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Altria converts Juul nonvoting shares to voting shares
Henrico-based tobacco products manufacturer says it will not take active role until FTC complaint is resolved
Henrico County-based Altria Group Inc. has converted its nonvoting shares of e-cigarette leader Juul Labs Inc. to voting shares, the company announced Thursday. However, Altria said it does not plan to take a more active role on the board until a federal complaint is resolved. Altria has owned 35% of Juul’s stock since late 2018,
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Juul Labs moving HQ from San Francisco to D.C.
Henrico's Altria Group holds 35% stake in e-cigarette manufacturer
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E-cigarette manufacturer Juul Labs Inc. is moving its company headquarters from San Francisco to Washington, D.C., a fact first reported Tuesday by the Wall Street Journal. Henrico County-based Altria Group Inc. holds a 35% stake in Juul, which is cutting about 900 jobs from its 3,000-person global workforce, including about 25% of its U.S. employees,