Philip Morris International
Philip Morris International (PMI), the world’s largest publicly traded tobacco company, operates in approximately 180 countries and reported 18.31 billion USD (2017 Annual report) in profits in 2017. PMI, a U.S.-based corporation, only sells its products outside the U.S. PMI was separated from its parent company, the Altria Group, in March 2008, in part to protect the company from increased U.S.-based regulation and Litigation. Although PMI and Altria are now legally separate companies, PMI’s leadership remains largely the same as it was under Altria.
Contents
Staffing
Majority of their executive hires are from within who worked with the organisation for a number of years The executive staff and board members only have two female hires (out of 20).
Trends
- Estimated international cigarette and heated tobacco unit volume, excluding China and the United States, of 2.8 trillion, is down by 2.8 percent
- Cigarette and heated tobacco unit shipment volume of 798.2 billion is down by 2.7 percent. Best year-to-date for Reduced-risk products (RRPs)
- Reported net revenues of USD 78.1 billion is up by 4.2 percent
- PMI increased its regular quarterly dividend by 2.9 percent, from USD 1.04 to 1.07, representing an annualized rate of USD 4.28per common share
- 2018 will see a restructure six Regional market segments (from the existing four) to support PMI’s business transformation
- 4.6 million adult consumers around the world have already stopped smoking and made change to IQOS
2018 Forecast
- Further investment in IQOS and planned lifting of the restriction on IQOSdevice sales in key markets
- PMI’s USD 80 million dollar donation to the Foundation for a Smoke-Free World will be fully expensed in Q1/2018
- Anticipation of a strong net revenue (ex-currency) in Q1/2018
- Morphing local brands into international brands and increase efficiency
- Increase in combustible products prices, coupled with a decreased volume of products
- IQOS priority is to go deeper in the existing markets (they weren’t specific on any new
markets they were hoping to explore)
Board members and key executives
Name | Position | Bio | Source |
---|---|---|---|
Louis C. Camilleri | Chairman of the Board | ||
Harold Brown | Director | ||
Massimo Ferragamo | Director | ||
Werner Geissler | Director | ||
Jennifer Li | Director | ||
Director | |||
Sergio Marchionne | Director | ||
Kalpana Morparia | Director | ||
Lucio A. Noto | Director | ||
Frederik Paulsen | Director | ||
Robert B. Polet | Director | ||
Stephen M. Wolf | Director | ||
André Calantzopoulos | Director and Chief Executive Officer | ||
Martin King | Chief Financial Officer | ||
Jacek Olczak | Chief Operating Officer | ||
Jaime Suarez | Chief Digital Officer | ||
Paul Riley | President, East Asia & Australia Region | ||
Marco Mariotti | President, Eastern Europe Region | ||
Frederic de Wilde | President, European Union Region | ||
Jeanne Polles | President, Latin America & Canada Region | ||
Stacey Kennedy | President, South & Southeast Asia Region | ||
Drago Azinovic | President, Middle East & Africa & PMI Duty Free | ||
Miroslaw Zielinski | President, Science & Innovation | ||
Marc S. Firestone | President, External Affairs and General Counsel | ||
Jerry Whitson | Deputy General Counsel and Corporate Secretary | ||
Patrick Brunel | Senior Vice President and Chief Information Officer | ||
Werner Barth | Senior Vice President, Commercial | ||
Massimo Andolina | Senior Vice President, Operations | ||
Charles Bendotti | Senior Vice President, People & Culture | ||
Andreas Kurali | Vice President and Controller | ||
Frank de Rooij | Vice President, Treasury And Corporate Finance | ||
Paul Janelle | Vice President, Corporate Planning and Business Development |
Investments in Unconsolidated Subsidiaries ("significant" > 20%):
From an accounting/financial perspective these organisations are treated as investments as the head organisation may have limited or no managerial control..
Subsidiary Name | Country | Interest amount (%) | Interest Type | Notes |
---|---|---|---|---|
Emirati Investors-TA (FZC) ("EITA") | United Arab Emirates | 49% | Equity | |
Société des Tabacs Algéro-Émiratie ("STAEM") | Algiers | 25% | Economic | Algerian joint venture 51% owned by EITA and 49% owned by Algerian state-owned enterprise Société Nationale des Tabacs et Allumettes SpA.Manufactures and distributes under license some of PMI's brands. |
Megapolis Distribution BV | Russia | 23% | Equity | Holding company of CJSC TK Megapolis, PMI's distributor in Russia |
List of Significant Subsidiaries
Subsidiary Name | State or Country of Organization | Region |
---|---|---|
Philip Morris Japan Limited | Japan | East Asia & Australia |
Philip Morris Korea Inc. | Korea, Republic of | East Asia & Australia |
Philip Morris Kazakhstan LLP | Kazakhstan | Eastern Europe |
Limited Liability Company "Philip Morris Sales and Marketing" | Russian Federation | Eastern Europe |
ZAO "Philip Morris Izhora" | Russian Federation | Eastern Europe |
Philip Morris Operations a.d. Nis | Serbia | Eastern Europe |
Limited Liability Company "Philip Morris Sales & Distribution" | Ukraine | Eastern Europe |
Philip Morris Benelux BVBA | Belgium | European Union |
Philip Morris CR a.s. | Czechia | European Union |
Philip Morris Finland Ltd | Finland | European Union |
f6 Cigarettenfabrik GmbH & Co. KG | Germany | European Union |
Philip Morris GmbH | Germany | European Union |
Philip Morris Manufacturing GmbH | Germany | European Union |
Papastratos Cigarettes Manufacturing Company S.A. | Greece | European Union |
Philip Morris Italia S.r.l. | Italy | European Union |
Philip Morris Manufacturing & Technology Bologna S.p.A. | Italy | European Union |
UAB "Philip Morris Lietuva" | Lithuania | European Union |
Philip Morris Holland B.V. | Netherlands | European Union |
Philip Morris Holland Holdings B.V. | Netherlands | European Union |
Philip Morris International Holdings B.V. | Netherlands | European Union |
Philip Morris Investments B.V. | Netherlands | European Union |
PM Tobakk Norge AS | Norway | European Union |
Philip Morris Polska Spolka Akcyjna | Poland | European Union |
Philip Morris Polska Distribution Sp. z.o.o. | Poland | European Union |
Tabaqueira II, S.A. | Portugal | European Union |
Tabaqueira - Empresa Industrial de Tabacos, S.A. | Portugal | European Union |
Philip Morris Romania S.R.L. | Romania | European Union |
Philip Morris Brands Sàrl | Switzerland | European Union |
Philip Morris Exports Sàrl | Switzerland | European Union |
Philip Morris Finance SA | Switzerland | European Union |
Philip Morris International Management SA | Switzerland | European Union |
Philip Morris Products S.A. | Switzerland | European Union |
Philip Morris & Company (UK) Limited | United Kingdom of Great Britain and Northern Ireland | European Union |
Massalin Particulares S.R.L. | Argentina | Latin America & Canada |
Philip Morris Brasil Industria e Comercio Ltda. | Brazil | Latin America & Canada |
Compania Colombiana de Tabaco S.A.S. | Colombia | Latin America & Canada |
Philip Morris Mexico Productos Y Servicios, Sociedad de Responsabilidad Limitada de Capital Variable | Mexico | Latin America & Canada |
Philip Morris Mexico, Sociedad Anónima de Capital Variable | Mexico | Latin America & Canada |
Philip Morris Misr Limited Liability Company | Egypt | Middle East & Africa |
Leonard Dingler (Proprietary) Limited | South Africa | Middle East & Africa |
Philip Morris SA Philip Morris Sabanci Pazarlama ve Satis A.S. | Turkey | Middle East & Africa |
PHILSA Philip Morris Sabanci Sigara ve Tutunculuk Sanayi ve Ticaret A.S. | Turkey | Middle East & Africa |
PT Hanjaya Mandala Sampoerna Tbk. | Indonesia | South & Southeast Asia |
PT Philip Morris Indonesia | Indonesia | South & Southeast Asia |
Philip Morris (Pakistan) Limited | Pakistan | South & Southeast Asia |
Philip Morris Philippines Manufacturing Inc. | Philippines | South & Southeast Asia |
PMFTC Inc. | Philippines | South & Southeast Asia |
Philip Morris Limited | Australia | #N/A |
Rothmans, Benson & Hedges Inc. | Canada | #N/A |
Philip Morris Global Brands Inc. | United States of America |