Philip Morris International Inc. announced organizational changes that impact its named executive officers. The company announced that effective January 1, 2018: Andr Calantzopoulos, will continue to serve as Chief Executive Officer; Jacek Olczak, currently Chief Financial Officer, will be appointed Chief Operating Officer, responsible for the deployment of global strategy and the delivery of results for combustible and reduced-risk products; and Martin King, currently President, Asia Region, will be appointed Chief Financial Officer. PMI will operate in six geographic Regions, up from the current four, managed as follows: Frederic de Wilde, will continue to serve as President, European Union Region; Marco Mariotti, currently Senior Vice President, Corporate Affairs, will be appointed President, Eastern Europe Region, including Russia and Ukraine; Drago Azinovic, currently President, Eastern Europe, Middle East & Africa Region and PMI Duty Free will be appointed President, Middle East & Africa Region and PMI Duty Free, including North Africa (defined as Algeria, Egypt, Libya, Morocco and Tunisia) and Turkey; Paul Riley, currently President PMI Japan, will be appointed President, East Asia & Australia Region, including Japan and Korea; Stacey Kennedy, currently Managing Director Germany, Austria, Croatia and Slovenia, will be appointed President, South & Southeast Asia Region, including Indonesia and the Philippines; and Jeanne Polls, will continue to serve as President, Latin America & Canada Region. In addition: Massimo Andolina, currently Vice President PMI Business Transformation, will be appointed Senior Vice President, Operations, to succeed Antonio Marques, following his retirement; Werner Barth, currently Senior Vice President, Marketing and Sales, will be appointed Senior Vice President, Commercial, with a focus on deployment of both combustible and reduced-risk products; Charles Bendotti, currently Senior Vice President, Human Resources, will be appointed Senior Vice President, People & Culture, and will also assume the responsibilities of Business Transformation, previously held by Mr. Andolina. Patrick Brunel, will continue to serve as Chief Information Officer; Marc Firestone, currently Senior Vice President and General Counsel, will be appointed President, External Affairs & General Counsel. Mr. Firestone's appointment reflects the increasing importance of engagement with regulatory authorities in the context of the company's reduced-risk products; Jaime Suarez, currently Vice President, Digital Strategy Reduced-Risk Products, will be appointed Chief Digital Officer; and Miroslaw Zielinski, currently President, Reduced-Risk Products, will be appointed President, Science & Innovation, responsible for the development of differentiated, commercially viable reduced-risk products and services.Messrs. Olczak and King have been employed by the Company in various capacities during the past five years.

Effective January 1, 2018, the Board of Directors of the company 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.