Mr. Burns owns over 4,569 units of Dynatrace Inc stock worth over $5,624,378 and over the last 12 years he sold DT stock worth over $44,347,905. Such products are responsible for nearly 80% of Juul's sales in the US, according to The Journal. Juul sales at US convenience stores fell 1.5 percent in the week ended Sept. 14 from the same week a year ago, according to Nielsen. Over the last 4 years, insiders at Dynatrace Inc have traded over $4,608,539,362 worth of Dynatrace Inc stock and bought 10,200 units worth $462,852 Today, Juul Labs, Inc. (JLI) posted its administrative appeal of the marketing denial order (MDO) issued by the Food and Drug Administration (FDA), which. kevin burns juul net worthaiken county sc register of deeds kevin burns juul net worth http://vape-dubai.com Kevin R Burns is President/Chief Operating Officer at Chobani LLC. During his time at Juul, the company faced increased regulatory scrutiny and product bans. adidas Promo Code - $30 Off 1000s of Best-Sellers + Free Shipping, 60% off running shoes and apparel at Nike without a promo code, Wayfair promo code: 10% off any single purchase, Save 15% on orders of $100+ with Kohl's coupon. Vaporized: Americas E-cigarette Addiction airs on CNBC on Monday, July 15, at 10 p.m. EDT. Juul says its products are meant for adults, not minors like Grace. In a statement, Juuls new CEO said hes always believed in a future where adult smokers choose alternative products like Juul., Unfortunately, today that future is at risk due to unacceptable levels of youth usage and eroding public confidence in our industry, Crosthwaite said. The most active insiders traders include Bravo Ugp, Llcthoma Bravo P, Bravo, Llcthoma Bravo Partn, and Siclen John Van. Top business news 14 videos. "When people say the long-term effects of vaping are not known, that's true?" / CBS News. Mr. Burns holds a B.S. E-CIGARETTES UNDER FIRE ON CAPITOL HILL AS NEARLY 1 IN 10 EIGHTH GRADERS VAPE Burns' resignation came two weeks after the Trump. Watch more of Dokoupil's interview with Burns, Thursday, August 29, on "CBS This Morning,"7 a.m. Altria invested $12.8 billion for . Crosthwaite, a top official at Altria, the cigarette giant that bought a 35-percent share in Juul for $12.8 billion last December and has seen the company it invested in rocked by growing crisis. "That's true. JUUL Labs, Inc. Appoints Kevin Burns, Previously President & Chief Operating Officer of Chobani, as its Chief Executive Officer. The firm has also announced it will. During his time at Juul, the company faced increased regulatory scrutiny and product bans. As of January 2023, Juul net worth is estimated to $25 billion, which was previously valued at $38 billion, the company hit after an investment from tobacco maker Altria in December 2018. Juul's "workforce will be reduced between now and the end of the year," the company said in a statement to Business Insider's Aaron Holmes on Tuesday. kevin burns juul net worth Mr. Burns was also the Treasurer and Secretary of SIGOS LLC, an affiliate of Dynatrace, until July 2018. Juul sells only nicotine products along with its sleek and popular vaping pens. Philip Morris and Altria, announcing the end of their talks, said they would instead focus on the joint launch of tobacco-heating product iQOS in the United States. It features a heating blade that warms a tobacco stick and emits a vapor with the taste of tobacco, but with fewer noxious chemicals than cigarette smoke. Juul Labs cofounders, James Monsees and Adam Bowens fortunes are set to rise from an estimated $730 million to more than $1.1 billion a piece on news that Altria is taking a 35% stake in Juul Labs at a $38 billion valuation. Juul Labs raised 650 million dollars, giving it a valuation of 15 billion in July 2018. 1 min read. Its content is produced independently of USA TODAY. Juul announces CEO Kevin Burns to be replaced. In it, Kevin discusses our comprehensive initiatives aimed at curbing underage use of vapor products, including JUUL products, while correcting misinformation that continues to circulate regarding JUUL Labs' record on youth prevention. All . With a Tobacco Executive, https://www.nytimes.com/2019/09/25/health/juul-vaping.html. The company has since introduced lower dosages with 3% nicotine for some of its flavors. The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. should have acted sooner, he said. That's why many of the world's largest enterprises trust Dynatrace to modernize and automate cloud operations, release better software faster, and deliver unrivaled digital experiences. Dokoupil asked. He is a member of famous Fighter with the age 41 years old group. The turn in fortunes for Juul, and perhaps e-cigarettes generally, culminates one of the biggest disagreements in public health in recent years: whether e-cigarettes would prove a benefit to society. We explain. But the companys initial foray in China this month failed almost immediately, and last week India also said it would ban the sale of e-cigarettes. Kevin Burns is rejoining Chobani as its new president and CEO. Juul Labs product has a very good design of its product, but until now, it was not able to get any awards for its product or for the company work. You may opt-out by, Meet Rajiv Jain, The Asset Management Billionaire Backing The Embattled Adani Group, Inside Mediobanca, The Investment Bank Making Record Profits Taking Italys Biggest Brands Public, Checks & Imbalances: Trump Collaborates On Song With Jan. 6 Prisoners, Ethics Panel Publishes Inquiry Into AOC, Trump And Jan. 6 Prisoners Collaborate On New Song Called Justice For All, Alexandria Ocasio-Cortez Likely Violated Ethics Laws With Met Gala Appearance, Says House Ethics Office, Exclusive: Mark Zuckerberg And Priscilla Chan On Their New Biohub In Chicago And How They Plan To Spend Billions To Help Others Cure Or Manage Disease, Exclusive: New Investigation Reveals Gautam Adanis Older Brother As Key Player In Adani Groups Biggest Deals, Checks & Imbalances: Trumps Tower Of Lies, Pompeos Book Sales. Kevin C. Burns serves as Chief Financial Officer, Treasurer of the Company. CEO: Dec 2017: Sep 2019: Chobani . Last updated: 18 August 2022 at 5:25pm EST. But Altria is likely to face a bumpier future amid the uncertainty around Juul. Actor John-Paul Howard Wiki, Age, Parents, Girlfriend, Net Worth, Is Lorene Scafaria Married In 2021? Its not intended for them. Grace said she would hit her Juul first thing in the morning and would puff on it all day, going through one nicotine pod per day about as much nicotine as a pack of cigarettes. Its a good question [whether the delay was a mistake], and its a question I get all the time, Gottlieb said. Burns, who joined Alto a year ago as chief operating officer, replaces co-founder Matt Gamache-Asselin as CEO, according to a memo sent to employees Thursday. This copy is for your personal, non-commercial use only. 1 2129 There's been a major shakeup at JUUL Labs, the manufacturer of the most popular e-cigarette in the U.S. Since launching in 2015, Juul has quickly come to dominate the e-cigarette industry with roughly 40% of the market, becoming such a dominant player thatAltria, the top U.S. cigarette company, invested $12.8 billion for a 35% stake in the San Francisco-based start-up. Kevin Burns is the CEO of Urbanspace Real Estate + Interiors. Former FDA Commissioner Scott Gottlieb blames a teen vaping epidemic on Juul. Juul lost the vast majority of its net worth during an investigation into its marketing practices. The drop came after many advertisers left the social-media platform following Elon Musks takeover. swift wart treatment reviews; airport police salary philippines; queen victoria 60th year commemorative medal; cutler anderson architects. Mr. Burns owns over 4,569 units of Dynatrace Inc stock worth over $4,920,534 and over the last 12 years he sold DT stock worth over $44,347,905. Juul is the face of the current public health crisis. As they get cheaper, going electric no longer has to be a costly proposition. Informacin detallada del sitio web y la empresa: flora-olanda.com, +39714072027, +39687121736, +393407790197, +393939763979, +39687120482 Flora Olanda | Ingrosso piante fiori e non solo. On Monday, federal prosecutors in California launched a criminal investigation into Juul. Kevin Burns, the outgoing Juul Labs C.E.O., in June. Juul Labs CEO Kevin Burns resigned on Sept. 25. In June of 2015, the Juul e-cigarette was introduced by PAX Labs. By Sheila Kaplan,Matt Richtel and Julie Creswell. Regulators in the U.K. are actively encouraging smokers to give up their cigarettes in favor of e-cigarettes, while the debate in the U.S. proves far more contentious. Hub Name . Kevin Burns: Juul is working to reduce youth vaping By Kevin Burns Guest columnist Jun 2, 2019 0 We share Attorney General Josh Stein's concerns about youth vaping, which is why we have been. In addition, he makes $3,214,090 as Chief Financial Officer and Treasurer at Dynatrace Inc. Kevin has made over 26 trades of the Dynatrace Inc stock since 2012, according to the Form 4 filled with the SEC. As of March 2023, Juul net worth is estimated to $25 billion, which was previously valued at $38 billion, the company hit after an investment from tobacco maker Altria in December 2018. This is a pivotal moment, he said. Some investment advisers pointed to the disarray with e-cigarettes as a potential benefit to traditional smoking. Rsum: Burns was a private equity executive with TPG Capital until leaving in 2014 to become president and COO of Greek yogurt company Chobani. Mr. Crosthwaite, in coming from Altria, brings to Juul the experience of working for one of the most regulatory-savvy companies in the world; the tobacco industry has navigated perilous straits in keeping its product on shelves and pushing internationally, despite cigarettes being a proven, addictive killer. In addition, he makes $3,214,090 as Chief Financial Officer and Treasurer at Dynatrace Inc. Kevin Burns's Net Worth: $1-5 Million Age, Height & Body Measurements Kevin Burns current age 59 years old. The company supports raising the minimum smoking age to 21 to keep teenagers from buying its e-cigarettes. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Heads need to roll, said Stefanie Miller, a co-founder of Sandhill Strategy, which consults with investment firms on regulatory policy, particularly tobacco-industry regulations. Juul is struggling to survive in the midst of a vaping-related public health crisis, and the e-cigarette maker's woes are beginning to impact the company's staffers. Vaping is at an inflection point.. Kevin Burns, CEO of Juul Labs the maker of the bestselling e-cigarette in the U.S. and center of federal regulators crackdown into what theyre calling a teen vaping epidemic has a message for parents whose children are addicted to his companys products: Im sorry.. Copyright 2023 CBS Interactive Inc. All rights reserved. Investors had appeared largely skeptical of the potential deal, despite the companies arguing that reuniting could revive their fortunes amid a decline in cigarette sales. It got widely spread in youth and has raised concerns from the public health community and multiple investigations by the U.S. Food and Drug Administration. Juul announces CEO Kevin Burns to be replaced. In December 2017, Tyler Goldman was replaced by Kevin Burns. As of 2023, Juul's net worth is projected to be $25 billion, down from $38 billion before the firm was acquired by tobacco giant Altria in 2018. August 28, 2019 / 6:38 PM Health authorities have not blamed the outbreak, in which nine people have died and more than 530 people been taken ill, on any one product. The company makes the Juul e-cigarette, which packages nicotine salts from leaf tobacco, into one-time use of small cartridges. They found that JUUL Labs appears to be violating FDA regulations against making unapproved express and implied claims that its product helps users to stop smoking cigarettes and is safer than cigarettes. It was announced that Kevin Burns was stepping down as CEO, and KC Crosthwaite, the Chief Growth Officer for Altria, will be taking over the post of CEO on 25 September 2019. On average, Kevin trades about 46,554 units every 111 days since 2011. 2023 NYP Holdings, Inc. All Rights Reserved, surge in mysterious illnesses linked to vaping, launched a criminal investigation into Juul, Juul to pay $1.2B to settle 10,000 youth-vaping lawsuits: report, Juul Labs paying $438.5M to settle states marketing probe, My lung spontaneously collapsed after vaping and I could have died, FDA temporarily suspends order banning Juul e-cigarettes. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The changes come as Juul faces serious threats to its once explosive growth. Video, 'Trump or bust' - grassroots Republicans are still loyal, AOC under investigation for Met Gala dress, Mother who killed her five children euthanised, Alex Murdaugh jailed for life for double murder, Zoom boss Greg Tomb fired without cause, The children left behind in Cuba's exodus, US sues Exxon over nooses found at Louisiana plant, Biden had skin cancer lesion removed - White House. Co-founder Adam Bowen said in retrospect the ads were inappropriate., When we launched Juul, we had a campaign that was arguably too kind of lifestyle-oriented, too flashy, he said. Pam Debonos daughter Grace picked up a Juul in the summer of 2017. Juul said this week it wont oppose the Trump administrations proposed ban on flavored e-cigarettes, which account for most of its sales. Our mission is to create a world where less adults use traditional, and also harmful, cigarettes. They used to work at JUUL Labs. Kevin Burns, who resigned in 2019 as chief executive officer of Juul Labs Inc. amid growing controversy over the marketing of e-cigarettes, was named CEO of online service Alto Pharmacy. Early Wednesday morning, after frantic days of internal meetings, the company announced that Kevin Burns would resign as chief executive. JUUL . Debono calls it the summer of Juul, when she started finding plastic covers everywhere that she didnt really have a clue what they were.. Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley. The vaping powerhouse Juul Labs replaced its chief executive with a veteran of Big Tobacco on Wednesday, deepening the companys turmoil and raising doubts about the very future of the e-cigarette industry. The leader of a House subcommittee investigating Juul Labs says the e-cigarette maker hasn't turned over documents it requested and warned that the committee could issue a subpoena demanding them. Chobani Inc. hired former Juul Labs Inc. chief executive Kevin Burns as its new president and chief operating officer, according to an internal memo reviewed by The Wall Street Journal. Burns - who was a partner at private equity firm TPG Capital, which made a major investment in Chobani in 2014 - led e-cigarette maker Juul between 2017-2019 and spent the next couple of years . He was previously worked at Chobani. The news of Juul's impending staff cuts comes one month after Juul CEO Kevin Burns resigned on September 25. Juul said it would not lobby against the proposed ban on flavoured e-cigarettes. Altria's $13 billion investment made Bowen and Monsees billionaires, according to Forbes estimates. E-cigarettes are being marketed to adults to help them quit smoking while still getting their nicotine fix. JUUL LABS PUBLISHES ITS 10.75 APPEAL, DETAILING THE SUBSTANTIVE AND PROCEDURAL ERRORS IN FDA'S MARKETING DENIAL ORDER FOR JUUL PRODUCTS AND BASIS FOR RESCISSION. The sudden announcement capped a relentless cascade of events that has called into question the safety of devices once billed as a promising alternative to cigarettes, one of the worlds leading preventable causes of death. , Juuls new valuation has more than doubled from the $16.2 billion when it raised money this summer. Juul has for years promoted its e-cigarettes, which contain addictive nicotine, as a safer alternative to traditional tobacco products. It is an approximate forecast of how rich is Kevin Burns (soccer) and could vary in the range between $877.6K - $1.1M. Like, it would always just be with me, you know? To see the top head roll is a sign to public health, investors, to everyone that they know they need to make some changes.. Mr. Burns, who worked at Chobani for several years before leading Juul, will report to the yogurt giants founder and CEO, Hamdi Ulukaya. Stanford pediatrics professor Bonnie Halpern-Felsher said her research team found kids are more addicted to Juul than other products because the nicotine level in Juul pods is astronomically high. Juul pods contain 5% nicotine, whereas other pods before Juuls introduction contained between roughly 1% and 2.4% on average, according to the Truth Initiative, a nonprofit dedicated to eradicating tobacco. http://ksa-vape.com/ Vaping fears: 'A new generation of nicotine addicts'. lifetime prohibition on cigarette sales to everyone born after 2008, a suite of what it says are new non-menthol cigarettes, fight laws and regulations aimed at curbing smoking, worked with Big Tobacco and has also advised Juul, F.D.A. But theyve come under fire in recent months for their growing popularity among teens. Altria announced that it was writing down $4.5 billion of the investment it had made in Juul by recording the pre-tax charge in its 3rd quarter results on 31 October 2019. Continue reading your article witha WSJ subscription, Already a member? Gottlieb, the former FDA commissioner, says the surge in teen vaping caught the FDA by surprise. On Sept. 10, President Trump met with Dr. Sharpless and Alex M. Azar II, the health and human services secretary. At least eight people have died from vaping, while more than 500 others have become sickened with lung issues, according to the Centers for Disease Control and Prevention. Ploom, a precursor to Juul, was launched in 2007 and first released Juul products in 2015. His legacy began at the age of 22 when he founded Urbanspace Real Estate. However, this information is not a verified piece of information. Prior to his role at Dynatrace, Mr. Burns was the President, Chief Financial Officer and Chief Operating Officer of iCAD Inc. (Nasdaq: ICAD) from April 2011 until September 2016. 11/19/2022 6:39 AM. We also envision a world where adults can easily reach required e-cigarette resources, therefore quitting the unhealthy cigarettes with a blink of an eye. Visit our site :http://vapejeddah.com The CEO of Juul Labs is defending his company's reputation amid growing concerns and mounting lawsuits tied to vaping. "We have a product that is legal today, is tested for toxicity, and does not present, you know, a risk based on the guidelines of the category today to the American public," Burns said. He will be replaced by former Altria executive K.C. Dr. David Kessler, a former commissioner of the Food and Drug Administration, said that in light of the epidemic of youth vaping, he doubted that any e-cigarette company could now prove that the benefits of its products outweighed the risks a critical factor to win agency approval to stay on the market in the United States. http://blinds-abudhabi.com As of 16 August 2022 he still owns at least 127,508 units of Dynatrace Inc stock. The estimated Net Worth of Kevin C Burns is at least $53.2 Million dollars as of 16 August 2022. In October 2019, Juul executives such as Chief Financial Officer Tim Danaher, Chief Administrative Officer Ashley Gould, Chief Marketing Officer Craig Brommers, and Senior Vice President of Advanced Technologies David Foster got departed from the company. He told the CBS show This Morning: "As a parent of a 16-year-old, 19-year-old, I don't want . After all this, the company is facing many losses, and its value has become one-third of its value. The company's ex-CEO, Kevin Burns, was reluctant to do anything about nearly expired products, the lawsuit alleges, quoting him as saying, "Half our customers are drunk and vaping like mo-fos . We don't have much information about He's past relationship and any previous engaged. fox hill country club membership cost. International expansion continues to be a huge opportunity given the number of smokers around the world, he told employees. Disclosure: Scott Gottlieb is a CNBC contributor. The e-cigarette industry which Juul commands, with more than 70 percent of the market is being threatened by twin public health crises: the rise of teenage vaping, which public health officials fear could create a new generation of nicotine addicts, and a surge of severe lung illnesses, including at least 11 deaths, linked to vaping. . approval for sale in the United States, is not an e-vapor product.. A federal judge agreed with public health groups that sued the FDA for shirking its public duty. British chip designer Arm intends to list its shares in New York,a blow to Londons stock exchange in the battle of global capital markets. The Wednesday announcements came a day after Juul said it was weighing layoffs and yanking all broadcast, print and digital product advertising in the US. Then in 2015, they sold their company Ploom, and its name was changed to Pax Labs and then developed into Juul. Kevin Burns, who resigned in 2019 as chief executive officer of Juul Labs Inc. amid growing controversy over the marketing of e-cigarettes, was named CEO of online service Alto Pharmacy, according to Bloomberg.. Burns, who joined Alto a year ago as chief operating officer, replaces co-founder Matt Gamache-Asselin as CEO, according to a memo sent to employees Thursday. warned could be construed as an illegal effort to portray its e-cigarettes as safer than traditional cigarettes. Please enter valid email address to continue. In October 2019, it was reported that Juul Labs planned to lay off approximately 500 workers by the end of 2019. Juul Labs, Inc. was founded on 22 May 2015. Rising costs and a shortage of workers are pushing the Southwest-style restaurant chain to do more with less. In addition to the deaths, 530 cases of the lung sicknesses have been reported by the Centers for Disease Control and Prevention, causing public health agencies to warn most people to refrain from vaping any substance. Kevin has received the coveted Emmy award for his role on a TV series called Biography. In a speech to a tobacco industry gathering in Washington on Wednesday, Howard Willard III, chief executive of Altria, said Mr. Crosthwaite would help Juul urgently control, confront and reduce youth vaping, and deal with the companys other problems. Last Update. It said it would not fight a Trump administration proposal to ban most flavored e-cigarettes, which would slash its domestic sales. It's not intended for them. Lea Suzuki/San Francisco Chronicle, via Polaris. Juul Labs was separated from PAX Labs as an independent company in July 2017, and Tyler Goldman, the former CEO of PAX Labs, was named as the CEO of Juul Labs. However, the injuries have raised alarm, especially in conjunction with surging rates of teen vaping. Each cofounder owns an estimated 1.75% of Juul and has netted an additional estimated $500 million from sales of their shares over time. Juul is now worth $24 billion, down from the $38 billion valuation the company hit after an investment from tobacco maker Altria in December 2018, Markets Insider previously reported. Number of Current Jobs 1. . At the end of 2017, Juul Labs became the most popular e-cigarette in the United States and had a market share of 72% until September 2018. The most recent stock trade was executed by Stephen J. For about ten months, Altria's $13 billion expenditure rendered co-founders Bowen and Monsees billionaires, but their net wealth has now gone down. That's a true statement," Burns said. Henry William . All of this foreshadows a regulatory showdown at the F.D.A. He is from New Zealand. According to Wells Fargo, from this deal, the Juul Labs were valued at $38 billion. But skeptics have said all along that not enough is known about the long-term health effects of e-cigarettes and assert that they, and Juul, in particular, have spurred heavy experimentation by teenagers. This is a BETA experience. President & COO: 2014: 2016: Related Hubs. Kevin Burns Bio, Net Worth 2023, Age, Birthday, Height. Contact. We never want them to use the product. (Juul is sold in the U.S., U.K., Canada, Israel and Russia.). Crosthwaite, the embattled e-cigarette company announced Wednesday. Yet Juuls critics point to the companys initial advertising campaign, which featured bright colors and young looking models, as evidence that Juul fueled the surge in teen vaping. Tim Hubbard, an assistant professor of management in the University of Notre Dames Mendoza College of Business, said it was not surprising that Mr. Burns was stepping down from the company as it had struggled to adapt to the swift change of perceptions, from a company that was providing an alternative to smoking to one that had been vilified. The United States is moving toward asking vaping companies for permission to sell any products, Ms. Miller from Sandhill Strategy said. Juul is also facing multiple investigations, including into its marketing practices. Getty Images. The investigation was headed by Illinois Representative Raja Krishnamoorthi, who was the Chairman of the Oversight Subcommittee on Economic and Consumer Policy. Kevin's mailing address filed with the SEC is C/O DYNATRACE, INC., 1601 TRAPELO ROAD, SUITE 116, WALTHAM, MA, 02451. The e-cigarette maker is also reportedly under criminal investigation by the US Attorney's Office for the Northern District of California. Juul Labs became a very famous company by the end of 2018, but later, when the company went under investigation by FDA, they found that the company is making false claims about its product. The 1,500 employees of e-cigarette maker Juul are going to get the chance to answer that question. Shares in Philip Morris rose 5.2 percent on Wednesday, while those of Altria fell 0.4 percent. Analysts said it was increasingly likely that Altria might have to write down the value of its $12.8 billion investment in Juul, given the recent developments and uncertainty surrounding the company. Mr Burns will be replaced immediately by KC Crosthwaite, former chief growth officer at tobacco giant Altria, Juul said. By clicking Sign up, you agree to receive marketing emails from Insider Federal data shows about 3 million U.S. high school students vaped last year. fort collins real estate investors. http://dragonmartonline.ae/. That would include mint and menthol, they said, although some vaping industry leaders have vowed to contest the inclusion of those two items. News of the C-suite switch came as Altria disclosed separately Wednesday that it has scrapped its talks to reunite with Philip Morris as concerns about the vaping crisis have hammered its stock. Juul has faced widespread public concern over its youth-focused marketing and the long-term health impacts of its productsamid a rising number ofvaping-related illnesses and deaths. We've received your submission. But some said they were using just nicotine, or both. Juul Labs chief executive Kevin Brown is stepping down from the leadership role in the company, making way for a longtime tobacco executive from the company's largest shareholder, Atria, to take . The founders' new net worth estimate of $1.4 billion is in part based on Forbes ' assumption that each founder owns about 1.75% of Juul, according to a source with knowledge of its. And if they cant meet that standard, they cant be marketed., Testifying at a congressional hearing on Wednesday, the acting F.D.A. In an exclusive interview with "CBS This Morning's" Tony Dokoupil, Juul CEO Kevin Burns said the company never intended for Juul to be used by kids. Kevin Burns (soccer) Net Worth 2023 Kevin Burns (soccer) 's revenue is $1.2M in 2023. The crackdown on Juul, which dominates the US e-cigarette market, follows a spate of serious lung injuries in the US linked to vaping. As for the decision to end the merger talks between Philip Morris and Altria, the two companies said they would instead focus on rolling out the IQOS heated tobacco product in the United States. CNBCsCarl Quintanillainterviewed Burns for a documentary, Vaporized: Americas E-cigarette Addiction, which premieres Monday at 10 p.m. EDT Quintanilla, who toured one of Juuls manufacturing facilities in Wisconsin with Burns, asked him what he would say to a parent with a child who was addicted to Juul.