Why Is Altria Group (MO) Adding A Consumer Goods Veteran To Its Board?

Altria Group (NYSE: MO) appointed Steven W. Presley to its Board of Directors, effective immediately. Presley currently serves as CEO of Refresco Benelux B.V. and previously held the role of Nestlé Zone Americas CEO. Altria highlighted Presley's broad consumer goods and beverage experience as a key addition to its board. This appointment places Altria Group among a wider set of income focused companies in which leadership decisions often matter as much as yield. Many investors therefore...