Philip Morris appoints Massimo Andolina as Group CFO, effective August 1, 2026

Philip Morris International Inc.

Massimo Andolina promoted from President Europe Region to Group CFO, effective August 1, 2026, replacing Emmanuel Babeau.
Emmanuel Babeau remains as Strategic Advisor to Group CEO through March 31, 2027 for smooth transition.
Andolina led Europe Region delivering robust growth and smoke-free progress; previously SVP Global Operations over 30,000 employees.
Babeau served as CFO since May 2020, oversaw Swedish Match acquisition and smoke-free revenue reaching 43% of net revenues in Q1 2026.
Andolina's compensation as CFO not yet determined; Babeau entitled to post-employment benefits for termination without cause.

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Executive movements

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Appointed

Massimo Andolina

Group Chief Financial Officer

PM · Philip Morris International Inc.

Effective: 2026-08-01
Filed: May 20, 2026 11:05 UTC

On May 18, 2026, the Board of Directors of Philip Morris International Inc. (the “Company”) approved the appointment of Massimo Andolina, the Company’s current President, Europe Region, as Group Chief Financial Officer, replacing Emmanuel Babeau, effective August 1, 2026.

Role change

Emmanuel Babeau

Strategic Advisor to Jacek Olczak, Group CEO PMI

PM · Philip Morris International Inc.

Effective: 2026-08-01
Successor: Massimo Andolina
Filed: May 20, 2026 11:05 UTC

Mr. Babeau will remain with the Company as Strategic Advisor to Jacek Olczak, Group CEO PMI through March 31, 2027 and to assist Mr. Andolina with his transition.

Source: SEC EDGAR

accession 0001628280-26-036721

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