Universal Corporation CFO David Moore takes medical leave

  • After around eight years on the job
  • Position is currently not filled
  • Responsibilities redistributed

(management-change.com) — Richmond, Virginia, January 12, 2017 — David Moore, finance chief of Universal Corporation, takes a medical leave of absence. It is an abrupt change. As announced by Universal Corporation in a news release and in a regulatory filing published on Thursday, January 12, 2017, David C. Moore leaves the post as Chief Financial Officer at the leaf tobacco supplier after around eight years on the job, effective immediately.

The position of Chief Financial Officer is currently not filled. David C. Moore’s responsibilities are redistributed.

“Temporary medical leave of absence”

Universal Corporation said: “Senior Vice President and Chief Financial Officer David C. Moore will be on a temporary medical leave of absence, effective immediately.”

Share price rise since March 2009

The change follows a rise in the share price of Universal Corporation since March 2009.

Chaired by George C. Freeman III

Universal Corporation is chaired by George C. Freeman III.

George C. Freeman, III, Chairman, President, and Chief Executive Officer, joined Universal Leaf Tobacco Company in 1997.

On the job as CFO since 2008

Moore has been the Chief Financial Officer and Senior Vice President of Universal Corp., since September 2008.

Moore has been with Universal since 1978.

He served as Vice President and Chief Administrative Officer of Universal Corporation since 2006 and prior to that, was responsible for oversight of the Company’s administrative offices in Europe from 1999 to 2005.

Moore is a Certified Public Accountant.

He serves as Secretary to the Executive Committee and the Executive Compensation, Nominating and Corporate Governance Committee.

Push-out Score not determined

When the reason for the departure is health-related, a Push-out Score™ is not determined.

Read the full story in the management-change.com report 03.2017 ($).