MORRISVILLE, N.C., June 23, 2015 /PRNewswire/ -- Alliance One International, Inc. (NYSE:AOI) today announced the pending retirement of John M. Hines from the Board of Directors, effective as of the 2015 Annual Shareholders Meeting to be held on August 13, 2015.
"On behalf of the Board of Directors, I would like to thank John for his 23 years of outstanding service to the Company and its shareholders, as an Executive Vice President of the Company and a predecessor entity from 1992 through June 1996, and as a member of the Board of Directors since 1995," said Mark Kehaya, Chairman of the Board. "The Company has benefitted tremendously from John's sound and thoughtful guidance."
Pieter Sikkel, Chief Executive Officer and President of Alliance One added, "John's experience and insights have helped shape Alliance One's strategy and vision, and have played a key role in preparing the Company to respond to the ever-changing economic and market conditions facing our industry. We wish John all the best in the years to come."
About Alliance One International, Inc.:
Alliance One International is a leading independent leaf merchant which selects, purchases, processes, packs, stores and ships leaf tobacco to customers in more than 90 countries across the globe. Committed to helping farmers become more sustainable and produce higher yielding and higher quality tobacco, food and cash crops, the company also provides agronomy expertise and financing to suppliers. For more information, visit www.aointl.com.
Cautionary Information Regarding Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations of future events. Such statements include, but are not limited to, statements about future financial and operating results, plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results may differ materially from those currently anticipated expected or projected. The following factors, among others, could cause actual results to differ from those expressed or implied by the forward-looking statements: changes in the timing of anticipated shipments, changes in anticipated geographic product sourcing, political instability in sourcing locations, currency and interest rate fluctuations, shifts in the global supply and demand position for tobacco products, and the impact of regulation and litigation on customers. Additional factors that could cause Alliance One's results to differ materially from those expressed or implied by forward-looking statements can be found in Alliance One's most recent Annual Report on Form 10-K and the other filings with the SEC which are available at the SEC's website, www.sec.gov.
SOURCE Alliance One International, Inc.