Lorillard implementing succession review process for CEO departure
Lorillard announced that as part of its fiduciary responsibilities to shareholders of the company, it has been implementing a succession review process in anticipation of the December 31, 2010 expiration of the employment contract of thecChairman, president and CEO, Martin Orlowsky. As part of this process, the board will weigh all relevant options. :theflyonthewall.com
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Lorillard February put option implied volatility is at 27, March is at 31; compared to its 26-week average of 32 according to Track Data, suggesting decreasing near term price movement into the expected release of Q4 on February 29 . :theflyonthewall.com