Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Philip Morris International    PM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Philip Morris International Inc. (NYSE:PM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/28/2017 | 02:17pm CEST

Philip Morris International Inc. (NYSE:PM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 9.01 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 9.01.

Item 9.01 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 9.01 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 9.01.

Item 9.01

Financial Statements and Exhibits.

Philip Morris International Inc. ExhibitEX-3.1 2 a2017-09x25amendedandresta.htm EXHIBIT 3.1 Exhibit Exhibit 3.1Effective January 1,…To view the full exhibit click here
About Philip Morris International Inc. (NYSE:PM)
Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada. The Company’s premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. Its local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

The post Philip Morris International Inc. (NYSE:PM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers appeared first on Market Exclusive.

© Market Exclusive 2017, source Market Exclusive

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PHILIP MORRIS INTERNATIONA
01:41p PHILIP MORRIS INTERNATIONAL : misses 3Q profit forecasts
01:03p PHILIP MORRIS INTERNATIONAL INC. : (PMI) Reports 2017 Third-Quarter Results; Rev..
10/17 PHILIP MORRIS INTERNATIONAL : Recognized as Top Employer in Africa Certified as ..
10/16PHILIP MORRIS INTERNATIONAL INC. : quaterly earnings release
10/16 PHILIP MORRIS INTERNATIONAL : To host webcast of 2017 third quarter results
10/14 PHILIP MORRIS INTERNATIONAL : Recognized as Top Employer in Africa
10/13 PHILIP MORRIS INTERNATIONAL : Recognized as Top Employer in Africa
10/12 PHILIP MORRIS INTERNATIONAL INC. : to Host Webcast of 2017 Third-Quarter Results
10/07 PHILIP MORRIS INTERNATIONAL : In Letter to FDA Commissioner, Blumenthal, Colleag..
10/06 PHILIP MORRIS INTERNATIONAL : In letter to fda commissioner, blumenthal & collea..
More news
News from SeekingAlpha
08:04a Philip Morris International falls after earnings miss
07:03a Philip Morris misses by $0.11, misses on revenue
10/18 DIVIDEND CHAMPION AT AN INSANE DISCO : A Rarity In A Market Full Of Overpriced J..
10/18 Notable earnings before Thursday?s open
10/18 FDA gives hurricane relief to tobacco companies
Financials ($)
Sales 2017 28 624 M
EBIT 2017 11 565 M
Net income 2017 7 569 M
Debt 2017 24 825 M
Yield 2017 3,75%
P/E ratio 2017 23,10
P/E ratio 2018 20,62
EV / Sales 2017 6,97x
EV / Sales 2018 6,37x
Capitalization 175 B
Chart PHILIP MORRIS INTERNATIONA
Duration : Period :
Philip Morris Internationa Technical Analysis Chart | PM | US7181721090 | 4-Traders
Technical analysis trends PHILIP MORRIS INTERNATIONA
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 126 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
André Calantzopoulos Chief Executive Officer & Director
Louis C. Camilleri Chairman
Antonio Marques Senior Vice President-Operations
Jacek Olczak Chief Financial Officer
Patrick Brunel Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
PHILIP MORRIS INTERNATIONAL22.98%174 749
BRITISH AMERICAN TOBACCO5.39%147 581
IMPERIAL BRANDS-10.63%39 947
SWEDISH MATCH1.41%6 607
ESSENTRA11.93%1 793
PHILIP MORRIS CR, A.S.--.--%1 447