---
schema_version: "secwatch.filing_event.v1"
accession: "0001413329-23-000098"
form_type: "8-K"
ticker: "PM"
cik: "0001413329"
company_name: "Philip Morris International Inc."
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T12:56:37.362945+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# President of Middle East & Africa Drago Azinovic to depart PMI on March 31, 2023

## Summary
- Severance payment of CHF 2,401,909 (~$2.55M) plus CHF 1,267,500 (~$1.35M) for 24-month non-compete.
- Unvested 2021-2023 RSUs will fully vest on termination date; PSUs vest on scheduled dates per performance.
- No pro-rated incentive compensation for Jan-Mar 2023; 2022 IC and 2023 equity awards remain eligible.
- Separation agreement includes standard release of claims, confidentiality, and non-compete obligations.

## SEC filing metadata
- accession: 0001413329-23-000098
- form_type: 8-K
- ticker: PM
- cik: 0001413329
- company_name: Philip Morris International Inc.
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1413329/000141332923000098/0001413329-23-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1413329/000141332923000098/pm-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001413329-23-000098
- JSON: https://secwatch.observer/filing/0001413329-23-000098.json
- Plain text: https://secwatch.observer/filing/0001413329-23-000098.txt

## Key facts
- Executive change
  Drago Azinovic departed as President, Middle East and Africa and PMI Duty Free Region at Philip Morris International Inc..
  - Action: will leave
  - Role: President, Middle East and Africa and PMI Duty Free Region
  source text: Drago Azinovic, currently President, Middle East and Africa and PMI Duty Free Region, will leave the organization after a transition period in connection with the Company’s new regional structure and related senior management changes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413329/000141332923000098/0001413329-23-000098-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.