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RICHMOND - Altria Group, Inc. (NYSE:MO) announced that board director George Muñoz will retire following the completion of his current term and will not seek re-election at the company’s 2026 Annual Meeting of Shareholders, scheduled for May 14, 2026.
Muñoz has served on Altria’s board since 2004, accumulating more than 20 years of service with the tobacco company. He currently chairs the Compensation and Talent Development Committee and serves as a member of the Audit, Executive and Finance Committees. He previously led the Audit Committee.
"George has made extensive and significant contributions to Altria over more than 20 years," said Kathryn McQuade, Altria’s independent Chair of the Board, in a press release statement.
Outside of his Altria responsibilities, Muñoz is a principal of Muñoz Investment Banking Group, LLC and a partner at the law firm of Tobin & Muñoz. He also serves as a director of Laureate Education, Inc. (NASDAQ:LAUR).
Altria is one of the leading U.S. tobacco companies, with a portfolio that includes Philip Morris USA, John Middleton Co., U.S. Smokeless Tobacco Company, Helix Innovations, and NJOY. The company’s brand portfolio includes Marlboro, Black & Mild, Copenhagen, Skoal, on! and NJOY.
In other recent news, Laureate Education Inc. reported its financial results for the second quarter of 2025, revealing a mixed performance. The company missed earnings per share expectations, posting $0.65 compared to the forecasted $0.72. However, Laureate Education surpassed revenue forecasts, bringing in $524 million against the anticipated $502 million. In analyst updates, Jefferies raised its price target for Laureate Education to $36, maintaining a Buy rating, citing the company’s consistent growth and profitability. Similarly, UBS initiated coverage with a Buy rating and set a price target of $35, highlighting the company’s shift to a simpler business model as a positive factor. These developments underscore the ongoing interest in Laureate Education’s growth potential among investment firms.
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