Management changes at 22nd Century

Joseph Pandolfino has stepped down as chairman and CEO of 22nd Century Group. He will remain a member of the company’s board of directors. According to 22nd Century Group, Pandolfino’s entrepreneurial spirit and vision have enabled the company to create and assemble an important and impressive portfolio of technology, and there are continuing discussions to have him remain with the company in the role of chief technology officer.

“Under Joe Pandolfino’s leadership, 22nd Century has amassed an incredible stable of propriety plant technologies which offer exceptional opportunities for commercialization to build long term shareholder value,” said James Cornell, the newly elected chairman of the board. “On behalf of the board and the company’s shareholders, I want to thank Joe for his significant contributions to the company’s success.”

With the company’s inclusion into the U.S. Master Settlement Agreement, the soon-to-start sales of product in the U.S. and Europe, and a joint venture in Asia, the board of directors has decided to seek executive leadership with broad experience.

Accordingly, the board of directors named Henry Sicignano, III, the current company president, to be the new chief operating officer.

“Henry Sicignano is ideally suited to lead the company’s tobacco related business,” said Cornell. “His strong tobacco background growing the National America Spirit cigarette brand, coupled with his sound strategic and implementation skills, are excellent.”