MORRISVILLE, N.C., Aug. 21, 2018 /PRNewswire/ -- Alliance One
International, Inc. (NYSE: AOI) announced that the Company's
shareholders approved the change in corporate name to Pyxus
International, Inc., at the Company's Annual Meeting of
Shareholders held on August 16,
2018.
The Company plans to start using the name Pyxus on September 12, 2018, at which time the shares will
begin trading on the NYSE under the symbol "PYX." Until then, the
Company's shares will continue to trade on the NYSE under the
symbol "AOI." The Company will use the "Alliance One" brand name
for its leaf tobacco business.
"Our transition to Pyxus International is a significant
milestone in our 'One Tomorrow' transformation journey," said
Pieter Sikkel, President and Chief
Executive Officer. "As we continue broadening our business
portfolio by focusing on consumer-driven agricultural products, the
new organization will enable us to become the trusted provider of
responsibly produced, independently verified, sustainable and
traceable agricultural products, ingredients and services."
In addition, the Board of Directors also approved changes to its
leadership. Pieter Sikkel, President
and Chief Executive Officer, has been appointed Chairman of the
Board, replacing Mark Kehaya, and
Jeffrey A. Eckmann will assume the
role as lead independent director from C. Richard ("Dick") Green,
Jr. Both Kehaya and Green will remain members of the Board.
"Pieter has done an incredible job leading our Company through
our 'One Tomorrow' transformation, and I am pleased that he is
taking over as Chairman of the Board," said Kehaya. "With the
success of the transformation thus far, it is a natural next step
for him to take the lead on our Board of Directors. I would like to
congratulate him for his success and am excited to continue working
with him as we explore and maximize opportunities to enhance
shareholder value."
"On behalf of the entire board, I want to thank Mark for his
outstanding leadership in driving our company forward through the
transformation as well as his guidance and support during his years
as Interim CEO for the company. We are honored to have his
continued counsel and service as a director," said Sikkel. "I also
want to thank Dick Green for his
contribution as lead independent director through some of the
crucial strategic decisions we have made. We are pleased that Jeff
will take on a robust leadership role to continue to advance our
strategy as we expand and diversify our business while maintaining
our commitment to strong corporate governance."
Further detail on the Company's brand, structure and strategy
will be discussed at the upcoming Investor and Analyst Day on
September 12, 2018, in New York City.
About Alliance One International, Inc.
Alliance One International (NYSE: AOI) is an agricultural
company that delivers value-added products and services to
businesses and customers, and is a trusted provider of responsibly
sourced, independently verified, sustainable and traceable products
and ingredients.
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SOURCE Alliance One International, Inc.