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
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