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Posted 12 September, 2023

PYXUS INTERNATIONAL, INC. appointed new CEO

CEO Change detected for ticker OTC:PYYX in a 8-K filed on 12 September, 2023.


  On September 12, 2023, the Board of Directors of Pyxus International, Inc. (the "Company") appointed Scott A. Burmeister as Executive Vice President and Chief Operating Officer of the Company and Dustin L. Styons as Executive Vice President, Business Strategy & Sales of the Company. In such capacities, Mr. Burmeister and Mr. Styons each report directly to the Company's President and Chief Executive Officer and Mr. Burmeister serves as the Company's principal operating officer.  

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Overview of PYXUS INTERNATIONAL, INC.
Consumer Goods • Tobacco
Pyxus International, Inc. is an agricultural company, which engages in the provision of various agricultural products, ingredients, and services to businesses and customers. It offers leaf tobacco, e-liquids used in vaporizers, electronic cigarettes, and other vaping hardware and accessories, and industrial hemp derived cannabidiol products. The company was founded in 1873 and is headquartered in Morrisville, NC.
Market Cap
$57.5M
View Company Details
PYXUS INTERNATIONAL, INC. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers 


On September 12, 2023, the Board of Directors of Pyxus International, Inc. (the "Company") appointed Scott A. Burmeister as Executive Vice President and Chief Operating Officer of the Company and Dustin L. Styons as Executive Vice President, Business Strategy & Sales of the Company. In such capacities, Mr. Burmeister and Mr. Styons each report directly to the Company's President and Chief Executive Officer and Mr. Burmeister serves as the Company's principal operating officer.


Mr. Burmeister, age 46, has 27 years of multinational management and operating experience with the Company's leaf tobacco subsidiary, Alliance One International, LLC ("AOI"), and its subsidiaries and predecessors. He has served as Regional Director, Europe, Middle East & Africa since September 2020 and before that served as Managing Director, Turkey and Regional Director, Europe from October 2015. He served as Managing Director of AOI's Bulgarian subsidiary from January 2010, having previously served as that subsidiary's Sales Director from 2008. Before that, Mr. Burmeister served in positions of increasing responsibility with subsidiaries of AOI's predecessor in Zimbabwe and Kyrgyzstan, beginning his career in 1996 with a subsidiary in Zimbabwe as a leaf buyer.


Mr. Styons, age 41, has had an 18-year multifaceted career with the Company and its predecessors. Prior to his appointment as Executive Vice President, Business Strategy & Sales, he served as Vice President, Corporate Finance and Business Development of the Company since May 2021 and as Senior Vice President and Chief Financial Officer of AOI since September 2020, after having served as Regional Financial Director, North & Central America of the Company's predecessor since February 2017. Before that, Mr. Styons served in positions of increasing responsibility in finance with the Company's predecessor, including FP&A, Risk Management, Treasury and Corporate Audit.


In connection with Mr. Burmeister's appointment as Executive Vice President and Chief Operating Officer, his compensation was adjusted to provide for salary at an annual rate of €389,000 and his annual incentive plan target opportunity will be increased to 75% of base salary commencing with the fiscal year beginning April 1, 2024. In connection with Mr. Styons's appointment as Executive Vice President Business Strategy & Sales, his compensation was adjusted to provide for salary at an annual rate of $378,000 and his annual incentive plan target opportunity will be increased to 75% of base salary commencing with the fiscal year beginning April 1, 2024.