Form 8-K · Current Report · Filed 2026-05-20
Philip Morris International Announces New Group CFO
Philip Morris International Inc. (PMI) announced on May 18, 2026, the appointment of Massimo Andolina as its new Group Chief Financial Officer, effective August 1, 2026. Andolina, currently the President of the Europe Region, will replace Emmanuel Babeau, who will remain with the company as a Strategic Advisor to the Group CEO until March 31, 2027. Andolina has been with PMI since 2008 and has held various senior roles, including Vice President of Operations for Latin America & Canada and Vice President of EU Operations. Babeau, appointed CFO in May 2020, will receive post-employment benefits as per his Employment Agreement.
- Filer
- Philip Morris International Inc. PM · NYSE
- Filed
- Accession
- 0001628280-26-036721
- CIK
- 0001413329
- Signal
- High impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$191.57
Next session
-1.6%
Since filing
-0.4%
Latest close
$190.82
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Previous filings from PM reporting the same item, with the next session's move:
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Within 45 days of this filing, PM insiders reported 9 Form 4 transactions — net buying of $1.7M.
About Philip Morris International Inc.
Philip Morris International Inc. is a leading global tobacco company primarily engaged in the manufacture and sale of cigarettes and other nicotine-containing products. Known for owning some of the world's best-selling cigarette brands like Marlboro, Philip Morris International plays a significant role in the consumer goods sector. The company's strategic focus includes developing smoke-free alternatives such as heated tobacco systems and e-cigarettes, addressing shifting consumer preferences and regulatory landscapes. Headquartered in New York City, Philip Morris operates in over 180 countries, showcasing a robust international presence. The firm is noteworthy for its commitment to transforming public health narratives within the tobacco industry by advocating for reduced-risk products. As part of its market significance, Philip Morris International drives innovation in tobacco products, influencing regulatory frameworks and competitive dynamics in the global market.
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