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

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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

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09/28/2017 | 02:17pm CET

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

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Financials ($)
Sales 2017 28 514 M
EBIT 2017 11 416 M
Net income 2017 7 445 M
Debt 2017 24 957 M
Yield 2017 3,90%
P/E ratio 2017 22,59
P/E ratio 2018 20,30
EV / Sales 2017 6,77x
EV / Sales 2018 6,20x
Capitalization 168 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
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 123 $
Spread / Average Target 13%
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 INTERNATIONAL16.62%168 119
BRITISH AMERICAN TOBACCO6.87%154 905
IMPERIAL BRANDS-12.96%39 289
SWEDISH MATCH15.15%7 112
ESSENTRA11.06%1 833
PHILIP MORRIS CR, A.S.--.--%1 454