People: Lorillard Inc (LO)

LO on New York Consolidated

61.00USD
21 Jul 2014
Price Change (% chg)

$-0.68 (-1.10%)
Prev Close
$61.68
Open
$60.30
Day's High
$61.18
Day's Low
$60.11
Volume
6,504,125
Avg. Vol
4,064,046
52-wk High
$67.46
52-wk Low
$41.56

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Summary

Name Age Since Current Position

Murray Kessler

54 2011 Chairman of the Board, President, Chief Executive Officer

David Taylor

58 2010 Chief Financial Officer, Executive Vice President - Finance and Planning

Ronald Milstein

57 2012 Executive Vice President - Legal and External Affairs, General Counsel, Secretary

Randy Spell

62 1999 Executive Vice President - Marketing and Sales

Charles Hennighausen

59 2002 Executive Vice President - Production Operations

Virgis Colbert

74 2013 Lead Independent Director

Robert Almon

62 2008 Independent Director

Dianne Blixt

54 2011 Independent Director

Andrew Card

66 2011 Independent Director

David Dangoor

65 2008 Independent Director

Kit Dietz

57 2008 Independent Director

Jerry Levin

69 2014 Independent Director

Richard Roedel

64 2013 Independent Director

Robert Bannon

Director of Investor Relations

Biographies

Name Description

Murray Kessler

Mr. Murray S. Kessler is Chairman of the Board, President, Chief Executive Officer of Lorillard, Inc. He joined Lorillard in September 2010 as Director, President and Chief Executive Officer, and assumed the role of Chairman of the Board on January 1, 2011. Prior to joining Lorillard, Mr. Kessler was Vice Chair of Altria Group, Inc. (“Altria”) and President and Chief Executive Officer of UST LLC, a wholly owned subsidiary of Altria. Mr. Kessler held this position from January 2009 through June 2009, the six months following the acquisition of UST, Inc. (“UST”) by Altria. Prior to 2009, Mr. Kessler had served as Chairman of the Board of UST, the principal businesses of which included U.S. Smokeless Tobacco Company (“USSTC”) and Ste. Michelle Wine Estates, since January 2008 and President and Chief Executive Officer of UST since January 2007. He was President and Chief Operating Officer from November 2005 to December 2006 and was President of USSTC from April 2000 through October 2005. Mr. Kessler served as a director of UST from 2005 through 2008. Prior to joining UST, Mr. Kessler had over 18 years of consumer packaged goods experience with companies, including Campbell Soup and Clorox.

David Taylor

Mr. David H. Taylor serves as Chief Financial Officer, Executive Vice President - Finance and Planning of Lorillard Inc. Mr. Taylor joined Lorillard in January 2008 and served on the Board of Directors from 2008 to September 2010. Prior to joining Lorillard, Mr. Taylor was a Senior Managing Director with FTI Palladium Partners, a firm specializing in providing interim management services. In that capacity, he served as Interim Chief Financial Officer of Eddie Bauer Holdings, Inc. from January 2006 to November 2007.

Ronald Milstein

Mr. Ronald S. Milstein is Executive Vice President - Legal and External Affairs, General Counsel, Secretary of Lorillard Inc., since February 2012. Previously, Mr. Milstein served as Senior Vice President, Legal and External Affairs, General Counsel and Secretary from 2005 to 2012 and Vice President, General Counsel and Secretary from 1998 to 2005. Mr. Milstein has been with Lorillard since 1996.

Randy Spell

Mr. Randy B. Spell is Executive Vice President - Marketing and Sales of Lorillard Inc., since 1999. Previously, Mr. Spell served as Senior Vice President, Sales for four years and prior to that, as Vice President, Sales for one year. Mr. Spell has been with Lorillard since 1977.

Charles Hennighausen

Mr. Charles E. Hennighausen serves as Executive Vice President - Production Operations of Lorillard Inc. Mr. Hennighausen has served in this position since he joined Lorillard in 2002.

Virgis Colbert

Mr. Virgis W. Colbert is Lead Independent Director of Lorillard Inc., since July 2008. Mr. Colbert served in a variety of key leadership positions with Miller Brewing Company since 1979, including Executive Vice President of Worldwide Operations from 1997 to 2005 and Senior Vice President of Operations from 1993 to 1997. He continues to serve as a Senior Advisor to MillerCoors LLC. Mr. Colbert serves on the Board of Directors of Bank of America Corp., The Hillshire Brands Company (formerly known as Sara Lee Corporation), Stanley Black & Decker and The Manitowoc Company, Inc. Mr. Colbert also served on the Board of Directors of Merrill Lynch & Co., Inc. from 2006 to 2008. He is Chairman Emeritus of the Board for the Thurgood Marshall Scholarship Fund, former Chairman of the Board of Trustees for Fisk University, and a member of Omega Psi Phi Fraternity and the Boulé. He is a life member of the National Association for the Advancement of Colored People.

Robert Almon

Mr. Robert C. Almon is Independent Director of Lorillard Inc., since November 2008. Mr. Almon has served as Senior Adviser to the President for Enterprise Finance and Long-range Financial Planning at Pace University in New York since January 2012, and served as Pace’s Executive Vice President and Chief Financial Officer from May 2010 through January 2012. From 1998 until 2007, Mr. Almon was a principal of Ernst & Young LLP where he established and served as National Director of the Center for Strategic Transactions, a strategy consulting practice focused on enhancing shareholder value, and subsequently he served on Ernst & Young’s Partner Advisory Council. Prior to 1998, Mr. Almon was a Managing Director in Corporate Finance at Salomon Brothers (now Citigroup) and previously at Lehman Brothers. Before becoming an investment banker he held strategic and treasury positions with General Motors Corporation and General Motors Acceptance Corporation (now Ally Financial). Since May 2009, Mr. Almon has served as the independent trustee of GMAC Common Equity Trust I (“Trust”) with absolute discretion to manage approximately 10% of the common equity interests of GMAC held by the Trust for the benefit of General Motors Company as sole beneficiary.

Dianne Blixt

Ms. Dianne Neal Blixt serves as Independent Director of Lorillard Inc., since January 2011. Ms. Blixt served as Executive Vice President and Chief Financial Officer of Reynolds American Inc. (“RAI”) from July 2004 until her retirement in December 2007. Prior to that, she had served as Executive Vice President and Chief Financial Officer of R.J. Reynolds Tobacco Holdings, Inc., a wholly owned subsidiary of RAI, from July 2003 to June 2004. Ms. Blixt served in various roles of increasing responsibility with RAI and its subsidiaries since 1988. Ms. Blixt served on the board of directors of LandAmerica Financial Group, Inc. from 2006 to 2009 and Metavante Technologies, Inc. from 2007 to 2009. She is also a board member for the Reynolda House Museum of American Art, the UNC Greensboro Bryan School MBA program, Summit School and The Children’s Home.

Andrew Card

Mr. Andrew H. Card, Jr., serves as Independent Director of Lorillard Inc., since August 2011. Mr. Card is a consultant and professional speaker. In July 2011, he became the Acting Dean of the Bush School at Texas A&M University. He served as Chief of Staff to President George W. Bush from November 2000 to April 2006. Prior to serving on the White House staff, Mr. Card was Vice President, Government Relations for General Motors Corporation. From 1993 to 1998, Mr. Card was President and Chief Executive Officer of the American Automobile Manufacturers Association. Mr. Card served as the 11th Secretary of Transportation under President George H.W. Bush from 1992 to 1993. He also served as a Deputy Assistant to the President and Director of Intergovernmental Affairs for President Ronald Reagan. Mr. Card serves as a director of Union Pacific Corp.

David Dangoor

Mr. David E. R. Dangoor is Independent Director of Lorillard Inc., since July 2008. Mr. Dangoor has been President of Innoventive Partners LLC, a firm providing consulting services in the fields of marketing strategy and public relations, since 2003. Mr. Dangoor retired from Philip Morris Companies Inc. (now known as Altria) in 2002 following more than 27 years in senior executive positions, which included Head of Marketing, Philip Morris Germany; President, Philip Morris Canada; Senior Vice President of Marketing, Philip Morris USA, and Executive Vice President, Philip Morris International. Mr. Dangoor serves as a director of Lifetime Brands, Inc.; Chairman of the Board of Directors of BioGaia AB; and a member of the Advisory Board of the Denihan Hospitality Group.

Kit Dietz

Mr. Kit D. Dietz is Independent Director of Lorillard Inc., since June 2008. Mr. Dietz is the principal of Dietz Consulting LLC, a consulting firm founded in 2004 to provide consulting services for the convenience industry in the United States and Canada. In 2003, Mr. Dietz was a Senior Vice President with Willard Bishop Consulting LTD, which provides consulting services to companies in the food industry, including consumer packaged goods companies. Mr. Dietz also served as Chairman of Tripifoods, Inc. and president of J.F. Walker Company, Inc., L&L Jiroch Distributing Company, Inc. and United Wholesale Company, Inc. In addition, Mr. Dietz has served on the Board of Directors of the American Wholesale Marketer’s Association, an international trade organization working on behalf of convenience distributors in the United States, and was the Chairman of its Industry Education Committee. Mr. Dietz continues to provide consulting services to the American Wholesale Marketer’s Association and consumer packaged goods manufacturers to enhance their market strategies and efficiencies in the convenience channel.

Jerry Levin

Mr. Jerry W. Levin is an Independent Director of the Company. Jerry W. Levin serves as Executive Chairman of Wilton Brands Inc., a creative consumer products company, a position he has held since 2009. He also served as Chief Executive Officer of Wilton Brands Inc. from 2009 to 2014. Mr. Levin served as Chairman and Chief Executive Officer of JW Levin Partners LLC, a management and investment firm that he founded in 2005. Prior to that, he served as Chairman and interim Chief Executive Officer of Sharper Image Corporation, Chairman and Chief Executive Officer of American Household, Inc. (formerly Sunbeam Corporation) and Chairman and Chief Executive Officer of Revlon International Corporation. Mr. Levin also serves on the Boards of Directors of U.S. Bancorp and Ecolab Inc.

Richard Roedel

Mr. Richard W. Roedel, CPA, is Independent Director of Lorillard Inc. He became a director of Lorillard in June 2008 and has served as Lead Independent Director since February 2010. He is also a director and audit committee member for IHS, Inc. and Six Flags Entertainment Corporation, and a director and non-executive chairman of Luna Innovations Incorporated. Mr. Roedel served on the Boards of Directors of Brightpoint, Inc. from 2002 to 2012 and Sealy Corporation from 2006 to March 2013. From 1985 through 2000, Mr. Roedel was employed by the accounting firm BDO Seidman LLP, the United States member firm of BDO International, as an Audit Partner, being promoted in 1990 to Managing Partner in Chicago, and then to Managing Partner in New York in 1994, and finally in 1999 to Chairman and Chief Executive. Mr. Roedel joined the Board of Directors of Take-Two Interactive Software, Inc., a publisher of video games, in November 2002 and served in various capacities with that company through June 2005 including Chairman and Chief Executive Officer. Mr. Roedel is a director and chairman of the audit committee of Broadview Network Holdings, Inc., a private company, and a director of the Association of Audit Committee Members, Inc., a non-profit association of audit committee members dedicated to strengthening the audit committee by developing practices. Mr. Roedel is a certified public accountant.

Robert Bannon

Basic Compensation

Name Fiscal Year Total

Murray Kessler

10,447,200

David Taylor

3,499,690

Ronald Milstein

2,694,010

Randy Spell

2,821,120

Charles Hennighausen

2,241,260

Virgis Colbert

--

Robert Almon

--

Dianne Blixt

--

Andrew Card

--

David Dangoor

--

Kit Dietz

--

Jerry Levin

--

Richard Roedel

--

Robert Bannon

--
As Of 30 Dec 2013

Options Compensation

Name Options Value

Murray Kessler

0 0

David Taylor

374,040 8,903,700

Ronald Milstein

86,208 1,617,680

Randy Spell

157,674 3,667,830

Charles Hennighausen

103,041 2,164,270

Virgis Colbert

0 0

Robert Almon

0 0

Dianne Blixt

0 0

Andrew Card

0 0

David Dangoor

0 0

Kit Dietz

0 0

Jerry Levin

0 0

Richard Roedel

0 0

Robert Bannon

0 0
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