Two directors to depart; PMI affirms preliminary 2022 outlook in line with October forecast

Philip Morris International Inc.

2022-FY EPS reported $5.81 revenue$31,762,000,000

Frederik Paulsen and Lucio A. Noto will not stand for re-election at 2023 Annual Meeting; Noto stays as Lead Independent Director and Audit Chair until then.
PMI expects full-year 2022 results in line with Oct 20 forecast: organic pro forma rev growth, heated tobacco volumes, currency-neutral adj. diluted EPS growth, ex-Swedish Match.
IQOS user growth in Q4 2022 similar to Q3 2022, with higher impact from reduced commercial activity and lower IQOS blade acquisition ahead of IQOS ILUMA launch.
CEO Jacek Olczak said preliminary 2022 results "landed the year pretty well, very well actually."

item 5.02 item 7.01

Executive movements

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Departed

Frederik Paulsen

Director

PM · Philip Morris International Inc.

Filed: January 11, 2023, 6:59 PM ET

On January 5, 2023, Frederik Paulsen informed the Executive Chairman of the Board of Directors (the “Board”) of Philip Morris International Inc. (the “Company” or "PMI") that he will not stand for re-election to the Board at the Company’s 2023 Annual Meeting of Shareholders (the “2023 Annual Meeting”).

Departed

Lucio A. Noto

Director

PM · Philip Morris International Inc.

Filed: January 11, 2023, 6:59 PM ET

On January 10, 2023, Lucio A. Noto informed the Executive Chairman of the Board and the Company's Chief Executive Officer that he will also not stand for re-election to the Board at the Company’s 2023 Annual Meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Frederik Paulsen departed as Director at Philip Morris International Inc..

Action: will not stand for re-election
Role: Director

Exact text from the filing

On January 5, 2023, Frederik Paulsen informed the Executive Chairman of the Board of Directors (the “Board”) of Philip Morris International Inc. (the “Company” or "PMI") that he will not stand for re-election to the Board at the Company’s 2023 Annual Meeting of Shareholders (the “2023 Annual Meeting”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lucio A. Noto departed as Director at Philip Morris International Inc..

Action: will not stand for re-election
Role: Director

Exact text from the filing

On January 10, 2023, Lucio A. Noto informed the Executive Chairman of the Board and the Company's Chief Executive Officer that he will also not stand for re-election to the Board at the Company’s 2023 Annual Meeting.

View on SEC.gov

Philip Morris International Inc. filing history →

Source: SEC EDGAR

accession 0001413329-23-000014

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