M. Max Yzaguirre — Board Member Accountability Profile
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M. Max Yzaguirre — Board Member Accountability Profile

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M. Max Yzaguirre — Board Member Accountability Profile

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Category: Private Citizen — Corporate Director Role: Independent Director, Altria Group Inc. Board Tenure: 2022 – present Committee Memberships: Compensation & Talent Development Committee; Finance Committee; Innovation Committee Profile Type: Board Member Accountability — Anchor B (Documented Organizational Leadership)

> Basis for Inclusion: M. Max Yzaguirre holds a documented governance role at Altria Group Inc. Altria Group Inc. is the parent company of Philip Morris USA, the maker of Marlboro cigarettes, and has made significant documented political donations to Trump-aligned entities. Altria’s business is substantially affected by FDA tobacco regulation, federal excise tax policy, and the regulatory framework governing menthol cigarettes, oral nicotine, and e-cigarettes. This profile documents the factual governance relationship, not the subject’s personal political views.

> Subject Classification: Private Citizen / Corporate Director. Board membership is a matter of public record.

> What is NOT the basis for inclusion: Personal political opinions, party affiliation, or protected speech are NOT the basis for inclusion.

Biographical Overview

M. Max Yzaguirre is an energy infrastructure executive whose career was centered in the construction and engineering services sector serving the energy industry. He served as Retired Executive Chairman and CEO of Forbes Bros. Holdings and Forbes Bros. Limited, a Canadian-based specialty construction and industrial services company operating primarily in the U.S. energy infrastructure sector, providing construction services for pipelines, power generation, and transmission assets. His operational leadership experience in capital-intensive, regulated energy infrastructure businesses provides perspective relevant to Altria’s Finance and Innovation committees as the company manages its own capital deployment and product development investments. Yzaguirre joined the Altria board in 2022.

Board Role and Governance Authority

  • Company: Altria Group Inc. (NYSE: MO)
  • Board tenure: 2022 – present
  • Committee assignments: Compensation & Talent Development Committee; Finance Committee; Innovation Committee

Other Current Board Memberships (if applicable)

Not separately disclosed in the 2025 DEF 14A proxy beyond Altria service.

Parent Corporate Donor Profile

This profile is a governance-accountability companion to the Altria Group corporate donor profile.

Sources

  • Altria Group Inc. DEF 14A Proxy Statement, filed April 3, 2025; SEC EDGAR (CIK 764180)
  • SEC EDGAR filing: https://www.sec.gov/Archives/edgar/data/764180/000155837025004359/tmb-20250515xdef14a.htm
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