Philip Morris International Inc. (N:PM)

Mar 28, 2024 07:38 am ET
Philip Morris International Demonstrates Clear Progress Toward Its Purpose as It Releases 2023 Integrated Report
Philip Morris International Inc. (PMI) (NYSE: PM) today releases its fifth annual Integrated Report, which outlines the company’s ongoing work to advance toward its 2025 Roadmap goals, with the primary focus on addressing the health impacts of the company’s products.
Mar 26, 2024 05:48 am ET
Philip Morris International Names New External Affairs Leader
Philip Morris International Inc. (PMI) (NYSE: PM) is pleased to announce the appointment of Christos Harpantidis to the position of Senior Vice President, External Affairs effective May 1, 2024. In his new role, Mr. Harpantidis will report to the company’s CEO, Jacek Olczak.
Mar 22, 2024 08:46 am ET
Unleashing the Power: How the “Fifth Estate” Drives Decision-Makers in Business and Politics
Individuals now wield substantial influence over the decision-making process of established institutions. Philip Morris International (PMI) (NYSE: PM) examined this topic in a white paper and an international survey recently released that discusses how individuals are leveraging the power of the “Fifth Estate” to transform public dialogue, influence policymaking, and challenge traditional institutions of authority. By leveraging the positive aspects of this emerging influence, society can drive meaningful action on the world’s critical issues.
Mar 13, 2024 03:30 am ET
Philip Morris International Launches New IQOS ILUMA i in Japan to Accelerate the Achievement of a Smoke-Free Future
Philip Morris International Inc. (PMI) (NYSE: PM) today announced the launch of IQOS ILUMA i, the latest and most innovative addition to its growing portfolio of smoke-free products for adults who would otherwise continue to smoke or use nicotine products. Today, this range of better alternatives to cigarettes includes multiple generations of IQOS, the No. 1 tobacco heating system.1 The launch also marks the 10-Year anniversary of IQOS, originally launching in Nagoya, Japan in 2014.
Mar 04, 2024 06:48 pm ET
Philip Morris International’s U.S. Business Champions Female Economic Growth in Connecticut with Record-Setting $5 Million Investment Through New Partnership with Women’s Business Development Council
Today, Philip Morris International (PMI) (NYSE: PM) announces the launch of an extended partnership via its U.S. business to support female empowerment with a record-setting $5 million investment in the Women’s Business Development Council (WBDC), a 501(c)(3) charitable organization dedicated to providing tools and resources to help women entrepreneurs thrive in business throughout Connecticut.
Feb 14, 2024 08:37 am ET
Feb 06, 2024 06:00 am ET
Philip Morris International Received Fourth Consecutive CDP ‘Triple-A’ Rating for Climate, Forest, and Water
For the fourth consecutive year, Philip Morris International Inc. (PMI) (NYSE: PM) has received a “triple-A” rating from CDP for its disclosures on climate change, forests, and water security—placing PMI among the world’s leading companies in environmental transparency and action.
Feb 02, 2024 07:00 am ET
PMI and BAT Announce Global Patent Settlement
Philip Morris International Inc (PMI) (NYSE: PM) is pleased to announce that it has reached a global settlement with British American Tobacco p.l.c. (BAT) that resolves all ongoing patent infringement litigation between the parties related to our heated tobacco and vapor products.
Jan 26, 2024 06:00 am ET
Philip Morris International Discusses Its Marketing Practices
Moira Gilchrist, Global Chief Communications Officer at Philip Morris International (PMI), clarifies company’s marketing practices and facts related to ZYN nicotine pouches.
Jan 17, 2024 04:30 am ET
A New Power Rises: White Paper from Philip Morris International Examines Societal Impact of the Fifth Estate
A white paper and survey released today by Philip Morris International Inc. (PMI) (NYSE: PM) examine the increasing influence of the Fifth Estate on public discourse. Encompassing a vast and diverse range of independent commentators, social media users, content creators, and online communities, the Fifth Estate poses unprecedented challenges and opportunities for established institutions by empowering individuals and citizen-led movements to drive change.
Dec 28, 2023 08:30 am ET
Kaival Brands Appoints Executive Chairman Barry Hopkins as Interim Chief Executive Officer and President
Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we") today announced that it has expanded the role of Barry M. Hopkins, Executive Chairman, to include the positions of Interim Chief Executive Officer &...
Dec 19, 2023 07:40 am ET
Philip Morris International Announces Senior Global Communications Leadership Changes
Philip Morris International Inc. (PMI) (NYSE: PM) today announced senior management changes to further accelerate its rapid transition to a substantially smoke-free company.
Dec 12, 2023 04:00 am ET
Philip Morris International Included in Dow Jones Sustainability World Index
Philip Morris International Inc. (PMI) (NYSE: PM) has been included in the Dow Jones Sustainability™ World Index for the first time, and for the fourth consecutive year in the Dow Jones Sustainability™ North America Composite Index.1 The Dow Jones Sustainability™ World Index is one of the most reputable benchmarks for measuring the sustainability performance of companies worldwide, as identified by S&P Global through the annual Corporate Sustainability Assessment (CSA)
Nov 27, 2023 09:00 am ET
Travis Parman Joins Philip Morris International as Vice President, Chief Communications Officer, U.S.
Philip Morris International Inc. (PMI) (NYSE: PM) announced today that it has appointed Travis Parman Vice President, Chief Communications Officer, U.S. Parman will lead communications for PMI’s U.S. business as the company progresses toward its goal of delivering a smoke-free future for adults who currently smoke and would otherwise not quit.
Nov 08, 2023 04:01 am ET
Governments Need to Keep up with Innovative Breakthroughs to Benefit Public Health, Reveals International Survey Commissioned by PMI
A new international survey conducted for Philip Morris International Inc. (PMI) (NYSE: PM) by independent research firm Povaddo shows a majority of respondents believing that policymakers are too slow in embracing technological breakthroughs and innovation, with 74 percent agreeing that governments’ failure to act in a timely fashion has negative consequences for public health. These results reinforce the call to put an end to inaction and accelerate progress on a smoke-free future.
Oct 20, 2023 04:00 pm ET
Philip Morris International Submits Applications to Commercialize IQOS ILUMA Tobacco Heating System to U.S. Food and Drug Administration
Philip Morris International Inc. (PMI) (NYSE: PM) on October 20 submitted Premarket Tobacco Product Applications (PMTAs) and Modified Risk Tobacco Product Applications (MRTPAs) for IQOS ILUMA heated tobacco products with the U.S. Food and Drug Administration (FDA).
Oct 03, 2023 09:00 am ET
Philip Morris International Joins We Card Retailer Support Program
Philip Morris International Inc. (PMI) (NYSE: PM) today announced that it has joined The We Card Program, Inc., a national nonprofit serving the nation’s retailers of age-restricted products. The company’s Swedish Match affiliate will serve on We Card’s Manufacturer Advisory Council.
Sep 28, 2023 02:35 am ET
Sep 26, 2023 09:31 am ET
Thinking about trading options or stock in Immunovant, Manchester United, Philip Morris International, Vale SA, or Novo Nordisk?
NEW YORK, Sept. 26, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for IMVT, MANU, PM, VALE, and NVO.
Sep 21, 2023 08:15 am ET
Kaival Brands Receives Initial Royalty Payment from Philip Morris International Following Increased International Sales
Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today provided...
Sep 21, 2023 04:00 am ET
Philip Morris International Receives Science-Based Targets initiative (SBTi) Validation for its Forest, Land, and Agriculture (FLAG) Emissions Reductions Targets
Philip Morris International Inc. (PMI) (NYSE: PM) announced today that the Science Based Targets initiative (SBTi) has verified its Forest, Land, and Agriculture (FLAG) emissions reductions targets. PMI is one of very few companies so far to achieve this recognition.
Sep 20, 2023 11:53 am ET
Sep 19, 2023 08:33 am ET
“Too Much Time Has Been Wasted”: PMI CEO Challenges Governments Across the Globe to Embrace Smoke-Free Alternatives to End Cigarettes Faster
A potential tenfold reduction in smoking-attributable deaths is possible if people who currently smoke were to switch to smoke-free products, Jacek Olczak, CEO of Philip Morris International Inc. (PMI) (NYSE: PM) will state in a speech today. He will explain the role smoke-free products can play in ending cigarette smoking globally and the human consequences of inaction.
Sep 18, 2023 07:00 am ET
Philip Morris International Appoints Finance Leader Victoria Harker to Its Board of Directors
Philip Morris International Inc. (PMI) (NYSE: PM) announced today that on September 13, 2023, its Board of Directors appointed a new member, Ms. Victoria Harker, to serve on the Board of Directors, effective January 1, 2024.
Aug 23, 2023 09:00 am ET
Kaival Brands: Positioning for the Future
Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we,” “our” or similar terms), today announced a general business outlook update. The Company has been actively maintaining an outlook of positive change as it...
Aug 17, 2023 04:05 pm ET
Kaival Brands Amends Agreement with Phillip Morris International for Distribution of ENDS Products
Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we,” “our” or similar terms), the exclusive distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), including the BIDI® Stick electronic...
Jun 28, 2023 04:12 am ET
New Study by KPMG Reveals Alarming Levels of Illicit Cigarettes in the EU, with France Accounting for Almost Half of the Consumption
Philip Morris International Inc. (PMI) (NYSE: PM) today warns about increasing rates of illicit cigarette consumption in the European Union (EU), which are depriving governments of billions in tax revenues and eroding tobacco control policies. PMI calls for a reassessment of policy choices that may be contributing to the year-over-year growth of the illicit market in the region and for innovative approaches that can help drive millions away from continued smoking to be considered.
Jun 20, 2023 05:19 am ET
Philip Morris International Publishes First Human Rights Report
Philip Morris International Inc. (PMI) (NYSE: PM) today released its first Human Rights Report, detailing the company’s strategy to promote, respect, and protect human rights, and its progress to date in implementing its Human Rights Commitment.
May 23, 2023 04:10 am ET
“Cigarettes belong in museums,” says Philip Morris International CEO in speech in London
Jacek Olczak, Chief Executive Officer of Philip Morris International Inc. (PMI) (NYSE: PM), today delivered remarks at the UnHerd Club in London, calling on governments globally to accelerate the end of cigarettes.
Apr 19, 2023 04:09 am ET
Philip Morris International Releases First TCFD Report, Recognized as Supplier Engagement Leader by CDP
As Philip Morris International Inc. (PMI) (NYSE: PM) strives to remain at the forefront of a fast-evolving environmental, social, and governance (ESG) reporting landscape, the company today released its first-ever TCFD Report to respond to the implementation guidance of the Task Force on Climate-related Financial Disclosures (TCFD). The report’s findings were informed by a structured Climate Change Risk and Opportunity (CCRO) assessment that PMI conducted in 2022, with g
Apr 05, 2023 05:12 am ET
Philip Morris International Releases Integrated Report 2022
Philip Morris International Inc. (PMI) (NYSE: PM) released its fourth annual Integrated Report today. Informed by a formal sustainability materiality assessment, the report aims to provide an objective description of the company’s business model, governance and management, strategy, and performance.
Jan 31, 2023 04:00 pm ET
PMI Recognized in 2023 Bloomberg Gender-Equality Index for Third Consecutive Year
Philip Morris International Inc. (PMI) (NYSE: PM) today announced that it has been included in the 2023 Bloomberg Gender-Equality Index (GEI) for the third year running. With an overall score of 80.6%, surpassing the index average score of 73%, PMI joins an A-list of global companies committed to transparency in gender reporting and advancing equality in the workplace.
Jan 19, 2023 08:32 am ET
Thinking about trading options or stock in Alibaba, Microsoft, Tesla, Philip Morris, or Costco?
NEW YORK, Jan. 19, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BABA, MSFT, TSLA, PM, and COST.
Dec 14, 2022 07:13 am ET
Philip Morris International Introduces New Biodiversity and Water Ambitions and Announces Achievement of ‘Triple A’ from the CDP
As world leaders gather at the UN Biodiversity Conference (COP15), Philip Morris International (PMI) (NYSE: PM) is proud to announce ambitions that align with the Post-2020 Biodiversity Framework.
Nov 25, 2022 01:05 pm ET
Philip Morris International Announces New Regional Structure and Senior Management Changes to Accelerate Growth Toward a Smoke-Free Future
Philip Morris International Inc. (PMI) (NYSE: PM) today announced a new regional structure and related senior management changes to enable continued growth as a multicategory leader internationally and advance its rapid transition toward a smoke-free future.
Nov 22, 2022 02:00 am ET
Philip Morris International Launches New BONDS by IQOS Smoke-Free Device to Accelerate the Achievement of a Smoke-Free Future
Philip Morris International Inc. (PMI) (NYSE: PM) today announced the launch of its latest heat-not-burn tobacco heating system, BONDS by IQOS with its accompanying specially designed tobacco sticks, BLENDS. A new product from IQOS, the world’s No. 1 tobacco heating system2, BONDS by IQOS offers adults who would otherwise continue to smoke access to a compact, low maintenance and hassle-free to use smoke-free offer—validated by science—as a better alternative to cigarettes—to accelerate the achievement of a smoke-free future.
Nov 17, 2022 11:00 am ET
Framtiden tenders Swedish Match shares in Philip Morris International offer
CHICAGO, Nov. 17, 2022 /PRNewswire/ -- Framtiden Management Company LLC, together with its affiliates ("Framtiden" or "The Framtiden Partnerships"), today announced it has tendered its Swedish Match AB (STO: SWMA) ("Swedish Match" or the "Company") shares to Philip Morris International, Inc. (NYSE: PM) ("Philip Morris"). 
Sep 27, 2022 02:00 am ET
New Survey from Philip Morris International Reveals Strong Societal Support for Disruptive Innovations to Drive Public Health Progress
A new international survey released today by Philip Morris International Inc. (PMI) (NYSE: PM) reveals that despite broad public support for disruptive innovation to address global challenges, issues such as lack of equal access are likely to stall progress. Commissioned by PMI and conducted by independent research agency Povaddo, the survey shows that 89 percent of adults across 14 countries believe that new technologies and innovations can play an important role in improving public health. However, 38 percent feel such innovations are not accessible to all citizens in their countries.
Sep 21, 2022 08:18 am ET
The Framtiden Partnerships oppose takeover of Swedish Match by Philip Morris International
Believe probable standalone long-term returns far outweigh offer price
Sep 19, 2022 08:00 am ET
Philip Morris International Renews Call to Policymakers and Civil Society to Help End Smoking
Philip Morris International Inc. (PMI) (NYSE: PM) is calling on policymakers, regulators, public health advocates, tobacco companies, and activists to unite behind bringing about the end of cigarette smoking.
Sep 14, 2022 07:00 am ET
Philip Morris International Announces Appointment of Two Former U.S. FDA Officials, Highlighting the Company’s Continued Commitment to Smoke-Free Product Science and Regulation
Philip Morris International Inc. (PMI) (NYSE: PM) announced today that it has appointed two former United States Food and Drug Administration (U.S. FDA) officials to key positions to accelerate its science-based transformation.
Jun 28, 2022 06:19 am ET
Offer Document Regarding Philip Morris Holland Holdings B.V.’s Recommended Cash Offer to the Shareholders of Swedish Match AB Made Public
This announcement is not an offer, whether directly or indirectly, in Australia, Hong Kong, Japan, New Zealand, or South Africa or in any other jurisdiction where such offer pursuant to legislation and regulations in such relevant jurisdiction would be prohibited by applicable law. Shareholders not resident in Sweden who wish to accept the Offer (as defined below) must make inquiries concerning applicable legislation and possible tax consequences. Shareholders should refer to the offer restrictions included in the section titled “Important information” at the end of th
Jun 23, 2022 04:00 am ET
Illicit Market Continues to Grow in the EU, Largely Driven by Counterfeits in France, According to New Study by KPMG
Philip Morris International Inc. (PMI) (NYSE: PM) is calling for European regulators and policymakers to consider the millions of adult smokers who are turning to the illicit market instead of switching to better alternatives. The 2021 KPMG annual study on illicit cigarette consumption, commissioned by PMI, reveals that overall illicit cigarette consumption increased by an estimated 3.9%—or 1.3 billion cigarett
Jun 21, 2022 07:30 am ET
Kaival Brands Reports Fiscal 2022 Second Quarter Financial Results
Recently Signed Agreement with Affiliate of Philip Morris International Could Dramatically Drive Global Distribution; Accelerate Delivery of a Smoke-Free Future
Jun 13, 2022 04:30 am ET
Inclusive Dialogue and Compromise Needed to Address Major Issues Impacting Society Today, Reveals International Survey from Philip Morris International
The results of a new international survey released today by Philip Morris International Inc. (PMI) (NYSE: PM) reveal that citizens worldwide are frustrated by divisive and exclusionary approaches to policymaking. More than eight in ten adults surveyed worldwide (82 percent) believe the best solutions to critical global challenges can be found not at the extremes but in the middle ground. Conducted by independent research firm Povaddo for PMI, the survey of more than 44,000 adults in 22 countries shows strong agreement among respondents (88 percent) that when making decisions that affect the li
Jun 08, 2022 04:30 am ET
Philip Morris International Publishes ESG KPI Protocol and ESG Highlights
Following the introduction of PMI’s Sustainability Index, Philip Morris International Inc. (PMI) (NYSE: PM) made its ESG KPI Protocol publicly available. This document describes how the Sustainability Index will measure PMI’s progress toward reaching the goals outlined in its 2025 Roadmap and provides details about the 19 metrics that comprise PMI’s Sustainability Index. This announcement follows the release of PMI’s Integrated Report 202
May 17, 2022 06:00 am ET
Philip Morris International Releases 2021 Integrated Report, Introducing New Sustainability Strategy and Sustainability Index
Today, Philip Morris International Inc. (PMI) (NYSE: PM) released its third annual Integrated Report, which includes an updated Statement of Purpose, a new environmental, social, and governance (ESG) framework, as well as detailed information about PMI’s strategic vision, performance, governance, and value creation model. The content was informed by a formal sustainability materiality assessment conducted in 2021.
May 12, 2022 02:00 am ET
PMI Achieves Female Representation Target: 40% of Women in Managerial Positions
Philip Morris International Inc. (PMI) (NYSE: PM) today announced that it has reached its global company-wide target to improve gender balance, ensuring at least 40% female representation in managerial roles by 2022.
May 09, 2022 12:30 pm ET
Philip Morris International Inc. Confirms Discussions With Swedish Match AB Regarding Potential Offer
Philip Morris International Inc. (PMI) (NYSE: PM) today confirmed, in response to recent market speculation, that discussions are ongoing between PMI and Swedish Match AB (STO: SWMA) regarding a potential offer for the company.
May 03, 2022 09:00 am ET
Keagan Lenihan Joins Philip Morris International as Vice President, Head of D.C. Office
Philip Morris International Inc. (PMI) (NYSE: PM) announced today that it has appointed Keagan Lenihan as Vice President of Government Affairs and Public Policy, and Head of its D.C. office. Lenihan will serve as the Washington, D.C. lead for PMI’s U.S.-based external affairs efforts as the company continues to advance on its journey away from cigarettes, reporting to members of the company’s senior management team in the U.S. and globally.
Feb 16, 2022 04:30 am ET
Philip Morris International Releases 2021 Sustainability Materiality Report
Today, Philip Morris International Inc. (PMI) (NYSE: PM) published its Sustainability Materiality Report 2021. Conducted in the second half of 2021, the sustainability materiality assessment helps identify the environmental, social, and governance (ESG) issues that the Company should focus on. The assessment consists of a threefold approach that evaluates both outward and inward impacts in line with the principles of double-materiality, and accounts for the expectations of the Company’s stakeholders. The r
Jan 26, 2022 07:03 am ET
PMI Included in 2022 Bloomberg Gender-Equality Index for Second Year Running
Philip Morris International Inc. (PMI) (NYSE: PM) today announced that it has been included in the 2022 Bloomberg Gender-Equality Index (GEI) for the second year running, when the threshold for inclusion—based on both disclosure and data performance—has grown. This is in recognition of the significant progress PMI has made in increasing gender equality globally. Currently, 39.2% of management positions are held by women, an increase of more than 10% since 2014 and still growing.
Dec 13, 2021 06:15 am ET
Dec 10, 2021 06:30 am ET
Philip Morris International Appoints Business Accelerator Dessi Temperley to its Board of Directors
Philip Morris International Inc. (PMI) (NYSE: PM) today announced that on December 6, 2021, its Board of Directors appointed a new member, Ms. Dessislava (“Dessi”) Temperley.
Dec 10, 2021 05:50 am ET
Philip Morris International Releases 10-Year Anniversary Report on Agricultural Labor Practices
Today, in recognition of International Day of Human Rights and the International Year for the Elimination of Child Labor (2021), Philip Morris International Inc. (PMI) (NYSE: PM) publishes its Agricultural Labor Practices: 10-Year Anniversary Report. The report recognizes the company’s decade-long Agricultural Labor Practices (ALP) program, which launched in 2011 with th
Dec 07, 2021 06:45 am ET
Philip Morris International Receives Second Consecutive “Triple A” Rating from CDP
Philip Morris International Inc. (PMI) (NYSE: PM) today, for the second year in a row, announced it has been recognized as a global environmental leader by CDP, a not-for-profit charity that runs a global disclosure system for investors, companies, cities, and regions to manage their environmental impacts.
Nov 22, 2021 06:30 am ET
Philip Morris International’s ESG Performance Recognized by S&P Dow Jones Indices; Company Included in Dow Jones Sustainability Index North America for Second Consecutive Year
Philip Morris International Inc. (PMI) (NYSE: PM) has been included for the second consecutive year in the Dow Jones Sustainability Index (DJSI) North America. The index recognizes the top 20 percent of sustainability performers among the 600 largest U.S. and Canadian companies in the S&P Global Broad Market Index—those that exhibit best-in-class performance against environmental, social, and governance (ESG) metrics, as assessed by S&P Global.
Nov 02, 2021 07:06 am ET
Philip Morris International Applauds U.K. Government’s Approach to Achieve its Smoke-Free Ambition
Sajid Javid, Health and Social Care Secretary, announced that this will “tackle the stark disparities in smoking rates across the country, helping people stop smoking wherever they live and whatever their background.” The announcement notes that “e-cigarettes contain nicotine and are not risk-free, but expert reviews from the U.K. and U.S. have been clear that the regulated e-cigarettes are less harmful than smoking.” Importantly, this measure is not taken in
Oct 28, 2021 05:59 am ET
PMI to Commit Additional USD 200 Million to Corporate Venture Capital Activities of PM Equity Partner
Philip Morris International Inc. (PMI) (NYSE: PM) today announced its plans to dedicate a further USD 200 million to minority investments in early and growth-stage companies through PM Equity Partner (PMEP), PMI’s corporate venture capital arm. This allocation follows a 2016 commitment of USD 150 million that PMEP has since fully invested and is intended to support PMI’s smoke-free and beyond nicotine ambitions.
Oct 27, 2021 04:00 am ET
Philip Morris International Creates New Management Positions to Drive Multicategory Leadership and Accelerate the Achievement of a Smoke-Free Future
Philip Morris International Inc. (PMI) (NYSE: PM) today announced that the company is establishing a category management structure for its smoke-free and combustible cigarettes businesses to accelerate the delivery of a smoke-free future. Stefano Volpetti, currently PMI’s Chief Consumer Officer, has been appointed President Smoke-Free Products Category & Chief Consumer Officer. Werner Barth, currently PMI’s Senior Vice President Commercial, has been appointed President Combustibles Category & Global Combustibles Marketing.
Oct 27, 2021 02:05 am ET
Philip Morris International Accelerates Path to Carbon Neutrality
As the urgency to adapt and take action to tackle the climate change crisis becomes more pressing, Philip Morris International Inc. (PMI) (NYSE: PM) today releases its Low Carbon Transition Plan (LCTP), which provides a transparent and detailed view on how we plan to achieve our climate ambitions, measure success, and report on progress.
Sep 27, 2021 04:03 am ET
PMI Calls for Science-Based Discourse on Smoke-Free Alternatives
The survey—fielded among nearly 30,000 adults in 26 countries by independent research firm Povaddo and commissioned by PMI—reveals that too many adult smokers remain unaware that better alternatives to cigarettes exist, are unable to access them, or are confused by false or misleading information that prevents them from making an informed choice.
Sep 21, 2021 04:24 pm ET
Science, Innovation, and Inclusion Are Vital in Addressing the World’s Most Pressing Issues, Says PMI CEO in Speech at Concordia Summit
Jacek Olczak, Chief Executive Officer of Philip Morris International Inc. (PMI) (NYSE: PM), today delivered remarks at the 2021 Concordia Annual Summit. Olczak discussed the need to draw on the lessons learned from the global response to COVID-19 and create transparent frameworks and partnerships that harness innovation to build a better world. He explained the importance of focusing on peer-reviewed science to tackle major global issues—including environmental pressure, social inequality, health
Sep 16, 2021 05:48 am ET
Philip Morris International Announces Unconditional Offer for Vectura Group PLC
PMI Global Services Inc. (PMI) (NYSE: PM) today announced that its offer for Vectura Group plc (Vectura) (LSE: VEC) has become unconditional, having received valid acceptances for or acquired 74.77 % of Vectura shares, in excess of the 50% required under the acceptance condition, as well as confirming that all other conditions to the offer have been satisfied or waived. PMI has extended the offer to allow for the tender of further shares.
Aug 17, 2021 02:30 am ET
Philip Morris International Launches New IQOS ILUMA in Japan to Accelerate the Achievement of a Smoke-Free Future
Philip Morris International Inc. (PMI) (NYSE: PM) today announced the launch of IQOS ILUMA, the latest and most innovative addition to their growing portfolio of smoke-free products for adults who would otherwise continue to smoke or use nicotine products. Today, this range of better and satisfying alternatives to cigarettes includes multiple generations of the IQOS tobacco-heating system, the No. 1 heated tobacco product in the world.1 Uniquely, the new IQOS ILUMA becomes the brand’s first tobacco-heating system to introduce induction-heating technology, which
Aug 16, 2021 01:01 pm ET
Philip Morris International Enters Tender Period with Vectura Shareholders Following Unanimous Recommendation by Vectura Board
Philip Morris International Inc. (PMI) (NYSE: PM) today announced it has published an offer document with U.K.-based Vectura Group plc (Vectura) (LSE: VEC) in connection with the recommended cash offer to acquire the inhaled therapeutics company. Under the terms of the acquisition, Vectura shareholders would be entitled to receive 165 pence per share, a 60% premium to the ex-dividend closing price of 103 pence per Vectura share on May 25, 2021.1
Aug 09, 2021 06:04 am ET
Philip Morris International Acquires Inhaled Drug Specialist OtiTopic; Growing Pipeline of “Beyond Nicotine” Inhaled Therapeutic Products
Philip Morris International Inc. (PMI) (NYSE: PM) today announced its acquisition of OtiTopic, a U.S. respiratory drug development company with a late-stage inhalable acetylsalicylic acid (ASA) treatment for acute myocardial infarction. If approved, the treatment can address the significant unmet medical need of the over 83 million people, in the U.S. alone, at intermediate to high risk for myocardial infarction.
Jul 09, 2021 02:10 am ET
Philip Morris International Inc. Announces Firm Offer to Acquire Vectura Group plc; Acquisition Accelerates PMI’s Beyond Nicotine Strategy and Expands its Product Pipeline Development Capabilities in
Philip Morris International Inc. (PMI) (NYSE: PM) announced today it has agreed with the board of Vectura Group plc (Vectura) (LSE: VEC) on the terms of an all-cash, recommended offer to acquire Vectura for an enterprise value of GBP 852 million1 (approximately USD 1.2 billion2). Under the terms of the acquisition, Vectura shareholders would be entitled to receive 150 pence per share, a 46% premium to the ex-dividend closing price per Vectura share of 103 pence on May 25, 20213.
Jul 01, 2021 04:00 am ET
Philip Morris International Announces Agreement to Acquire Fertin Pharma
Philip Morris International Inc. (PMI) (NYSE: PM) announced today it has entered into an agreement to acquire Fertin Pharma A/S (Fertin Pharma), a leading developer and manufacturer of innovative pharmaceutical and well-being products based on oral and intra-oral delivery systems, for an enterprise value of DKK 5.1 billion (approximately USD 820 million1).
Jun 24, 2021 04:00 am ET
Philip Morris International: New Study Shows Near-Doubling in Counterfeit Cigarettes in the European Union Drives Increase of Total Illicit Consumption in 2020
Philip Morris International Inc. (PMI) (NYSE: PM) is calling for public and private representatives to jointly combat illicit trade as a new report produced by KPMG was released on the consumption and flows of illicit cigarettes in 30 European countries—the 27 European Union (EU) member states, as well as U.K., Norway and Switzerland. The study estimates that, while total cigarette consumption continues to decline, the share of illicit cigarettes increased by one half of a percentage point to 7.8% of total consumption in 2020, reaching 34.2 billion cigarettes consumed across the EU 27 member s
Jun 22, 2021 07:30 am ET
Philip Morris International Relocates Corporate Headquarters to Connecticut
Philip Morris International (PMI) (NYSE:PM) today announced the relocation of its corporate headquarters to Connecticut from New York. The move, which was facilitated with the support of Gov. Ned Lamont’s office, will bring approximately 200 jobs to the state—providing a boost to the state’s economy. The new headquarters is expected to be operational by summer 2022.
Jun 17, 2021 07:00 am ET
Philip Morris International Organizes for Continued Innovation: Deepak Mishra Named President, Americas Region, Martin King to Retire After 30 Years of Service
The new structure in the Americas will focus on three areas: strengthening PMI’s leadership in Latin America & Canada as the company accelerates toward a smoke-free future; deepening efforts with partners to commercialize reduced risk products in the U.S.; and building a vital launchpad for the company’s “beyond nicotine” strategy in the U.S., in coordination with PMI’s Life Sciences group, through expanded partnerships and commercial deployment.
Jun 09, 2021 04:27 am ET
Philip Morris International Opens Third Funding Round of PMI IMPACT
Philip Morris International Inc. (PMI) (NYSE: PM) is calling for applications for the third funding round of PMI IMPACT, the global initiative supporting projects that aim to reduce or prevent illegal trade and counter its negative consequences for individuals, their families, and communities. The third funding round will support a broad range of projects designed to tackle the multifaceted and multinational illicit trade—ranging from illicit tobacco products and other consumer goods to counterfeiting of pharmaceuticals and elec
Jun 08, 2021 09:45 am ET
Philip Morris International Launches New Campaign to Combat Black Market Trade
Philip Morris International Inc. (PMI) today launched a public education initiative entitled United to Safeguard America from Illegal Trade (USA-IT) to combat black market trade. Supported by a coalition of national and state private and public sector partners, the campaign will provide local officials, law enforcement, and thought leaders with information and training programs to help tackle illegal trade and raise public awareness of the depth of the problem as well as the severe consequences inflicted on states and municipalit
May 27, 2021 04:30 am ET
Philip Morris International’s Latest Scientific Update Examines How Cutting-Edge Research Is Opening New Areas of Business
Philip Morris International Inc. (PMI) (NYSE: PM) today releases the latest issue of its Scientific Update, a publication devoted to research efforts to develop and assess a range of smoke-free alternatives to cigarettes, as well as products beyond nicotine.
May 18, 2021 08:23 am ET
Philip Morris International Reports Progress Toward Accelerating the End of Smoking
Philip Morris International Inc. (PMI) (NYSE: PM) today published its Integrated Report, a comprehensive overview of the company’s environmental, social, and governance (ESG) performance and its progress toward its purpose of delivering a smoke-free future. This includes its 2025 ambitions to have switched more than 40 million adult smokers to its smoke-free products, with half from non-OECD countries, and for smoke-free products to account for more than 50 percent of PMI’s total net revenues. Further acceleratin
May 14, 2021 08:36 am ET
FDA Seeks Public Comments on PMI Application to Market IQOS 3 as Modified Risk Tobacco Product
The U.S. Food and Drug Administration (FDA) today opened a public comment period on Philip Morris International’s (PMI--NYSE: PM) application seeking authorization to market the IQOS 3 electrically heated tobacco system as a Modified Risk Tobacco Product (MRTP).
May 13, 2021 07:59 am ET
S&P Global Ratings Recognizes PMI’s Business Transformation as Industry Differentiator
Philip Morris International Inc. (PMI) (NYSE:PM) is transforming its business to deliver a smoke-free and sustainable future. Today, the company announced that S&P Global Ratings’ ESG Evaluation report has assessed PMI’s approach to environmental, social, and governance (ESG) topics and confirmed that PMI has positively differentiated itself within the tobacco sector.
Mar 08, 2021 03:03 am ET
Philip Morris International Announces Yearlong Exploration of Inclusion—Furthering the Company’s Commitment to Equality
On International Women’s Day, Philip Morris International Inc. (PMI) (NYSE: PM) announced the launch of a yearlong research and convening initiative entitled “Inclusive Future.” Following a year when inclusion and diversity efforts moved center stage amid the global pandemic, the absence of a single authoritative approach to effectively measure inclusion in business has become even more apparent. To address this need, PMI’s Inclusive Future initiative will explore best practices and established thought leadership to advance the discourse surrounding inclusivity and devise effective and timely
Mar 02, 2021 04:02 am ET
Public Support Innovative Approaches to Reducing Smoking Rates, Reveals New International Survey from Philip Morris International
A new international survey commissioned by Philip Morris International Inc. (PMI) (NYSE: PM) and conducted by independent research firm Povaddo reveals a public appetite for a better approach to reducing the societal harm caused by cigarettes. Seven in ten respondents (71 percent) believe that encouraging those adults who would otherwise continue to smoke to switch to smoke-free alternatives instead can complement other efforts to reduce harm.
Feb 10, 2021 06:59 am ET
Feb 09, 2021 08:10 am ET
Philip Morris International Appoints Business Innovator Bonin Bough to Its Board of Directors
Philip Morris International Inc. (PMI) (NYSE: PM) today announced that its Board of Directors has appointed a new member, Mr. Bonin Bough, effective immediately.
Feb 01, 2021 12:24 pm ET
Philip Morris International Inc. to Host Webcast of 2021 Virtual Investor Day
Philip Morris International Inc. (NYSE: PM) will host a live video webcast of presentations and Q&A session by senior management at its 2021 Investor Day at www.pmi.com/2021InvestorDay on Wednesday, February 10, 2021.
Jan 29, 2021 01:59 pm ET
PMI Partners with U.S. Department of Homeland Security on Combatting Illicit Trade
Philip Morris International Inc. (PMI) (NYSE: PM) today signed a memorandum of understanding (MOU) with the National Intellectual Property Rights Coordination Center (IPR Center) at the U.S. Department of Homeland Security (DHS) to assist and support Homeland Security Investigations’ (HSI) illicit tobacco trade operations and other intellectual property rights investigations.
Jan 27, 2021 08:18 am ET
Philip Morris International Named to the 2021 Bloomberg Gender-Equality Index, Recognizing Company’s Commitment to Advancing Gender Equity
Philip Morris International Inc. (PMI) (NYSE: PM) has today been added to the 2021 Bloomberg Gender-Equality Index (GEI) for its transparency in gender reporting and advancing women’s equity. This recognition underscores PMI’s work to progress gender equity in the workplace and to ensure equal opportunities for all employees.
Jan 19, 2021 04:52 am ET
PMI’s Charles Bendotti Recognized by INvolve and Yahoo Finance on OUTstanding 50 Ally Executives List 2020; Nikki Symmons named on LGBT+ Future Leader List 2020
Charles Bendotti, Senior Vice President, People & Culture at Philip Morris International Inc. (PMI) (NYSE:PM), has today been recognized for his unwavering support for LGBTQ+ inclusion in the workplace, included on INvolve and Yahoo Finance’s OUTstanding 50 Ally Executives List 2020. The designation places Bendotti among a select group of business leaders and allies of LGBTQ+ inclusion recognized for driving cultural change within the workplace to create more inclusive environments across the world. Nikki Symmons, Content Planner, Global Communications at PMI, has also been named on the
Jan 11, 2021 09:00 am ET
Underscoring Critical Role of Science in a Smoke-Free Future, Philip Morris International Brings on Former Sanofi Exec as Chief Life Sciences Officer
Philip Morris International Inc. (PMI) (NYSE: PM) today announced the appointment of Jorge Insuasty to the position of Chief Life Sciences Officer, effective Jan. 15, 2021. Mr. Insuasty will report to the company’s CEO, André Calantzopoulos.
Dec 15, 2020 06:50 am ET
Dec 10, 2020 04:06 pm ET
Philip Morris International Announces Planned Leadership Succession
Philip Morris International Inc. (PMI) (NYSE: PM) today announced a long-planned leadership succession, which will be completed in May 2021. PMI’s current Chief Executive Officer, André Calantzopoulos, was appointed Executive Chairman of the Board, to take effect immediately prior to the Annual Meeting of Shareholders in May 2021. For personal reasons, the current Chairman, Mr. Louis Camilleri, expressed his desire to retire as of the day of this announcement. Consequently, Mr. Lucio Noto, PMI’s independent Presiding Director, will serve as interim Chairman until the succession of Mr. Calantzo
Dec 10, 2020 03:00 am ET
 Philip Morris International Recognized Among World’s Top Sustainable Businesses with “Triple A” Score from CDP
Philip Morris International Inc. (PMI) (NYSE: PM) today announced its sustainability efforts have been recognized by two leading environmental organizations: CDP, the international nonprofit whose global disclosure system is used by investors, companies, and municipalities to measure and manage their environmental impacts, and the Science Based Targets initiative (SBTi), which drives ambitious climate action in the private sector by enabling companies to set meaningful emissions reduction targets.
Dec 07, 2020 03:32 pm ET
Philip Morris International Announces U.S. Food and Drug Administration Authorization of IQOS 3 for Sale in the United States
The U.S. Food and Drug Administration (FDA) today confirmed that IQOS 3, Philip Morris International’s electrically heated tobacco system, is appropriate for the protection of public health and has authorized it for sale in the United States. FDA’s decision follows an assessment of a premarket tobacco product application (PMTA) filed with the agency in March 2020.
Dec 03, 2020 03:05 am ET
PMI Commits to Disability Inclusion by Joining The Valuable 500
Philip Morris International Inc.(PMI) (NYSE: PM) today announced that CEO André Calantzopoulos has joined The Valuable 500—a global movement putting disability inclusion on the business leadership agenda. Signing on to this initiative marks another significant step in PMI’s journey of advancing inclusion and diversity in the workplace.
Nov 19, 2020 04:27 am ET
PMI’s ESG Performance Recognized by the S&P Dow Jones Indices
Philip Morris International Inc. (PMI) (NYSE: PM) has been included for the first time in the Dow Jones Sustainability Index (DJSI) North America, recognizing its exemplary sustainability performance. Moreover, for the third year in a row, PMI leads the industry in DJSI’s innovation management category, which assesses companies’ research and development spending, product innovations, and portfolio of tobacco alternatives and reduced-risk products. The DJSI North America Index includes the Dow Jones Indices’ top 20 percent of ESG performers across 61 industries—those that exhibit best-in-class
Oct 23, 2020 02:00 pm ET
PMI Announces Medicago to Supply Up to 76 Million Doses of Its Plant-Derived COVID-19 Vaccine Candidate
Since 2008, Philip Morris Investments B.V. (PMIBV), a subsidiary of Philip Morris International (PMI) (NYSE: PM), has been a shareholder of Medicago (in which it currently holds an approximately one-third equity stake) and has supported Medicago’s innovative plant-derived research and development focused on vaccines. The investment is consistent with PMI’s own efforts to leverage science and innovation. Japan-based Mitsubishi Tanabe Pharma Corporation (MTPC) is the majority shareholder and PMIBV’s partner in Medicago. Among other things, PMIBV and MTPC will contribute additional funding to sup
Oct 09, 2020 02:27 am ET
Philip Morris International Names New Chief Sustainability Officer, Integrating Sustainability and Finance, in Service of Accelerating Its Journey to a Smoke-Free Future
Philip Morris International Inc. (PMI) (NYSE:PM) is pleased to announce the appointment of Jennifer Motles to the position of Chief Sustainability Officer, effective November 1, 2020. Ms. Motles will succeed current CSO Huub Savelkouls, who will retire after almost three decades of distinguished service.
Oct 06, 2020 09:00 am ET
Philip Morris International and Rosetta Stone Win Two Gold Brandon Hall Group Excellence Awards for Language Learning Program
Philip Morris International Inc. (PMI) (NYSE: PM) and Rosetta Stone Inc. (NYSE: RST) today announced that the World Language Learning program at Philip Morris International won a coveted 2020 Brandon Hall Group Gold award for excellence in the...
Sep 29, 2020 10:22 am ET
PMI to Address Equality & Transformation During Upcoming International Events
Philip Morris International Inc. (PMI) (NYSE: PM) today announced its participation in several global forums focused on equality in the workplace. Members of PMI’s Senior Management Team—including Chief Diversity Officer Silke Muenster—will detail the steps PMI is taking to further diversify its workplace and explain how fostering a culture built on broader perspectives increases creativity and productivity, ultimately driving innovation and consumer-centricity.
Sep 25, 2020 06:15 am ET
U.S. MRTP Authorization Pathway Explored in PMI’s Latest Scientific Update
Philip Morris International (PMI) (NYSE: PM) has released the 11th edition of its Scientific Update, a regularly issued publication on its research efforts to develop and scientifically assess a range of smoke-free alternatives to cigarettes.
Sep 24, 2020 03:20 pm ET
Science, Data, and Facts Should Unite Decision-Making, Says PMI CEO in Speech at Concordia Summit
André Calantzopoulos, CEO of Philip Morris International (PMI) (NYSE: PM), today delivered high-level remarks at the 2020 Concordia Annual Summit. Calantzopoulos discussed the impact that uncertainty, polarization, hyperpartisanship, and ideology are having on international efforts to overcome pressing globa
Sep 14, 2020 03:59 am ET
Public Wants Greater Focus on Science-Based Decision-Making Says New International Survey from Philip Morris International
Philip Morris International Inc. (PMI) (NYSE: PM) today released “In Support of the Primacy of Science,” a white paper exploring international attitudes regarding the role of science in society, business, and policymaking. The white paper—presenting findings from an independent survey, conducted by Povaddo for PMI, of
Aug 24, 2020 07:58 am ET
Philip Morris International Names New SVP, External Affairs, to Accelerate Its Journey to a Smoke-Free Future
Philip Morris International Inc. (PMI) (NYSE: PM) is pleased to announce the appointment of Gregoire Verdeaux to the position of Senior Vice President External Affairs effective September 1, 2020. In his new role, Mr. Verdeaux will report to the company’s CEO, André Calantzopoulos.

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