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.
For a thorough assessment of UVV stock, go to TipRanks’ Stock Analysis page.
