Altria Chairman, CEO Szymanczyk Announces Retirement

http://www.businesswire.com/news/home/20120127005327/en/Altria-Reports-2011-Fourth-Quarter-Full-Year-Results-Delivers

Except from article:

Altria also announced today that Michael E. Szymanczyk, 63, has decided to retire after 23 years of distinguished service to the company, including four years as Chairman and CEO of Altria and 12 years as President and CEO of Philip Morris USA (PM USA). The Board has elected Martin J. Barrington, 58, to serve as Altria’s Chairman and CEO, effective upon Mr. Szymanczyk’s retirement following the Annual Meeting of Shareholders on May 17, 2012. The Board also has elected Mr. Barrington to Altria’s Board, effective immediately.

News worthy of posting! Thoughts? Stories? Reflections?

8 comments ↓

#1 UBettaBelieveIt on 02.04.12 at 4:51 PM

What a guy! 2 aquisitions and hasn’t moved the needle on both. A true friend to the Distributor Network; terms of payment that should be challenged in court.
If he can still walk, would love to play him 1on1 in a basketball game, the money from the gate would go to charity. I am sure the gym would be filled with ex UST and Middleton sales and marketing people. Thinking this challenge over, he would probably commit then not show up (an analogy only ex UST and Middleton people would understand).

#2 Copenhagen Charley on 02.04.12 at 10:58 PM

yep he wouldn’t show up! I’d bet on that with a can of Cope!

#3 Anonymous on 02.07.12 at 2:31 AM

Don’t want to lose my job but he was out of touch and my goodness you see the bonuses this guy made for screwing all the folks through acquisitions

#4 OTP Kid on 02.07.12 at 2:02 PM

I think his lasting legacy will be that he turned Marlboro into a discount brand

#5 Anonymous on 02.07.12 at 4:13 PM

I agree and you wouldn’t believe the heat we get for his screw up.

#6 SNUS GUY on 02.11.12 at 1:42 AM

I hope the new guy understands the dynamics of the business. I mean how could he allow the joke of a product called Marlboro Snus. It is really a very ineffective alternative.

#7 Charlie Hagen on 02.19.12 at 2:28 AM

Met the guy once at a retailer top to top. Wasn’t impressed. But then again was never impressed with PM folks except for one cute gal.

#8 Jack Murphy on 05.01.12 at 5:36 AM

Charlie Hagen – met him at a top to top meeting. We’re you serving the drinks?

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