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Altria announces management changes after split


Published : Wed, 29 Aug 2007 16:14
By : Agencies
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LONDON (Thomson Financial) - Altria Group Inc, which confirmed today it will spin off its Philip Morris International (PMI) cigarette unit, has announced changes to its board as it said it will raise its quarterly dividend.

The group said Louis Camilleri, currently chairman and chief executive of Altria Group, will hold the same positions at PMI. Michael Szymanczyk, currently chairman and CEO of Philip Morris USA, the US cigarette unit, will hold the same positions at Altria Group.

The company also said it will raise its quarterly dividend to 0.75 usd per share, from 0.69 usd, which is payable on Oct 10.

tf.TFN-Europe_newsdesk@thomson.com

wj

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