---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-047782"
form_type: "8-K"
ticker: "PM"
cik: "0001413329"
company_name: "Philip Morris International Inc."
filed_at: "2026-07-09T20:05:53+00:00"
generated_at: "2026-07-09T20:07:27.539577+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-047782
- form_type: 8-K
- ticker: PM
- cik: 0001413329
- company_name: Philip Morris International Inc.
- filed_at: 2026-07-09T20:05:53+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1413329/000162828026047782/0001628280-26-047782-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1413329/000162828026047782/pm-20260706.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-047782
- JSON: https://secwatch.observer/filing/0001628280-26-047782.json
- Plain text: https://secwatch.observer/filing/0001628280-26-047782.txt

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