---
title: "Altria names Salvatore Mancuso CEO and Heather A. Newman CFO; William F. Gifford, Jr. to retire"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286817299.md"
description: "Altria has appointed Salvatore Mancuso as CEO and Heather A. Newman as CFO, effective May 14, 2026. William F. Gifford, Jr. will retire as CEO and transition to a consulting role. The appointments were made following shareholder elections at the Annual Meeting. Mancuso's base salary is set at $1,350,000, while Newman’s is $800,000. Gifford will receive pro-rated incentive payments and benefits during his consulting period."
datetime: "2026-05-18T20:43:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286817299.md)
  - [en](https://longbridge.com/en/news/286817299.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286817299.md)
---

# Altria names Salvatore Mancuso CEO and Heather A. Newman CFO; William F. Gifford, Jr. to retire

**Altria appointed Salvatore Mancuso as Chief Executive Officer and Heather A. Newman as Executive Vice President and Chief Financial Officer, while William F. Gifford, Jr. retired as CEO and will serve as a consultant.**

Individual

Salvatore Mancuso

Heather A. Newman

William F. Gifford, Jr.

Role

Chief Executive Officer

Executive Vice President and Chief Financial Officer

Former Chief Executive Officer; Consultant

Type of Change

Appointed

Appointed

Retired; Consulting arrangement

Effective Date

May 14, 2026

May 14, 2026

Retirement effective May 14, 2026; consulting from May 15, 2026–Dec 31, 2026

Reason

Election by shareholders at Annual Meeting

Election by shareholders at Annual Meeting

Retired upon conclusion of Annual Meeting

Replacement Info

Replaced William F. Gifford, Jr.

N/A

Successors appointed (Mancuso as CEO; Newman as CFO)

Background Details

Set as salary band A; base salary $1,350,000; granted 40,634 RSUs and 37,246 PSUs; incentive and LTIP targets disclosed

Set as salary band B; base salary $800,000; incentive and LTIP targets disclosed

Will receive pro-rated incentive and LTIP payments per committee determinations; forfeited certain unvested awards; cash payments approved for specified unvested RSUs/PSUs; entitled to employee benefits

Board/Committee Role Changes

Not disclosed

Not disclosed

Not disclosed

Original SEC Filing: ALTRIA GROUP, INC. \[ MO \] - 8-K - May. 18, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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