Universal Corporation Announces Leadership Transition and New CEO

Universal (UVV) has issued an announcement.

Universal Corporation has announced a major leadership change with Preston D. Wigner set to become Chairman, President, and CEO starting October 1, 2024, succeeding George C. Freeman III who is retiring. The transition comes after a carefully planned succession process, which involved a global leadership advisory firm. Wigner, with the company since 2003, previously served as Senior Vice President and has a legal background. His appointment is part of a smooth changeover, with Freeman assisting as Vice Chair and later as Senior Advisor. Compensation details for the new roles will be decided by the Company’s Compensation Committee.

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