Vector Group Appoints Richard J. Lampen as Chief Operating Officer and Member of the Board of Directors
January 14 2021 - 4:57PM
Business Wire
Vector Group Ltd. (NYSE: VGR) (the “Company”) today announced
that it has appointed its current Executive Vice President Richard
J. Lampen to the additional position of Chief Operating Officer
(COO) and to serve as a member of the Board of Directors, effective
immediately.
“On behalf of the Board and Management team, we are pleased to
announce Dick’s new roles at Vector Group,” said Howard M. Lorber,
President and Chief Executive Officer of Vector Group. “With his
broad executive experience and deep operational understanding of
the company, having served in a variety of senior leadership roles
for Vector Group and its affiliates for more than 25 years, Dick is
a valuable addition to our Board and a natural fit to be COO.”
“I am honored and delighted to work alongside Howard and the
rest of our very talented team as we continue serving our dedicated
employees, partners and investors,” said Mr. Lampen. “I look
forward to advancing Vector Group’s goals on behalf of all of our
stakeholders.”
Mr. Lampen served as President and Chief Executive Officer of
Ladenburg Thalmann Financial Services Inc. from September 2006 to
February 2020, and as Chairman from September 2018 until February
2020, when the company was successfully sold for $1.3 billion to
Advisor Group, a portfolio company of Reverence Capital Partners.
From October 2008 until October 2019, Mr. Lampen served as
President and Chief Executive Officer and was a member of the Board
of Directors of Castle Brands Inc. prior to its acquisition by
Pernod Ricard. Vector Group held an approximate 10% interest in
Ladenburg Thalmann Financial Services Inc. and an approximate 8%
equity interest in Castle Brands Inc.
Before joining Vector Group in 1995, Mr. Lampen was a Managing
Director at Salomon Brothers Inc. and a partner at law firm Steel
Hector & Davis in Miami, Florida. Mr. Lampen received a
Bachelor of Arts degree from Johns Hopkins University and a Juris
Doctorate from Columbia Law School.
About Vector Group
Vector Group is a holding company for Liggett Group LLC, Vector
Tobacco Inc., New Valley LLC and Douglas Elliman Realty, LLC.
Additional information concerning the company is available on the
Company's website, www.vectorgroupltd.com.
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