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Reynolds American CEO Delen's 2011 Pay Grew 38%

By John Kell Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Total pay for Reynolds American Inc.'s (RAI) Chief Executive and President Daniel Delen jumped 38% to $8.5 million in 2011 from the previous year, according to a filing with the Securities and Exchange Commission. The nation's second-largest tobacco company behind Altria Group Inc. (MO) disclosed Delen's base salary and stock awards grew, though nonequity incentive plan compensation dropped. Delen became president and CEO-elect of Reynolds American at the beginning of 2011, after the company announced Susan Ivey's retirement, and permanently assumed the roles in March last year. Prior to joining Reynolds American in early 2007, Delen was an executive at British American Tobacco PLC (BATS.LN). Ivey's total compensation was $23.8 million for her final full year of employment in 2010 and dropped 84% to $3.8 million the following year, when she was employed by Reynolds American for two months. The figures were part of a preliminary proxy statement Reynolds American filed with the SEC late Thursday. Reynolds American has shifted its focus toward a few key brands as cigarette volumes decline industrywide. The company has also diversified into smokeless tobacco and is seeking broader appeal with Camel dissolvables. Last month, Reynolds American reported its fourth-quarter profit rose 16% as higher prices and improvements to productivity helped lift operating margins. Shares fell 2 cents to $42.05 after hours. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Altria (MO)
DateTimeHeadline
07/28/201508:20:10Reynolds American Lifts Earnings Outlook
07/27/201519:33:46Improving Economy Boosts Altria's Marlboro Sales--Earnings Preview
07/16/201512:32:34Philip Morris International Delivers Another Solid Earnings Report
07/16/201508:59:00Altria Announces Expansion of Strategic Framework with Philip...
07/15/201510:00:00Altria to Host Webcast of 2015 Second-Quarter Results
07/10/201510:59:02Stocks To Watch in Consumer Staples: Altria Group Inc and Tyson...
07/08/201518:25:033 Consumer Goods Stocks to Buy in July
07/08/201508:57:02Why Altria Group Stock Is Letting the Flame Die Out in 2015
07/02/201515:34:54Statement of Changes in Beneficial Ownership (4)
07/02/201515:31:52Statement of Changes in Beneficial Ownership (4)
07/02/201515:27:41Statement of Changes in Beneficial Ownership (4)
07/02/201515:21:35Statement of Changes in Beneficial Ownership (4)
07/01/201511:45:21Amended Annual Report (10-k/a)
06/23/201512:04:19Current Report Filing (8-k)
06/23/201508:00:00Altria Holds Investor Day; Reaffirms 2015 Adjusted Diluted EPS...
06/17/201518:13:033 Sin Stocks With 5% Dividend Yields
06/11/201514:14:12Annual Report of Employee Stock Plans (11-k)
06/11/201514:08:03Annual Report of Employee Stock Plans (11-k)
06/09/201510:00:00Altria to Host Webcast of Its Investor Day
06/03/201518:00:18Stocks to Watch in E-Cigs: Altria Group Inc., Reynolds American...

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