CEO of Juul Steps Down; Company to Drop Ads

CEO of Juul Steps Down; Company to Drop Ads

5 years ago
Anonymous $MUlyiGRWxa

https://www.scientificamerican.com/article/ceo-of-juul-steps-down-company-to-drop-ads/

E-cigarette giant Juul Labs said Wednesday that it is suspending all of its U.S. advertising and will not lobby against a recently proposed ban on all flavored vaping products, a dramatic shift for a company that has shelled out millions on promoting its products and fighting policies that would restrict their sale.

The company also announced in a statement that its chief executive officer, Kevin Burns, is stepping down and will be replaced by an executive at Altria, a part-owner of Juul.