Philip Morris appoints Jorge Insuasty President of Vectura Fertin Pharma; adjusts de Wilde's compensation

Philip Morris International Inc.

Jorge Insuasty appointed full-time President, Vectura Fertin Pharma effective Jan 1, 2023; continues reporting to CEO Jacek Olczak.
Insuasty steps down as Chief Life Sciences Officer; Badrul Chowdhury now reports directly to CEO as Chief Life Sciences Officer, Smoke-Free Products.
Frederic de Wilde appointed President of SSEA, CIS, MEA region; base salary increased to CHF 1,000,008 (approx. $1,080,009).
de Wilde's annual incentive target set at 125% of base salary; equity award target at 275% of base salary.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Frederic de Wilde

President, South and Southeast Asia (SSEA), Commonwealth of Independent States (CIS), Middle East and Africa (MEA) Region

PM · Philip Morris International Inc.

Filed: December 14, 2022, 6:59 PM ET

Frederic de Wilde, currently President, European Union Region, will be appointed President, South and Southeast Asia (SSEA), Commonwealth of Independent States (CIS), Middle East and Africa (MEA) Region.

Role change

Jorge Insuasty

President, Vectura Fertin Pharma

PM · Philip Morris International Inc.

Effective: 2023-01-01
Filed: December 14, 2022, 6:59 PM ET

On December 8, 2022, the Board of Directors (the “Board”) of Philip Morris International Inc. (the “Company”) approved the appointment of Jorge Insuasty as the full-time President, Vectura Fertin Pharma, effective January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Frederic de Wilde was appointed as President, South and Southeast Asia (SSEA), Commonwealth of Independent States (CIS), Middle East and Africa (MEA) Region at Philip Morris International Inc..

Action: appointed
Role: President, South and Southeast Asia (SSEA), Commonwealth of Independent States (CIS), Middle East and Africa (MEA) Region

Exact text from the filing

Frederic de Wilde, currently President, European Union Region, will be appointed President, South and Southeast Asia (SSEA), Commonwealth of Independent States (CIS), Middle East and Africa (MEA) Region.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jorge Insuasty was appointed as President, Vectura Fertin Pharma at Philip Morris International Inc..

Action: appointed
Role: President, Vectura Fertin Pharma

Exact text from the filing

On December 8, 2022, the Board of Directors (the “Board”) of Philip Morris International Inc. (the “Company”) approved the appointment of Jorge Insuasty as the full-time President, Vectura Fertin Pharma, effective January 1, 2023.

View on SEC.gov

Philip Morris International Inc. filing history →

Source: SEC EDGAR

accession 0001413329-22-000137

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