Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
OnMarch 16, 2020 ,Bruce Gates , a Director and Chair of the Compensation Committee of the Board of Directors (the "Board") ofCronos Group Inc. (the "Company") resigned as a Director of the Company, in order to focus on other increased professional responsibilities.Mr. Gates had been nominated to the Board by Altria Group, Inc. ("Altria") pursuant to the Investor Rights Agreement, datedMarch 8, 2019 (the "Investor Rights Agreement"), between the Company and Altria. There were no disagreements between the Company andMr. Gates with respect to any matter relating to the Company's operations, policies or practices. OnMarch 17, 2020 , in accordance with the Investor Rights Agreement and Altria's submission, the Board electedHeather Newman as a Director of the Company, to serve until the next Annual Meeting of Shareholders of the Company, effectiveMarch 17, 2020 .Ms. Newman serves as Senior Vice President, Corporate Strategy, Altria Group, Inc. In her role, she oversees Altria's Strategy and Business Development as well as Advanced Analytics, Investor Relations and Corporate Communications. Previously,Ms. Newman served as President and Chief Executive Officer forPhilip Morris USA , where she led the company's efforts to responsibly manufacture and market its brands, including Marlboro and IQOS, to adult tobacco consumers in a financially disciplined way. Since 1999, Heather held numerous leadership roles in Sales and Brand Management including Vice President & General Manager, Marlboro, the leading cigarette brand in all 50 states.Ms. Newman received her undergraduate business degree fromSaint Joseph's University's Erivan K. Haub School of Business and completed her M.B.A. atSaint Joseph's University with a concentration in Marketing in 2005. She serves on the Board of Directors of theVirginia Mentoring Partnership ,The Executive Advisory Council for the University of Richmond Robins School of Business , as well as on the Board of Visitors forSaint Joseph's University .Ms. Newman will not be compensated as a non-executive Director as an Altria nominee and employee. The Company has entered into its standard form of indemnification agreement withMs. Newman . No family relationships exist betweenMs. Newman and any of the Company's other directors or executive officers. Item 8.01. Other Events.
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