Universal Announces Retirement Of Johan Kroner As SVP And CFO; Company Initiates Search For Successor

Johan C. Kroner to Retire after 32 Years with Company

Company Has Initiated Search for Successor; Kroner to Serve in Role until New CFO Appointed

Universal Corporation (NYSE:UVV) ("Universal" or the "Company"), a global business-to-business agriproducts company, today announced that Johan C. Kroner will retire from his role as Senior Vice President and Chief Financial Officer ("CFO").

Mr. Kroner is committed to ensuring a smooth transition and will remain with Universal until July 1, 2026. Mr. Kroner will continue as CFO until a successor is appointed, at which time he will remain Senior Vice President of the Company for the duration of his tenure. In this role, Mr. Kroner will serve as an advisor to the Chief Executive Officer and provide support to the new CFO. Universal has initiated a search process to identify a successor with the assistance of a global executive search firm.