Press Release: GARY HYAMS LEAVES CAO INTERNATIONAL

Richmond, VA—General Cigar announced today that with completion of the integration of CAO® International and General Cigar Company, Gary Hyams will step down from his role as chairman of CAO International, effective today.

Along with Dan Carr, president of General Cigar, Mr. Hyams led the integration of the two companies as part of the recent joint venture with Scandinavian Tobacco Group, which was announced in October.

Gary Hyams commented, “Being at the helm of CAO for the past four years has meant a lot to me and I am proud of what my colleagues and I have accomplished. I have great faith in Dan Carr and his team, and I leave CAO fully confident that they will continue to enhance and grow the brand.”

Dan Carr, president of General Cigar said, “Gary is a strong leader who is responsible for bringing international prominence to CAO. I am grateful to him for his dedication to the company and to all that he contributed toward the integration of General Cigar and CAO into the new Scandinavian Tobacco Group.  Gary has done an exceptional job of preparing my staff and me for the future and we remain committed to continuing the momentum that he and his colleagues have built with CAO.”

In 2007, Hyams was highly instrumental in the acquisition of CAO International and was appointed Chairman.  Under his leadership, CAO has grown to become a highly successful company in the competitive premium cigar category.  He retained the culture of the company and implemented many successful new brand launches including America®, Lx2® and La Traviata®, which has received the highest acclaim of all CAO brands to date. Mr. Hyams was also heavily involved in the 2009 acquisition of the Toraño and Olivas cigar factories in Nicaragua and Honduras.

Mr.  Hyams has been an advocate for the cigar industry, having been appointed to the Board of Directors of the Cigar Association of America (CAA) and having served as Chairman of the Imported Tobacco Products Advisory Council (ITPAC) in the U.K.

His distinguished career in the industry began in the U.K. at “Loretta Cigars London LTD,” which Mr. Hyams later came to co-own. Loretta Cigars was noted for building the Henri Wintermans, King Edward and Ritmeester brands, and was also an agent for Macanudo®, Don Tomas®, CAO and the cigarette brand “Natural American Spirit.”

Upon the sale of Loretta Cigars to Henri Wintermans, Mr. Hyams became managing director in the new company, Henri Wintermans U.K.  Upon the Acquisition of CAO, Mr. Hyams held the distinction of being the only general manager/managing director in Scandinavian Tobacco Group to hold that position in two different countries.

About General Cigar

General Cigar Co. Inc., a division of Scandinavian Tobacco Group, manufactures and markets handcrafted cigars for the premium market. Committed to delivering cigars of the finest quality, General Cigar’s skilled artisans produce Macanudo, Cohiba®,  La Gloria Cubana®, Punch®, CAO®, Partagas®, Hoyo de Monterrey®, Excalibur® and several other leading premium brands in the company’s Dominican, Honduran and Nicaraguan factories. In addition, the company cultivates proprietary tobacco which is used exclusively in its blends. General Cigar also operates Club Macanudo®, a cigar bar in New York City. Based in Richmond, VA, General Cigar sells through tobacconists nationwide and also exports select products to 62 countries. For more information, please visit www.cigarworld.com.

®  CAO, America, LX2, La Traviata, Macanudo, Don Tomas, Cohiba, La Gloria Cubana, Punch, Partagas, Hoyo de Monterrey, Excalibur and Club Macanudo are registered trademarks of General Cigar Co. Inc.

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