Crosthwaite will continue 'a broad review of the company's practices and policies to ensure alignment with its aim of responsible leadership within the industry,' Juul said in a press release.
Juul will suspend all product advertising in the U.S.executive K.C. Crosthwaite, Juul announced Wednesday.
Altria invested $12.8 billion for a 35% stake in Juul late last year, placing a huge bet on the embattled e-cigarette company. Altria shares are down nearly 18% this year. Crosthwaite will continue "a broad review of the company's practices and policies to ensure alignment with its aim of responsible leadership within the industry," Juul said in a press release.
The company on Wednesday announced it will suspend all broadcast, print and digital product advertising in the U.S. It will not lobby the Trump administration on its impending policy to remove flavored e-cigarettes from the market and will comply with the final policy when effective.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal prosecutors in California reportedly open criminal probe of vaping company JuulThe probe by the U.S. attorney's office of the Northern District of California is in its early stages, the Journal reported, citing people familiar with the matter.
Read more »
WSJ News Exclusive | Federal Prosecutors Conducting Criminal Probe of JuulFederal prosecutors in California are conducting a criminal probe into e-cigarette maker Juul Labs, according to people familiar with the matter, escalating law-enforcement scrutiny of the startup.
Read more »
Juul Criminal Probe Latest In Mounting Legal, Regulatory Pressure On VapingCalifornia joins the group of investigations into vaping.
Read more »
Juul Criminal Probe Latest In Mounting Legal, Regulatory Pressure On VapingCalifornia joins the group of investigations into vaping by lisettevoytko
Read more »
CDC warns of dangers of nicotine salts used by vaping giant Juul in e-cigarettesA top U.S. health official told lawmakers Tuesday that e-cigarette market leader Juul uses salts in its vaping devices that she said could be particularly dangerous for teenagers.
Read more »
Vaping giant Juul reportedly cutting some of its 3,900 workers amid international scrutinyVaping giant Juul reportedly cutting staff in corporate restructuring amid international scrutiny
Read more »