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PHILIP MORRIS INTERNATIONAL INC. : Change in Directors or Principal Officers, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K)

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09/28/2017 | 02:10pm CEST

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Philip Morris International Inc. (the "Company") today announced organizational changes that impact its named executive officers as follows:

Jacek Olczak, age 52, currently Chief Financial Officer, is appointed Chief Operating Officer, and Martin King, age 53, currently, President, Asia Region, is appointed Chief Financial Officer. The foregoing changes will be effective January 1, 2018.

Messrs. Olczak and King have been employed by the Company in various capacities during the past five years.

The compensation of Messrs. Olczak and King in their new roles will be determined by the Compensation and Leadership Development Committee of the Board of Directors at a later date and promptly announced at that time.

The Company's organizational changes are further described in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference to this Item 5.02.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Effective January 1, 2018, the Board of Directors amended Article IV, Sections 1, 7, 8, 9 and 10 and Article V, Sections 1, 2 and 3 of its Amended and Restated By-Laws, and made other administrative amendments in these Articles, in order to set forth the office of chief operating officer and otherwise reflect organizational changes described in Item 5.02 of this Current Report on Form 8-K. The Company's Amended and Restated By-Laws are attached hereto as Exhibit 3.1 to this Current Report on Form 8-K and incorporated by reference to this Item 5.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

3.1 Amended and Restated By-Laws of Philip Morris International Inc.

     (effective as of January 1, 2018)
99.1   Press Release dated September 28, 2017


© Edgar Online, source Glimpses

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