Altria Group

Altria Group, Inc. (previously named Philip Morris Companies Inc.), based in New York City, is the parent company of Philip Morris International, Philip Morris USA and Philip Morris Capital Corporation, and is one of the world's largest tobacco corporations. In addition, Altria Group, Inc. has a 28.7% economic and voting interest in one of the world's largest brewing companies, UK based SABMiller plc. It is a component of the Dow Jones Industrial Average and S&P 500.

On January 27, 2003, Philip Morris Companies Inc. changed its name to Altria Group, Inc. On March 30, 2007, a spin out of Kraft Foods subsidiary (publicly traded since 2001) was concluded through distribution of the remaining stake of shares (88.1%) to Altria shareholders. As a result, Altria no longer holds any interest in Kraft Foods.

Holdings

Altria Group, Inc. owns 100 percent of Philip Morris USA, Philip Morris International, and Philip Morris Capital Corporation. It also owns 28.7% of SABMiller plc.

The net revenue (and operating income) of Altria Group, Inc. comes predominantly from its tobacco business.

Philip Morris component

Altria's tobacco subsidiary, Philip Morris, is the world's largest commercial tobacco company by sales. Their flagship Marlboro is the world's most popular tobacco brand. Other popular tobacco brands owned by Philip Morris are Parliament, Virginia Slims, and Benson & Hedges (licensed in some markets).

Philip Morris was founded by a London tobacconist of the same name. He was one of the first people to sell hand-rolled cigarettes in the 1860s, selling them under the brand names Oxford and Cambridge Blues, following the adoption of cigarette smoking by British soldiers returning from the Crimean War. The company opened its New York office in 1902 and soon became part of James Duke's American Tobacco Company monopoly.

Though Altria's headquarters are still in New York, in 2004 its Philip Morris USA division completed a move of its 682 New York based employees to Richmond, Virginia. Of the 682 offered relocation, only a handful accepted and relocated. Over 500 New York based employees accepted an early retirement or severance package and did not make the move to Richmond.

Board of directors

Current members of the board of directors of Altria Group are:

• Elizabeth Bailey
• Harold Brown (former U.S. Secretary of Defense)
• Mathis Cabiallavetta
• Louis C. Camilleri
• Dudley Fishburn
• Robert Huntley
• Thomas W. Jones
• George Muñoz
• Lucio Noto
• John S. Reed
• Marcelo Escalón
• Stephen Wolf

On May 1, 2006, Carlos Slim resigned from the board of directors. The board presently comprises eleven members.

Executive staff

• Louis C. Camilleri, Chairman and Chief Executive Officer, Altria Group, Inc.
• André Calantzopoulos, President and Chief Executive Officer, Philip Morris International Inc.
• Irene B. Rosenfeld, Chief Executive Officer, Kraft Foods Inc.
• Michael E. Szymanczyk, Chairman and Chief Executive Officer, Philip Morris USA Inc
• John J. Mulligan, President and Chief Executive Officer, Philip Morris Capital Corporation.
• Nancy J. De Lisi, Senior Vice President, Mergers and Acquisitions, Altria Group, Inc.
• Dinyar S. Devitre, Senior Vice President and Chief Financial Officer, Altria Group, Inc.
• David I. Greenberg, Senior Vice President and Chief Compliance Officer, Altria Group, Inc.
• Steven C. Parrish, Senior Vice President, Corporate Affairs, Altria Group, Inc.
• Charles R. Wall, Senior Vice President and General Counsel, Altria Group, Inc.

Political influence

With $101,220,000 reported lobbying, Altria is the corporation with the biggest investment in influencing lawmakers in Washington.The Center for Public Integrity: Top 100 Companies and Organizations

Altria contributes to the furthering of opinions critical of the impact of global warming and climate change, through the funding of astroturf organizations such as The Advancement of Sound Science Coalition. The Guardian: "The denial industry"