Philip Morris CFO Emmanuel Babeau to step down; Massimo Andolina named successor effective Aug 1, 2026

Philip Morris International Inc.

Babeau will serve as Strategic Advisor through March 31, 2027, receiving base salary of CHF 1,260,012 and eligible for 2026 bonus.
Severance includes lump sum of CHF 1,260,012 plus CHF 393,754 in lieu of pro-rated 2027 bonus, plus accelerated RSU vesting.
Unvested PSUs will vest at scheduled date subject to performance targets; Babeau enters 24-month non-compete agreement.
Massimo Andolina, currently President Europe Region, becomes Group CFO on August 1, 2026, replacing Babeau.
Babeau's 2027 equity award will include only RSU portion (40% of total) if approved by Board.

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