Altria Centralizing Operations In $600M Cost-Savings Initiative Altria Group launched a cost-savings initiative to improve organizational speed and agility through the use of artificial intelligence and other automation. Altria Group To Sell Ste. Michelle Wine EstatesAltria Group subsidiary UST LLC will sell its Ste. Michelle Wine Estates business to private equity firm Sycamore Partners Management for $1.2 billion. Philip Morris International’s Latest Hire to Accelerate a Smoke-Free Future Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements. Altria Group Names New CEO Howard Willard, who’s been recovering from COVID-19, is retiring after being with the company for nearly three decades.
