PMPHILIP MORRIS INTERNATIONAL INC.
8-K/A5.029.01

Jun 16, 2026

Get PM alerts

PM 8-K/A: Smart Summary

96% reduction

This Amendment No. 1 to a previously filed 8-K discloses the compensation arrangements for Massimo Andolina, who was previously appointed as Group Chief Financial Officer of Philip Morris International Inc., effective August 1, 2026, replacing Emmanuel Babeau. The filing provides details of the Employment Agreement entered into on June 15, 2026 between Mr. Andolina and PMI Management Sàrl.

Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Appointments

  • Group Chief Financial Officer Massimo Andolina — appointed to replace Emmanuel Babeau as Group CFO, reporting to Jacek Olczak (Group CEO PMI), based in Lausanne, Switzerland, effective August 1, 2026; currently serves as President, Europe Region

Executive Compensation

  • Massimo Andolina — Annual base salary of CHF 1,050,010 (or $1,324,483, based on conversion rate of CHF 1.00 = $1.2614 on June 15, 2026), paid in 13 installments (13th installment pro-rated and paid in November); IC award target of 125% of annual base salary; equity award target of 275% of annual base salary consisting of performance share units (60%) and restricted share units (40%); fidelity premium of CHF 150 per completed year of service on each anniversary of Service Date (October 1, 2008), up to a maximum of CHF 3,000 for 20 years of service; tax assistance consisting of either Company-paid tax adviser fees (with employee contribution of CHF 3,500 per year) or a CHF 1,500 per year cash allowance; benefit car (or cash allowance/yearly travel pass) per Company policy; salary continuation at 100% of annual base salary for up to 2 years in the event of sickness; termination notice of one month within the first year of employment, two months from the second to ninth year, or three months as of the tenth year; Employment Agreement effective August 1, 2026, governed by Swiss law, entered into June 15, 2026 between Mr. Andolina and PMI Management Sàrl
§ MORE SUMMARIES

More PM Smart Summaries

Other filings for Philip Morris International Inc. with a Smart Summary.

10-Q$PMSmart Summary
10-Q Filing
Smoke-free revenue growth outpaces cigarette decline as portfolio shift
Read summary of 10-Q for PM
8-K$PMSmart Summary
8-K Filing
Q3 2026 earnings results
Read summary of 8-K for PM
8-K$PMSmart Summary
8-K Filing
Babeau to step down as CFO; Andolina named successor
Read summary of 8-K for PM
8-K$PMSmart Summary
8-K Filing
Prepays $1.1B on senior unsecured term loan facility
Read summary of 8-K for PM
8-K$PMSmart Summary
8-K Filing
Board declares $1.47 quarterly dividend
Read summary of 8-K for PM
8-K$PMSmart Summary
8-K Filing
CEO raises 2026 adjusted EPS guidance to $8.31–$8.46 on smoke-free growth
Read summary of 8-K for PM
8-K$PMSmart Summary
8-K Filing
Read summary of 8-K for PM
8-K$PMSmart Summary
8-K Filing
All 10 director nominees elected at annual shareholder meeting
Read summary of 8-K for PM

Never miss a PM filing

Get real-time email alerts when PM files with the SEC.

See plans