Alliance One Provides Details Of New Organizational Structure - Quick Facts

(RTTNews) - Alliance One International, Inc. (AOI) on Monday announced details of its new organizational structure designed to support its diversified business lines by fostering greater collaboration and efficiency.

Alliance One also announced several executive leadership appointments to manage the new structure and further advance the "One Tomorrow" transformation initiative.

The new structure will become effective on September 12, 2018. Alliance One International, Inc., which will become Pyxus International, Inc., on September 12, will primarily be a holding company and will be led by Pieter Sikkel, President, CEO and Chairman of the Board of Directors.

On September 12, 2018, the company's 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."

As a holding company, Pyxus will provide shared services, including Finance, Legal Services, Business Services and Human Resources to all company divisions.

Finance will be led by Joel Thomas, Executive Vice President and Chief Financial Officer. Legal Services will be led by William O'Quinn, Senior Vice President, Chief Legal Officer and Secretary.

Business Services will be led by Tracy Purvis, Senior Vice President, Business Services; while Human Resources will be led by Laura Jones, Senior Vice President, Human Resources.

The company's Global Specialty Products division, which includes its investments in the e-liquids, industrial hemp and legal cannabis space, will continue to be led by Bryan Mazur.

The company's tobacco division will retain the Alliance One name to honor the history and legacy of the brand. It will be led by Alexandre Strohschoen, who previously served as Regional Director for the company's South American region.

In addition, Pyxus will deepen its roots in agronomic services through the development of a value-added agricultural products division that will focus on expanding the Company's footprint into additional crops. This division will be led by Jose Maria Costa, shifting from his role as Executive Vice President - Global Operations and Supply Chain.