US: Lorillard Elects New Board Member

Source from:  PR Newswire  04/01/2014

Lorillard, Inc. (NYSE: LO), the third largest tobacco company in the United States, today announced the election of Jerry W. Levin to its Board of Directors, effective immediately. The Board is now comprised of nine members, eight of whom are non-executive independent directors.

"We are delighted that Jerry has joined our Board. He brings extensive leadership and strategic experience within the consumer products industry to our Board's already broad range of talents," said Murray S. Kessler, Chairman, President and CEO of Lorillard, Inc. "We look forward to Jerry's contributions as we work to achieve our goal to consistently deliver double digit total shareholder returns over the long term."

Jerry W. Levin serves as Executive Chairman of Wilton Brands Inc., a creative consumer products company, a position he has held since 2009. He also served as Chief Executive Officer of Wilton Brands Inc. from 2009 to 2014. Mr. Levin served as Chairman and Chief Executive Officer of JW Levin Partners LLC, a management and investment firm that he founded in 2005. Prior to that, he served as Chairman and interim Chief Executive Officer of Sharper Image Corporation, Chairman and Chief Executive Officer of American Household, Inc. (formerly Sunbeam Corporation) and Chairman and Chief Executive Officer of Revlon International Corporation. Mr. Levin also serves on the Boards of Directors of U.S. Bancorp and Ecolab Inc.Enditem