Leadership & Pay ·
Philip Morris appoints Massimo Andolina as Group CFO, replacing Emmanuel Babeau who receives $2.05M severance package
PMPhilip Morris International Inc.
Philip Morris International Inc. announced the appointment of Massimo Andolina to Group Chief Financial Officer, effective August 1, 2026, replacing Emmanuel Babeau. Mr. Babeau will transition to a Strategic Advisor to Group CEO Jacek Olczak through March 31, 2027. The separation agreement includes a lump sum severance payment of $1,563,423 and an additional $488,570 in lieu of his 2027 annual cash incentive compensation award, alongside full vesting of outstanding equity awards. Philip Morris International Inc. is a consumer goods company specializing in tobacco products.