PM finalizes CFO Andolina's compensation: CHF 1.05M base, 125% IC, 275% equity target

Philip Morris International Inc.

Massimo Andolina appointed Group CFO effective Aug 1, 2026, replacing Emmanuel Babeau.
Annual base salary set at CHF 1,050,010 (~$1.32M based on June 15 rate).
IC target 125% of base salary; equity target 275% (60% PSUs / 40% RSUs).
Employment agreement signed June 15, 2026; supersedes prior agreements.

item 5.02 item 9.01

Executive movements

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Appointed

Massimo Andolina

Group Chief Financial Officer

PM · Philip Morris International Inc.

Effective: 2026-08-01
Filed: June 16, 2026, 4:05 PM ET

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

Departed

Emmanuel Babeau

Group Chief Financial Officer

PM · Philip Morris International Inc.

Effective: 2026-08-01
Successor: Massimo Andolina
Filed: June 16, 2026, 4:05 PM ET

replacing Emmanuel Babeau, effective August 1, 2026.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Massimo Andolina was appointed as Group Chief Financial Officer at Philip Morris International Inc..

Action: appointed
Role: Group Chief Financial Officer

Exact text from the filing

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

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Emmanuel Babeau departed as Group Chief Financial Officer at Philip Morris International Inc..

Action: replaced
Role: Group Chief Financial Officer

Exact text from the filing

replacing Emmanuel Babeau, effective August 1, 2026.

View on SEC.gov

Philip Morris International Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-043531

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