Salvatore Mancuso

Business

Altria Taps CFO as Next CEO Amid Strategic Pivot and $2.7 Billion Write-Down

Altria Group names CFO Salvatore Mancuso as its incoming CEO, accelerating its smoke-free transition while taking a massive impairment charge on past investments, signaling a sharp strategic reassessment.

Business

Altria Bets on Export Tax Rebate to Boost Profits Amid Industry Decline

Altria Group expects improved second-half earnings by leveraging a U.S. tobacco tax rebate tied to increased exports, as the Marlboro maker seeks new avenues for growth in a shrinking cigarette market.

Business

Altria's Q4: Revenue Surge Overshadowed by Profit Squeeze as Smokeless Push Accelerates

Altria Group (MO) posted stronger-than-expected Q4 revenue, driven by its core tobacco brands and oral nicotine products, but saw its shares fall as profit margins contracted sharply. The company is betting on a national rollout of its ON! Plus pouches and manufacturing upgrades to fuel its smoke-free future.