Business News

Freeman and Brewer Named to Universal’s Top Spots

2008-08-05 14:38:00

Freeman and Brewer Named to Universal’s Top Spots

    RICHMOND, Va., Aug. 5 /EMWNews/ -- Universal Corporation

(NYSE: UVV)'s Board of Directors has elected George C. Freeman, III,

currently President and Chief Executive Officer, to succeed Allen B. King

as Chairman of the Board, with immediate effect. Mr. King had previously

announced his intention to retire at this year's Annual Meeting. He did not

stand for reelection to the Board and has been named Chairman Emeritus. The

Board also elected W. Keith Brewer to the post of Executive Vice President,

Chief Operating Officer.

    Mr. Freeman has been with the Company since 1997. Prior to that time,

he was with Hunton & Williams, an international law firm. Mr. Freeman was

elected General Counsel and Secretary of the Company in February 2001, and

Vice President on November 9, 2005. He was elected President on December

13, 2006, and became Chief Executive Officer on April 1, 2008.

    Mr. Brewer has over 30 years of experience with Universal and has led

the Company's global tobacco operations since 2006. Prior to that time, he

served as the Company's International Processing Director for nine years

before being named President of Universal Leaf North America U.S., Inc. in

2002. In that role, he oversaw the Company's North American operations.

    Mr. King has been with the Company since 1969. He became President and

Chief Executive Officer of the Company on January 1, 2003, and was elected

Chairman of the Board of Directors of the Company on October 28, 2003.

    Mr. Freeman noted, "I am honored that the Board of Directors has

selected me as Chairman. I have worked closely with Allen King for many

years, and during this time, we have had a truly unique relationship. We

congratulate him on an outstanding career and wish him a long, healthy and

happy retirement. In addition, I am pleased that Keith Brewer will now

formally serve as Chief Operating Officer of the Company. It is a role that

he has filled informally for the last two years. He is a wonderful leader,

a supportive colleague, and a good friend who embodies Universal's best


    Headquartered in Richmond, Virginia, Universal Corporation is one of

the world's leading tobacco merchants and processors and conducts business

in more than 35 countries. Its revenues from continuing operations for the

fiscal year ended March 31, 2008, were $2.1 billion. For more information

on Universal Corporation, visit its web site at

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website now offers Organic Lead Generation & Traffic Solutions

Blake Masterson

Freelance Writer, Journalist and Father of 5

Related Articles

Back to top button