Leadership & Pay ·
Philip Morris International Inc. filed an amendment to its previous 8-K to detail the compensation for Massimo…
PMPhilip Morris International Inc.
Philip Morris International Inc. filed an amendment to its previous 8-K to detail the compensation for Massimo Andolina, who will succeed Emmanuel Babeau as Group Chief Financial Officer effective August 1, 2026. Under a new employment agreement entered into on June 15, 2026, Mr. Andolina's annual base salary will increase to $1,324,483 (CHF 1,050,010). He remains eligible for an annual cash incentive target of 125% of his base salary and a long-term equity award target of 275% of his base salary, comprising 60% performance share units and 40% restricted share units. Philip Morris International Inc. is a consumer goods company that operates in the tobacco and nicotine industry.