Altria President and Chief Operating Officer David Beran, 60, will retire 1 March, ending a 38-year career at the company. He will be replaced as COO by Chief Financial Officer Howard Willard, Altria said.

William Gifford, currently senior vice president of strategy and business development, will become chief financial officer. Marty Barrington, Altria chairman and chief executive officer, will assume the role of president. All appointments are effective 1 March.