FACTOID # 3: South Carolina has the highest rate of violent crimes and aggravated assaults per capita among US states.
 
 Home   Encyclopedia   Statistics   States A-Z   Flags   Maps   FAQ   About 
   
 
WHAT'S NEW
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Altria Group
Altria Group, Inc
Type Public
Founded Flag of the United Kingdom 1860 London, UK
Headquarters New York City, USA
Key people Louis Camilleri, CEO & Chairman
Dinyar Devitre, CFO
Industry Tobacco, Food, Beverage
Products See below
Revenue $101.407 billion USD (2006) [1]
Net income $12.022 billion USD (2006) [2]
Employees 199,000
Website www.altria.com

Altria Group, Inc. (NYSEMO) (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. Image File history File links No higher resolution available. ... Shortcut: WP:WIN Wikipedia is an online encyclopedia and, as a means to that end, also an online community. ... Philip Morris, born May 11, 1965 is a former NASCAR driver from Ruckersville, Virginia. ... Image File history File links No higher resolution available. ... Image File history File links Flag_of_the_United_Kingdom. ... This article is about the capital of England and the United Kingdom. ... New York, New York and NYC redirect here. ... Louis C. Camilleri is the Chariman and CEO of Altria group, the parent company of Phillip Morris and Kraft Foods, and Chairman of Kraft Foods. ... The tobacco industry comprises those persons and companies engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. ... The word drink is primarily a verb, meaning to ingest liquids, see Drinking. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links Green_Arrow_Up. ... USD redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links Green_Arrow_Up. ... USD redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... New York, New York and NYC redirect here. ... Altria Group owns 100 percent of Philip Morris International (PMI). ... Philip Morris USA is the United States tobacco division of Altria Group, Inc. ... Shredded tobacco leaf for pipe smoking Tobacco can also be pressed into plugs and sliced into flakes Tobacco is an agricultural product processed from the fresh leaves of plants in the genus Nicotiana. ... SABMiller (South African Breweries - Miller) (LSE: SAB, JSE: SAB,Official site) is one of the world’s largest brewers, with brewing interests and distribution agreements in over 60 countries across six continents. ... Linear graph of the DJIA from 1901 until today Logarithmic graph of the DJIA from 1901 until today The Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, or informally the Dow Jones or The Dow) is one of several stock market indices created by nineteenth-century... The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American. ...


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. is the 27th day of the year in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... The common definition of Spin out (or spin off) is when a division of a company or organization becomes an independent business. ... Kraft Foods Inc. ...

Contents

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. Philip Morris USA is the United States tobacco division of Altria Group, Inc. ... Altria Group owns 100 percent of Philip Morris International (PMI). ... SABMiller (South African Breweries - Miller) (LSE: SAB, JSE: SAB,Official site) is one of the world’s largest brewers, with brewing interests and distribution agreements in over 60 countries across six continents. ...


Before the recent restructuring, the net revenue (and operating income) of Altria Group, Inc. came predominantly from its tobacco business, as is shown in the following table. Altria's share of SABMiller's revenue and profits is not included in the table below because its holding it too small to be consolidated in the group accounts. [1]: Shredded tobacco leaf for pipe smoking Tobacco can also be pressed into plugs and sliced into flakes Tobacco is an agricultural product processed from the fresh leaves of plants in the genus Nicotiana. ...

Activity Net revenue
in 2006
(millions USD)
Net revenue
in 2006
(%)
Operating
income
in 2006
(millions USD)
Operating
income
in 2006
(%)
USA tobacco 18,474 18.2% 4,812 26.5%
International tobacco 48,260 47.6% 8,458 46.5%
North American food 23,118 22.8% 3,753 20.7%
International food 11,238 11.1% 964 5.3%
Financial services 317 0.3% 176 1.0%
Total 101,407 100% 18,163 100%

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). The tobacco industry comprises those persons and companies engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. ... This article is about the lead ship, store, or product of a group. ... Marlboro logo Marlboro is a brand of cigarette made by Altria. ... Parliament cigarettes Parliament is a brand of cigarette manufactured by Altria (formerly Philip Morris). ... 1978 Virginia Slims magazine ad. ... Benson & Hedges is a British brand of cigarettes owned by Gallaher Group. ...


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. This article is about the capital of England and the United Kingdom. ... // The First Transcontinental Railroad in the USA was built in the six year period between 1863 and 1869. ... Combatants Allies: Second French Empire British Empire Ottoman Empire Kingdom of Sardinia Russian Empire Bulgarian volunteers Casualties 90,000 French 35,000 Turkish 17,500 British 2,194 Sardinian killed, wounded and died of disease ~134,000 killed, wounded and died of disease The Crimean War (1853–1856) was fought... New York, New York redirects here. ... James Buchanan Duke (1856 - 1925) was a U.S. tobacco industrialist. ... The American Tobacco Company was founded in 1890 by J. B. Duke as a merger between a number of tobacco manufacturers including Allen and Ginter. ... This article is about the economic term. ...


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. [citation needed] Nickname: Motto: Sic dic Itur Ad Astra (Thus do we reach the stars) Location in the Commonwealth of Virginia Coordinates: , Country State County Independent City Government  - Mayor L. Douglas Wilder (I) Area  - City 62. ...


History

Altria's history at a glance

  • 1847: Philip Morris opens a shop in London, selling tobacco and ready-made cigarettes.
  • 1881: Philip Morris goes public in London.
  • 1887: The company becomes Philip Morris & Co., Ltd.
  • 1902: Philip Morris & Co. Ltd. is incorporated in New York.
  • 1919: Acquisition of Philip Morris & Co. in the US by a new firm owned by American stockholders and incorporation in Virginia under the name of Philip Morris & Co., Ltd., Inc.
  • 1924: Introduction of the Marlboro brand
  • 1951: Philip Morris becomes the highly visible sponsor of CBS's "I Love Lucy" TV Show.
  • 1954: The first major affiliate outside the USA is created: Philip Morris (Australia) Ltd.
  • 1955: Philip Morris & Co. Ltd., Inc. changes its name to Philip Morris Incorporated.
  • 1955: Philip Morris Overseas is established as an international division within Philip Morris (to be renamed Philip Morris International in 1967).
  • 1963: Philip Morris acquires its first factory in Europe, Switzerland's Fabriques de Tabac Réunies (FTR).
  • 1967: Philip Morris reorganizes to create three internal operating divisions within Philip Morris Incorporated: Philip Morris Domestic, Philip Morris International and Philip Morris Industrial.
  • 1968: Philip Morris Domestic changes its name to Philip Morris USA.
  • 1969: Philip Morris Inc. acquires Miller Brewing Company from W.R. Grace and Company
  • 1970: Philip Morris GmbH set up as an affiliate in Germany.
  • 1985: Philip Morris Companies, a holding company, becomes the publicly-held parent of Philip Morris Incorporated.
  • 1987: Philip Morris International, newly incorporated operating company, acquires the international business division of Philip Morris, Inc.
  • 1988: Philip Morris Companies Inc. acquires Kraft Foods.
  • 2000: Philip Morris Companies Inc. merges Nabisco, a spin-off from RJR Nabisco, into Kraft Foods.
  • 2001: Philip Morris International headquarters are relocated from the USA to Lausanne, Switzerland.
  • 2002: Philip Morris Companies Inc. sells Miller Brewing Company to South African Breweries, retaining a 36% share.
  • 2003: Philip Morris Companies Inc. changes its name to Altria Group, Inc., the parent company of Kraft Foods, Philip Morris USA, Philip Morris International and Philip Morris Capital Corporation.
  • 2007: The company announces the spin-off of Kraft Foods, and will concentrate on its tobacco activity [2]
  • 2007: The company announces the plan to phase out production and jobs at the Concord, North Carolina plant, ultimately shutting the plant down by 2010.[3]
  • 2007: Altria announces the planned spin-off of Philip Morris International

1847 was a common year starting on Friday (see link for calendar). ... Year 1881 (MDCCCLXXXI) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Thursday of the 12-day slower Julian calendar). ... 1887 (MDCCCLXXXVII) is a common year starting on Saturday (click on link for calendar) of the Gregorian calendar or a common year starting on Monday of the Julian calendar. ... Year 1902 (MCMII) was a common year starting on Wednesday (link will display calendar) of the Gregorian calendar (or a common year starting on Tuesday [1] of the 13-day-slower Julian calendar). ... Year 1919 (MCMXIX) was a common year starting on Wednesday (link will display the full calendar). ... For the rap album, see 1924 (album). ... Marlboro logo Marlboro is a brand of cigarette made by Altria. ... Year 1951 (MCMLI) was a common year starting on Monday (link will display the full calendar) of the Gregorian calendar. ... This article is about the broadcast network. ... I Love Lucy is a television situation comedy, starring Desi Arnaz and Lucille Ball, also featuring Vivian Vance and William Frawley. ... Year 1954 (MCMLIV) was a common year starting on Friday (link will display full calendar) of the Gregorian calendar. ... Year 1955 (MCMLV) was a common year starting on Saturday (link displays the 1955 Gregorian calendar). ... Year 1955 (MCMLV) was a common year starting on Saturday (link displays the 1955 Gregorian calendar). ... Altria Group owns 100 percent of Philip Morris International (PMI). ... For other uses, see 1963 (disambiguation). ... Year 1967 (MCMLXVII) was a common year starting on Sunday (link will display full calendar) of the 1967 Gregorian calendar. ... Altria Group owns 100 percent of Philip Morris International (PMI). ... Year 1968 (MCMLXVIII) was a leap year starting on Monday (link will display full calendar) of the Gregorian calendar. ... Philip Morris USA is the United States tobacco division of Altria Group, Inc. ... Also: 1969 (Stargate SG-1) episode. ... Miller Brewing Company is the second largest American beermaker and is based in Milwaukee. ... W. R. Grace and Company NYSE: GRA is a conglomerate founded in 1854 by William Russell Grace (1832-1904). ... Year 1970 (MCMLXX) was a common year starting on Thursday (link shows full calendar) of the Gregorian calendar. ... Gesellschaft mit beschränkter Haftung (GmbH) is a type of business structure in Germany, similar to limited liability company in the United States. ... This article is about the year. ... Year 1987 (MCMLXXXVII) was a common year starting on Thursday (link displays 1987 Gregorian calendar). ... Altria Group owns 100 percent of Philip Morris International (PMI). ... Year 1988 (MCMLXXXVIII) was a leap year starting on Friday (link displays 1988 Gregorian calendar). ... Kraft Foods Inc. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Nabisco logo Nabisco is an American manufacturer of cookies and snacks, including brands such as Chips Ahoy!, Fig Newtons, Mallomars, Oreos, Premium Crackers, Ritz Crackers, Teddy Grahams, Triscuits, Wheat Thins, and Chicken in a Biskit. ... RJR Nabisco, Inc. ... Kraft Foods Inc. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Lausanne (pronounced ) is a city in the French-speaking part of Switzerland, situated on the shores of Lake Geneva (French: Lac Léman), and facing Évian-les-Bains (France) and with the Jura mountains to its north. ... Also see: 2002 (number). ... Miller Brewing Company is the second largest American beermaker and is based in Milwaukee. ... South African Breweries was founded in 1895 by Jacob Letterstedt specifically to serve a new market of miners and prospectors in and around Johannesburg. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Kraft Foods Inc. ... Philip Morris USA is the United States tobacco division of Altria Group, Inc. ... Altria Group owns 100 percent of Philip Morris International (PMI). ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Concord is a city located in Cabarrus County, North Carolina, a suburb of Charlotte. ... 2010 (MMX) will be a common year starting on Friday of the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...

Products

Basic is a brand of lower-cost cigarettes manufactured by Philip Morris, a division of Altria Group. ... Bond Street (new style) and Bond Street Special boxes Bond Street is an international (non-US) brand of cigarettes, sold in more than 50 countries of the world, produced by Philip Morris International, now part of Altria Group. ... Advertisement for Chesterfield cigarettes from the early 20th century At one time, Chesterfield was one of the three most smoked brands of cigarettes in the United States. ... Chesterfield County is a county located in the Commonwealth of Virginia, a state of the United States. ... Cigarettes produced by Philip Morris Companies Inc. ... Marlboro logo Marlboro is a brand of cigarette made by Altria. ... Parliament cigarettes Parliament is a brand of cigarette manufactured by Altria (formerly Philip Morris). ... This article or section does not cite any references or sources. ... Sampoerna is an Indonesian cigarette brand smoked by millions of Indonesians. ... 1978 Virginia Slims magazine ad. ...

Corporate governance

Board of directors

Current members of the board of directors of Altria Group are: Chairman of the Board redirects here. ...

On May 1, 2006, Carlos Slim resigned from the board of directors. The board presently comprises eleven members. Dr. Elizabeth E. Bailey (1938 - ) Director of Altria since 1989 John C. Hower Professor of Business and Public Policy, The Wharton School of the University of Pennsylvania Dr. Bailey joined Altria in July 1991, having served from July 1990 to June 1991 as a professor of industrial administration at Carnegie... Harold Brown (born September 19, 1927), American scientist, was U.S. Secretary of Defense from 1977 to 1981 in the cabinet of President Jimmy Carter. ... Mathis Cabiallavetta (1945 - ) Director of Altria since: 2002 Mr. ... Louis C. Camilleri is the Chairman and CEO of Altria group, the parent company of Phillip Morris and Kraft Foods, and Chairman of Kraft Foods. ... John Dudley Fishburn (born June 8, 1946) is a British journalist and politician. ... Robert E. R. Huntley (1929 - ) Director of Altria Group since 1976. ... Thomas W. Jones (1949 - ) Mr. ... George Muñoz (1951 - ) has been a Director of Altria Group since 2004. ... John Shepard Reed is the Chairman of the New York Stock Exchange. ... Stephen M. Wolf (1941 - ) Director of Altria Group since 1993. ...


Executive staff

  • Louis C. Camilleri, Chairman and Chief Executive Officer, Altria Group, Inc.
  • André Calantzopoulos, President and Chief Executive Officer, Philip Morris International 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.
  • 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.

Louis C. Camilleri is the Chairman and CEO of Altria group, the parent company of Phillip Morris and Kraft Foods, and Chairman of Kraft Foods. ... Michael Szymanczyk is the current CEO of Philip Morriss USA division. ...

Political influence

According to the Center for Public Integrity, Altria spent around $101 million on lobbying the United States government between 1998 and 2004, making it the second most active organization in the nation. [4] [5] The Center for Public Integrity is a nonprofit news organization dedicated to producing investigative reporting on public officials, government policy and its effects[1]. // Located in Washington, DC, USA, the Center for Public Integrity produces reports aimed to provide transparent and insightful reporting. ... This article describes the government of the United States. ...


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. [6] Global warming refers to the increase in the average temperature of the Earths near-surface air and oceans in recent decades and its projected continuation. ... Variations in CO2, temperature and dust from the Vostok ice core over the last 450,000 years For current global climate change, see Global warming. ... Astroturfing is a term for formal public relations campaigns in politics and advertising that seek to create the impression of being spontaneous, grassroots behavior. ... The Advancement of Sound Science Coalition (TASSC), is well documented in the Tobacco Documents entered in evidence and passed through due process of law of the largest civil suit in United States history which resulted in a Multistate Settlement Agreement of a record $240 billion dollars by the tobacco companies. ...


See also

The tobacco industry comprises those persons and companies engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. ... Philip Morris USA is the United States tobacco division of Altria Group, Inc. ... The Master Settlement Agreement (MSA) was an agreement between the largest tobacco companies and 46 U.S. States reached in 1998. ...

External links

References

  1. ^ US Securities and Exchange Commission, Altria Group, Inc. Annual report 2006
  2. ^ Altria "when-issued" shares set to trade
  3. ^ Philip Morris to close Concord plant, Charlote Business Journal
  4. ^ The Center for Public Integrity: Altria Group, Inc.
  5. ^ The Center for Public Integrity: Top 100 Companies and Organizations
  6. ^ The Guardian: "The denial industry"

  Results from FactBites:
 
Altria Group - Wikipedia, the free encyclopedia (1481 words)
Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc.), based in New York City, is one of the world's largest food, beverage, and tobacco corporations and a component of the Dow Jones Industrial Average and SandP 500.
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 to consolidate operations and achieve cost savings for shareholders.
Many activists criticize Altria group simply for being in the business of selling cigarettes, since smoking is linked to a variety of serious illnesses, including cardiovascular disease, emphysema, and lung and other human cancers.
USCM Business Council - Altria Group, Inc. Profile (201 words)
Altria Group, Inc. is the parent company of Kraft Foods, Philip Morris International, Philip Morris USA, Philip Morris Capital Corporation, and is the largest shareholder in the world’s second-largest brewer, SABMiller.
Altria companies employ over 166,000 people worldwide and have strong ties to the communities in which their employees work and live.
Altria Group’s operating companies and staff departments are governed by a strong, comprehensive set of explicit, enterprise-wide standards that make clear that nothing is more important than compliance and integrity.
  More results at FactBites »

 
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:

 


Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m