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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
08/25/201615:00:00Altria Increases Quarterly Dividend by 8.0% to $0.61 per Common...
08/24/201610:00:00Altria to Host Webcast from the Barclays Global Consumer Staples...
08/23/201614:50:00SABMiller Says U.K. Court Agrees Largest Shareholders Can Be...
08/23/201608:11:00Court Lets SABMiller Treat Biggest Shareholders as Separate Class...
08/23/201608:10:00Court Lets SABMiller Treat Biggest Shareholders as Separate Class...
08/08/201615:46:06Statement of Changes in Beneficial Ownership (4)
08/05/201615:49:49Statement of Changes in Beneficial Ownership (4)
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07/29/201613:16:00SABMiller Board Backs AB InBev's Higher Offer -- 6th Update
07/29/201612:36:00SABMiller Board Backs AB InBev's Higher Offer -- 5th Update
07/28/201603:03:00New Twist In Beer Megadeal -- WSJ
07/27/201617:04:00SABMiller Pauses Integration Work With Anheuser-Busch InBev...
07/27/201616:03:00SABMiller Pauses Integration Work With Anheuser-Busch InBev...
07/27/201613:51:00SABMiller Pauses Integration Work With Anheuser-Busch InBev...
07/27/201613:47:00Altria's Raises Earnings Outlook for the Year
07/27/201613:30:00SABMiller Pauses Integration Work With Anheuser-Busch InBev...
07/27/201613:20:00SABMiller Pauses Integration Work With Anheuser-Busch InBev
07/27/201612:48:00SABMiller Pauses Integration Work With Anheuser-Busch InBev
07/27/201610:38:59Quarterly Report (10-q)
07/27/201609:55:00Correction to Altria Earnings Article

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