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Tag: Philip Morris

  • PMI Named Among ‘Best Companies for the Future’

    PMI Named Among ‘Best Companies for the Future’

    Philip Morris International Inc. was named to the inaugural WSJ Leadership Institute “Best Companies for the Future” ranking, placing No. 97 overall among S&P 500 companies and third in the Food, Beverage & Tobacco sector behind Coca-Cola and PepsiCo. Compiled by Bendable Labs, the ranking evaluates companies across six areas: AI readiness, innovation, talent readiness, financial fitness, resilience, and agility.

    PMI said the recognition reflects its transformation into a consumer goods company focused on smoke-free products, supported by investments in science, innovation, and organizational capabilities. Group CEO Jacek Olczak said the ranking highlights the company’s progress in adapting to changing consumer preferences and advancing its long-term smoke-free strategy. PMI also noted that its flagship heated tobacco brand, IQOS, was recently named to Kantar’s BrandZ 2026 Most Valuable Global Brands ranking.

  • PMI Examines Role of Science in Smoke-Free Future

    PMI Examines Role of Science in Smoke-Free Future

    Philip Morris International convened public health experts, academics, consumer advocates, and policymakers in Rabat, Morocco, for its Technovation Smoke-Free conference on June 24, which focused on tobacco harm reduction, smoke-free alternatives, and evidence-based health policy. Discussions centered on the role of science and innovation in reducing smoking-related harm, with speakers highlighting the potential of smoke-free products and the importance of regulatory frameworks, consumer information, and locally driven public health strategies across Africa.

    The event featured senior PMI executives, including communications executive Tommaso Di Giovanni and Maghreb Managing Director Taylan Süer, alongside researchers and public health experts from Morocco, Tunisia, Libya, Senegal, and France. Participants discussed nicotine-related misconceptions, consumer access to information, and health-policy sovereignty, emphasizing the need for African countries to develop public health approaches tailored to local conditions. The conference concluded with calls for greater collaboration between scientific communities and policymakers to support evidence-based decision-making and harm-reduction strategies.

  • PMI Urges EU to Ensure ‘Fair Treatment’ of Tobacco in Review

    PMI Urges EU to Ensure ‘Fair Treatment’ of Tobacco in Review

    Philip Morris International called on the European Union to ensure that the tobacco sector receives the same regulatory treatment as other legal industries as policymakers prepare revisions to the Tobacco Excise Directive (TED) and the Tobacco Products Directive (TPD). In a letter to Ursula von der Leyen, published by PMI’s Europe President Massimo Andolina, the company argued that current EU policies are shaped by bias against the tobacco industry and fail to recognize its economic contribution. PMI said the sector supports more than two million jobs across Europe, contributes approximately €180 billion in annual tax revenue, and maintains a significant regional manufacturing and supply chain footprint.

    The company also highlighted its investment in smoke-free products and harm-reduction innovation, arguing that forthcoming regulatory decisions will influence Europe’s ability to attract investment and maintain competitiveness in the sector. PMI called for future tobacco regulation to be guided by evidence, transparency and inclusiveness, while EU institutions continue to review potential changes to tobacco taxation and product rules across the bloc.

  • PMI-WSJ Study Highlights Human Value in AI-Driven Workplace

    PMI-WSJ Study Highlights Human Value in AI-Driven Workplace

    Philip Morris International and WSJ Intelligence, the in-house thought leadership consultancy for The Wall Street Journal’s commercial sales organization, today (June 23) unveiled preliminary findings from a global study suggesting that uniquely human capabilities will become increasingly valuable as artificial intelligence becomes more deeply embedded in the workplace. Based on a survey of more than 2,500 business professionals across the United States, the United Kingdom, Italy, South Africa, and Brazil, the research found that while AI adoption is accelerating, professionals continue to place greater trust in human judgment for strategic and creative decisions.

    The study found that 83% of respondents use AI for research and information synthesis on a weekly basis, but only 57% report a high level of trust in its outputs. When AI-generated recommendations conflict with human insights, 62% said human intuition should remain the final authority. Respondents identified critical thinking as the most important workplace skill but also the one most at risk of erosion through overreliance on AI, while creative empathy and adaptability were cited as the human capabilities expected to gain the most importance over the next three years.

    The research also highlighted a divide in AI proficiency and trust between senior executives and entry-level employees, with C-suite leaders reporting significantly higher levels of expertise and confidence in AI tools. PMI said the findings support its view that human cognition should be treated as a strategic business resource as companies increasingly integrate AI into their operations, with a full report scheduled for release in September.

  • PMI Announces New Regional Leadership

    PMI Announces New Regional Leadership

    Philip Morris International announced a series of regional leadership changes effective August 1, as the company continues to advance its smoke-free transformation and implement the organizational structure introduced in late 2025. Marco Hannappel will become president of PMI’s Europe Region, succeeding Massimo Andolina, who was recently appointed Group Chief Financial Officer, while Can Kuterdem will take over as president of the Latin America and Canada Region.

    The appointments complete PMI’s four-region leadership model, alongside Gijs de Best, who assumed leadership of the South Asia, Indochina, CIS, Middle East and Africa Region in January, and Vassilis Gkatzelis, who continues to lead the East and Southeast Asia, Pacific and Global Travel Retail Region. All four regional presidents report to Frederic de Wilde, CEO of PMI International, which oversees the business unit generating the majority of PMI’s global revenue. The leadership changes align with PMI’s broader strategy to strengthen execution and support growth across its expanding smoke-free portfolio and evolving global consumer goods business.

  • PM Italia Fined €7M for ‘Smoke-Free’ Language  

    PM Italia Fined €7M for ‘Smoke-Free’ Language  

    Italy’s competition authority fined Philip Morris Italia €7 million for allegedly misleading consumers through marketing claims related to its smoke-free and non-combustible tobacco products. The regulator said an investigation launched following a complaint from Italy’s Health Ministry found that terms such as “smoke-free,” “smoke-free products,” and references to a “smoke-free future” could lead consumers, including minors, to believe heated tobacco and e-vapor products are harmless or less harmful than conventional cigarettes, despite scientific evidence that does not conclusively support such claims.

    Philip Morris Italia rejected the findings and said it will appeal, arguing that the terminology complies with Italian and European Union regulations and accurately distinguishes products that do not involve combustion from traditional cigarettes.

  • PMI Declares $1.47 Quarterly Dividend

    PMI Declares $1.47 Quarterly Dividend

    The board of directors of Philip Morris International Inc. today (June 11) declared a regular quarterly dividend of $1.47 per common share, payable on July 20, to shareholders of record as of June 25. The ex-dividend date is June 25. For more details, visit www.pmi.com/dividend.

  • Zyn Expanding Flavors in the Philippines

    Zyn Expanding Flavors in the Philippines

    Philip Morris International expanded its Zyn nicotine pouch portfolio in the Philippines with the introduction of new variants, including Cool Breeze in a 1.5mg strength and the Tropical flavor in 3mg and 6mg strengths. The update broadens the brand’s existing strength architecture in the market, which now spans 1.5mg, 3mg and 6mg across multiple flavors listed on its official Philippines website.

    According to the company, the 1.5mg Cool Breeze variant is positioned as a lower-strength option aimed at adult nicotine consumers who are new to nicotine pouches, while higher strengths will continue to serve existing users. The Tropical flavor is currently available in 3mg and 6mg formats, further expanding ZYN’s flavor range in the Philippines.

    The Philippine portfolio also includes several flavors such as Fresh Breeze, Dark Purple, and Espressino across different nicotine strengths.

  • PMI to Present at the dbAccess Global Consumer Conference

    PMI to Present at the dbAccess Global Consumer Conference

    Philip Morris International Inc. said it will host a live webcast of remarks and a Q&A session with CEO Jacek Olczak at the 2026 dbAccess Global Consumer Conference on June 2, at 11:15 a.m. CET. The session will be streamed live and made available for replay for one year via the company’s investor relations channels, including its mobile app and website.

    The event will provide an update on PMI’s strategy as it continues to position itself as a “smoke-free” consumer goods company, with a portfolio spanning cigarettes and reduced-risk products such as heat-not-burn devices, nicotine pouches, and e-vapor products. The company also highlighted ongoing regulatory milestones, including U.S. FDA authorizations for products such as Zyn nicotine pouches and IQOS devices, as it continues to expand its investor communications around its long-term transition strategy.

  • IQOS Ranks No. 74 in Global Brands

    IQOS Ranks No. 74 in Global Brands

    Philip Morris International said its IQOS heated tobacco brand has entered Kantar’s BrandZ 2026 ranking of the world’s 100 most valuable global brands for the first time, debuting at No. 74. The recognition marks a milestone for IQOS as PMI continues expanding its smoke-free portfolio and positioning the brand beyond traditional tobacco categories through technology, design, and reduced-risk product innovation.

    PMI said IQOS now has more than 35 million users globally, with the majority having fully transitioned away from cigarettes. The company also noted that IQOS surpassed $10 billion in annual net revenues within a decade of launch, contributing significantly to PMI’s broader smoke-free business, which generated nearly $17 billion in net revenues in 2025. The company has increasingly centered its long-term growth strategy around smoke-free products, including heated tobacco and nicotine alternatives.

    The Kantar BrandZ rankings evaluate global brands using a combination of financial performance and consumer brand equity research across more than 22,000 brands in 54 markets. IQOS joined a list that includes major global technology and consumer brands such as Google, Alibaba Group, and Xiaomi.