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Altria Group

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"Phillip Morris" redirects here. For the racecar driver, see Phillip Morris (autoracer).
Altria Group Inc

<tr><td colspan="2" style="text-align:center; padding:16px 0 16px 0;">Altria logo</td></tr>

Type Public (NYSE:MO)
Founded 1860 London
Headquarters New York City

<tr><th style="text-align:right; padding-right:0.75em;">Industry</th><td>Tobacco, Food, Beverage</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Products</th><td>See below</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Revenue</th><td>Image:Green Arrow Up.svg$97.854 billion USD (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Employees</th><td>199,000</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Website</th><td>www.altria.com</td></tr>

Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc.), based in New York City, is the parent company of Kraft Foods, Philip Morris International, Philip Morris USA and Philip Morris Capital Corporation. In addition, Altria Group, Inc. has a 28.7% economic and voting interest in SABMiller plc.

Altria is one of the world's largest tobacco, food and beverage corporations. It is a component of the Dow Jones Industrial Average and S&P 500.

On January 27, 2003, Philip Morris Companies Inc. changed its name to Altria Group, Inc.

Contents

[edit] Holdings

Altria Group, Inc. owns 100 percent of Philip Morris USA, Philip Morris International, and Philip Morris Capital Corporation. It also owns 88.1 percent of Kraft Foods Inc. and 28.7% of SABMiller plc.

The net revenue (and operating income) of Altria Group, Inc. comes predominantly from its tobacco business (over 70% in 2005), as is shown in the following table (Source:US Securities and Exchange Commission, Altria Group, Inc. Annual report 2005):

Activity Net revenue
in 2005
(millions USD) 		Net revenue
in 2005
(%) 		Operating
income
in 2005
(millions USD) 		Operating
income
in 2005
(%)
USA tobacco 18,134 18.5% 4,581 26.3%
International tobacco 45,288 46.3% 7,825 45.0%
North American food 23,293 23.8% 3,831 22.0%
International food 10,820 11,1% 1,122 6.5%
Financial services 319 0.3% 31 0.2%
Total 97,854 100.0% 17,390 100.0%

[edit] Philip Morris component

Altria's tobacco subsidiary, Philip Morris, is the world's largest commercial tobacco company by sales. (The China National Tobacco Co. and Japan Tobacco sell larger volumes.) Their flagship Marlboro is the world's most popular tobacco brand. Other popular tobacco brands owned by Philip Morris are Parliament, Virginia Slims, and Benson & Hedges (licensed in some markets).

Philip Morris was founded by a London tobacconist of the same name. He was one of the first people to sell hand-rolled cigarettes in the 1860s, selling them under the brand names Oxford and Cambridge Blues, following the adoption of cigarette smoking by British soldiers returning from the Crimean War. The company opened its New York office in 1902 and soon became part of James Duke's American Tobacco Company monopoly.

Though Altria's headquarters are still in New York, in 2004 its Philip Morris USA division completed a move of its 682 New York based employees to Richmond, Virginia.

[edit] Corporate Office Location

  • 120 Park Avenue

New York, NY 10017 USA

  • Telephone: 1 917 8048233
  • Fax: 1 917 663 2167

(See also complete offices list)

[edit] History

[edit] Altria's history at a glance

[edit] Products

A more complete list is at Altria assets

[edit] Tobacco

[edit] Food & Beverage

[edit] Corporate governance

[edit] Board of directors

Current members of the board of directors of Altria Group are:

On May 1, 2006, Carlos Slim resigned from the board of directors. The board presently is composed of eleven members.

[edit] Executive staff

[edit] Political influence

With $101,220,000 reported lobbying [1], Altria is the corporation with the biggest investment in influencing lawmakers in Washington.

Altria is also involved in combating proponents of global warming and climate change, through the funding of astroturf organisations such as The Advancement of Sound Science Coalition. [2]

[edit] See also

[edit] External links

Dow Jones Industrial Average Image:Flag of the United States.svg
3M | Alcoa | Altria Group | American Express | American International Group | AT&T | Boeing | Caterpillar Inc. | Citigroup | The Coca-Cola Company | DuPont | Exxon Mobil | General Electric | General Motors | Hewlett-Packard | Home Depot | Honeywell | Intel | IBM | Johnson & Johnson | JPMorgan Chase | McDonald's | Merck & Co. | Microsoft | Pfizer | Procter & Gamble | United Technologies | Verizon | Wal-Mart | The Walt Disney Company

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