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CHICAGO–C. Henry Foltz, the chairman of Liggett-Stashower in Cleveland, will resign on Aug. 1 after almost three years in the position.
The agency set an election for a new chairman for early August, during its annual meeting.
Foltz, 63, took over as chairman in November 1997 from David L. Stashower. At that time, the company prepared a succession plan that included Foltz’s retirement. Lig-gett-Stashower will buy out Foltz’s ownership interest in the company, although Foltz will remain on the firm’s board of directors.
Foltz joined the agency of Lang, Fisher & Stashower in 1971.
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