Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On November 25, 2022, Philip Morris International Inc. (the "Company") issued a
press release announcing a new regional structure and related senior management
changes (the "Regional Restructuring Announcement") designed to enable continued
growth as a multicategory leader internationally and advance its rapid
transition toward a smoke-free future. In connection with these changes, Drago
Azinovic, currently President, Middle East and Africa and PMI Duty Free Region,
will leave the organization after a transition period. The foregoing is
qualified in its entirety by the full text of the Regional Restructuring
Announcement, which is filed as Exhibit 99.1 to this Current Report on 8-K and
is incorporated herein by reference.
Item 8.01. Other Events.
As described further in the Regional Restructuring Announcement, by the end of
January 2023 the Company will rearrange its operations into four regions, down
from the current six, under the leadership of the following members of senior
management: Paul Riley, currently President, East Asia & Australia Region, will
be appointed President, East Asia, Australia, and PMI Duty Free Region; Frederic
de Wilde, currently President, European Union Region, will be appointed
President, South and Southeast Asia (SSEA), Commonwealth of Independent States
(CIS), Middle East and Africa (MEA) Region; Massimo Andolina, currently Senior
Vice President, Operations, will be appointed President, Europe Region; and
Deepak Mishra will continue as President, Americas Region. The foregoing is
qualified in its entirety by the full text of the Regional Restructuring
Announcement, which is filed as Exhibit 99.1 to this Current Report on 8-K and
is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Philip Morris International Inc. Press Release, dated November
2 5 , 2022 .
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded
within the Inline XBRL document and contained in Exhibit 101)
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses