Company Overview of R.J. Reynolds Tobacco Company
R.J. Reynolds Tobacco Company manufactures and markets cigarettes for adult tobacco consumers in the United States. It offers its products through a network of retailers and wholesalers. R.J. Reynolds Tobacco Company was formerly known as Brown & Williamson U.S.A., Inc. The company was founded in 1875 and is based in Winston-Salem, North Carolina. R.J. Reynolds Tobacco Company operates as a subsidiary of R.J. Reynolds Tobacco Holdings, Inc.
401 North Main Street
Winston-Salem, NC 27102
Founded in 1875
Key Executives for R.J. Reynolds Tobacco Company
President and Chief Commercial Officer
Chief Scientific Officer and Executive Vice President of Operations
Senior Vice President of Research & Development
Compensation as of Fiscal Year 2013.
R.J. Reynolds Tobacco Company Key Developments
R.J. Reynolds Tobacco Company Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
Jul 24 13
R.J. Reynolds Tobacco Company reported unaudited earnings results for the second quarter and six months ended June 30, 2013. For the second quarter, the company’s adjusted operating income was increased 9.8% to $662 million against $604 million a year ago, benefitting from higher pricing and lower MSA cost. Adjusted results exclude a $15 million one-time benefit from the NPM settlement with two additional settling states, as well as charges of $9 million for Engle progeny lawsuits and other tobacco-related litigation, and $5 million for implementation costs. Net sales were $1,792 million against $1,833 million a year ago. Operating income was $663 million against $594 million a year ago.
For the first half, the company’s adjusted operating income was up 9.4% to $1,225 million against $1,120 million a year ago. Net sales were $3,350 million against $3,464 million a year ago. Operating income was $1,421 million against $971 million a year ago.
Vermont Judge Orders R.J. Reynolds Tobacco Company to Pay $8.3 Million in Penalties and Stop Deceptive Advertising
Jun 6 13
A Vermont Superior Court judge ordered the R.J. Reynolds Tobacco Company to pay $8.3 million for deceptive marketing of its Eclipse cigarettes that violated both Vermont's consumer protection laws and the 1998 state tobacco settlement, which prohibited tobacco companies from misrepresenting the health consequences of using a tobacco product. The order stems from the court's finding, after a lengthy trial, that Reynolds made unsubstantiated marketing claims that Eclipse cigarettes "may present less risk of cancer" and other serious diseases caused by smoking. The judge also issued an injunction that prohibits Reynolds from making any claim that a tobacco product is less harmful without strong, credible scientific evidence to support it. The Vermont ruling is a timely reminder of the tobacco industry's long history of deceiving the public about the health risks of its products and making false claims that certain products are safer. It shows why Reynolds must be viewed with skepticism when it claims to be a "transformed" tobacco company that supports "harm reduction" strategies, which call for promoting supposedly less-harmful tobacco products. In addition to deceiving the public, Reynolds continues to target kids with cigarette marketing, as shown by a new ad campaign for Camel Crush cigarettes that has run in many magazines with large youth readerships.
Schlesinger Law Offices Wins $2 Million Verdict Against R.J. Reynolds Tobacco Company, Lorillard Tobacco Company and Liggett Group LLC
May 3 13
Schlesinger Law Offices wins $2 million verdict. A Palm Beach County jury on May 2, 2013 found three tobacco companies partly responsible for a grandmother's chronic obstructive pulmonary disease (COPD), emphysema and lung cancer death following years of suffering. They awarded more than $2 million in actual damages and for pain and suffering. The plaintiffs, Delray Beach resident David Cohen, 92, and the estate of his wife, Helen Cohen, claimed Mrs. Cohen's smoking caused her chronic illness and eventual death. The jury found R.J. Reynolds Tobacco Company, Lorillard Tobacco Company and Liggett Group LLC, mostly responsible for Mrs. Cohen's 2006 death. The jury also found that Ms. Cohen was addicted to the nicotine found in cigarettes.
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