leadership skills as reasons for his appointment.
- The retirement of CEO Billy Gifford marks a significant transition in leadership for Altria.
- Sal Mancuso's appointment as CEO reflects the company's confidence in his ability to lead and drive the organization forward.
The retirement of Billy Gifford and the appointment of Sal Mancuso signal a new chapter for Altria Group, Inc. as it continues to drive towards its Vision of Moving Beyond Smoking® under new leadership.