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• UPDATE 2-Lorillard starts CEO succession review  

Lorillard Inc (LO.N) had begun reviewing options for succession to CEO Martin Orlowsky, whose contract expires on Dec. 31, 2010, the third-largest U.S. cigarette maker said on Thursday .

The board will weigh "all relevant options," the company said in a filing with the U.S. Securities and Exchange Commission.

A spokeswoman for Lorillard declined to comment further on the succession options.

Orlowsky, 67, has been president and chief executive since 1999 and became chairman in 2001. Lorillard was spun off from Loews Corp (L.N) in June 2008.

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