News Articles

PMI Achieves Female Representation Target: 40% of Women in Managerial Positions LAUSANNE, Switzerland -Thursday 12 May 2022

(BUSINESS WIRE) -- 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. Jacek Olczak, Chief Executive Officer at PMI, commented:...

Philip Morris International Inc. Confirms Discussions With Swedish Match AB Regarding Potential Offer -Tuesday 10 May 2022

(BUSINESS WIRE) -- 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. The discussions are in progress and it is...

Philip Morris International Releases 2021 Sustainability Materiality Report -Wednesday 16 February 2022

(BUSINESS WIRE)-- 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...

PMI Included in 2022 Bloomberg Gender-Equality Index for Second Year Running -Wednesday 26 January 2022

(BUSINESS WIRE)-- 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...

Philip Morris International Appoints Business Accelerator Dessi Temperley to its Board of Directors -Friday 10 December 2021

(BUSINESS WIRE)-- 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. Dessi Temperley is a former global public company CFO with more than 25 years of experience...

Philip Morris International Releases 10-Year Anniversary Report on Agricultural Labor Practices -Friday 10 December 2021

(BUSINESS WIRE)-- 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...

Philip Morris International Receives Second Consecutive “Triple A” Rating from CDP -Tuesday 7 December 2021

(BUSINESS WIRE)-- 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...

Philip Morris International’s ESG Performance Recognized by S&P Dow Jones Indices; Company Included in Dow... -Monday 22 November 2021

(BUSINESS WIRE)-- 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...

Philip Morris International Announces Stamford Central Business District as Location of New Corporate Headquarters -Monday 8 November 2021

(BUSINESS WIRE) -- Philip Morris International (PMI) (NYSE:PM) today announced that its new corporate headquarters will be located in the heart of Stamford, Connecticut, and is expected to open in summer 2022. The move is a notable component of PMI’s transformation to a smoke-free company...

Philip Morris International Applauds U.K. Government’s Approach to Achieve its Smoke-Free Ambition -Tuesday 2 November 2021

(BUSINESS WIRE) -- Philip Morris International Inc. (PMI) (NYSE: PM) announced its support of the U.K. government’s plan to simplify the pathway to license electronic cigarettes and other inhaled nicotine-containing products (NCPs) as medicines in England. The U.K. already has one of...

PMI to Commit Additional USD 200 Million to Corporate Venture Capital Activities of PM Equity Partner -Thursday 28 October 2021

(BUSINESS WIRE) -- 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...

Philip Morris International Creates New Management Positions to Drive Multicategory Leadership and Accelerate the... -Wednesday 27 October 2021

(BUSINESS WIRE) -- 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...

Philip Morris International Accelerates Path to Carbon Neutrality -Wednesday 27 October 2021

(BUSINESS WIRE) -- 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...

PMI Calls for Science-Based Discourse on Smoke-Free Alternatives -Tuesday 28 September 2021

(BUSINESS WIRE) -- Misinformation threatens progress toward a smoke-free future, reveals a new international survey released today by Philip Morris International Inc. (PMI) (NYSE: PM). Well-funded groups continue to promote false narratives and spread confusion even as societal support increases...

Science, Innovation, and Inclusion Are Vital in Addressing the World’s Most Pressing Issues, Says PMI CEO in... -Wednesday 22 September 2021

(BUSINESS WIRE)-- 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...

Philip Morris International Announces Unconditional Offer for Vectura Group PLC -Thursday 16 September 2021

- PMI has acquired or received valid acceptances for 74.77% shares in Vectura, and all other conditions have been satisfied or waived, making PMI’s offer unconditional in all respects - PMI reaffirms commitment to using its resources and expertise to help Vectura grow its business and...

Philip Morris International Launches New IQOS ILUMA in Japan to Accelerate the Achievement of a Smoke-Free... -Tuesday 17 August 2021

(BUSINESS WIRE)-- 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...

Philip Morris International Enters Tender Period with Vectura Shareholders Following Unanimous Recommendation by Vectura... -Tuesday 17 August 2021

- The Vectura board have unanimously recommended PMI's 165p-per-share offer to shareholders - The board cited PMI’s superior cash price offered to Vectura shareholders, and the benefit to stakeholders from PMI's significant financial resources, commitment to enhanced research and...

Philip Morris International Acquires Inhaled Drug Specialist OtiTopic; Growing Pipeline of “Beyond Nicotine”... -Monday 9 August 2021

(BUSINESS WIRE)-- 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...

Philip Morris International Inc. Announces Firm Offer to Acquire Vectura Group plc; Acquisition Accelerates... -Friday 9 July 2021

(BUSINESS WIRE)-- 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...