PM 8-K: Smart Summary

On May 18, 2026, Philip Morris International Inc.'s Board approved the appointment of Massimo Andolina as Group Chief Financial Officer, replacing Emmanuel Babeau, effective August 1, 2026. Mr. Babeau will transition to a Strategic Advisor role through March 31, 2027, after which his departure will constitute a termination without cause under his Employment Agreement.

• Group Chief Financial Officer Massimo Andolina — appointed to replace Emmanuel Babeau, effective August 1, 2026; currently President, Europe Region since January 2023; previously served as Senior Vice President, Operations from January 2018; joined the Company in 2008 as Director, Operations Planning; held prior roles including VP, Operations of Latin America & Canada Region (December 2010–July 2013), VP, EU Operations (August 2013–June 2016), and VP, PMI Transformation (July 2016–December 2017); age 57; no arrangement or understanding with any other person pursuant to appointment; no family relationships with executive officers or directors; no disclosable related-party transactions

• Massimo Andolina — compensation as Group Chief Financial Officer has not yet been determined
• Emmanuel Babeau — entitled to post-employment payments and benefits associated with a termination without cause under his Employment Agreement effective May 1, 2020, as described in the Company's 2026 Proxy Statement

• Group Chief Financial Officer Emmanuel Babeau — replaced as CFO effective August 1, 2026; will remain with the Company as Strategic Advisor to Jacek Olczak, Group CEO PMI through March 31, 2027 to assist with transition; separation constitutes a unilateral termination under his Employment Agreement effective May 1, 2020, entitling him to post-employment payments and benefits associated with a termination without cause, as described in the Company's 2026 Proxy Statement