---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-043531"
form_type: "8-K/A"
ticker: "PM"
cik: "0001413329"
company_name: "Philip Morris International Inc."
filed_at: "2026-06-16T20:05:26+00:00"
generated_at: "2026-06-16T20:12:29.565426+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-043531
- form_type: 8-K/A
- ticker: PM
- cik: 0001413329
- company_name: Philip Morris International Inc.
- filed_at: 2026-06-16T20:05:26+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1413329/000162828026043531/0001628280-26-043531-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1413329/000162828026043531/pm-20260518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-043531
- JSON: https://secwatch.observer/filing/0001628280-26-043531.json
- Plain text: https://secwatch.observer/filing/0001628280-26-043531.txt

## Key facts
- Executive change
  Massimo Andolina was appointed as Group Chief Financial Officer at Philip Morris International Inc..
  - Action: appointed
  - Role: Group Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413329/000162828026043531/0001628280-26-043531-index.htm
- Executive change
  Emmanuel Babeau departed as Group Chief Financial Officer at Philip Morris International Inc..
  - Action: replaced
  - Role: Group Chief Financial Officer
  source text: replacing Emmanuel Babeau, effective August 1, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413329/000162828026043531/0001628280-26-043531-index.htm

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