Philip Morris International Inc. ·PM

Three presidents run parallel P&Ls under one group CEO

Food, Beverages & Tobacco · Fortune #121 · Divisional structure · 83K employees · Stamford, CT

View as of:

CEO span

↓ tighter than peers (avg 8)

Avg span

tight

Max depth

3 levels

3.2 yr

Avg tenure

stable vs FY2024

67%

Internal hires

↑ above industry avg

Consolidated financials FY2025 · period end 2025-12-31 · 10-K

Revenue

$40.6B

Operating income

$14.9B

Net income

$11.3B

Total assets

$69.2B

Shares out

1.56B

Sourced from Philip Morris International Inc. DEF 14A · filed 2026-03-26 ↗ View on SEC

Interactive org chart

Philip Morris International Inc. organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

Three presidents run parallel P&Ls under one group CEO. This page maps Philip Morris International’s divisional structure, executive team, and recent reorganization separating U.S., International, and smoke-free leadership, with analysis and peer comparison.

What to model

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Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal PMI Operating Model changed role as Shift to International and U.S. business units

Effective January 1, 2026, PMI reorganized into International and U.S. segments.

Source · See change log

Scenario views in the chart

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The people

Who's running this

7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

internal

Chief Consumer Officer & President, Smoke-Free Inhalables

Smoke-Free Products

4 yr

2 reports

Darlene Quashie Henry

Vice President, Associate General Counsel & Corporate Secretary

Legal

6 yr

0 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 2 named executive officers disclosed. Bar length scales with total compensation.

Jacek Olczak $29.1M

Base salary: $1.81M
Stock awards: $18.03M
Non-equity incentive: $5.22M
Pension change: $3.98M
Other: $27K
Fiscal year: FY2025
Source: SEC DEF 14A ↗

Emmanuel Babeau $26.9M

Base salary: $1.52M
Stock awards: $5.46M
Non-equity incentive: $2.51M
Pension change: $17.39M
Other: $23K
Fiscal year: FY2025
Source: SEC DEF 14A ↗

The businesses

How Philip Morris International Inc. divides the work

4 divisions report into the group CEO. Tile size scales with estimated headcount.

Europe Region

25K employees

President, Europe Region (Massimo Andolina)

Manages all PMI operations across European markets.

PMI International

35K employees

CEO PMI International (Frederic de Wilde)

Oversees international markets outside the U.S.

PMI U.S.

8K employees

CEO PMI U.S. (Stacey Kennedy)

Runs U.S. commercial operations including IQOS and ZYN.

Smoke-Free Products

12K employees

Chief Consumer Officer (Stefano Volpetti)

Leads development and commercialization of smoke-free products.

The thesis

Why this org is unusual

Three presidents with distinct geographic and product P&Ls report directly to the Group CEO, creating parallel divisional power centers.

The structure emphasizes regional autonomy while keeping finance, legal, and consumer strategy centralized. This design reflects PMI’s post-2026 reorganization separating International and U.S. businesses alongside smoke-free product leadership.

Parallel U.S. and International presidents
Dedicated smoke-free product president

The comparison

How Philip Morris International Inc. stacks up

Japan Tobacco ✓ COO — no CAIO

Imperial Brands — no COO — no CAIO

Current signals

What changed recently

The most significant change was PMI’s January 2026 reorganization separating U.S. and International businesses.

Jan 1, 2026 reorg
PMI Operating Model Shift to International and U.S. business units
Effective January 1, 2026, PMI reorganized into International and U.S. segments.
Source
Date not confirmed new
Massimo Andolina President, Europe Region
Appointed President of Europe Region in 2024.
Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025

DEF 14A filed 2026-03-26

CEO: Jacek Olczak
CEO span: 5
C-suite: 5
Avg tenure: 3.4 yr

Reorganization into U.S. and International segments announced.

Named executive officers (5)

Jacek Olczak - Group CEO since 2021
Emmanuel Babeau - Group CFO since 2021
Massimo Andolina - President, Europe since 2024
Frederic de Wilde - CEO PMI International since 2024
Stacey Kennedy - CEO PMI U.S. since 2023

FY2024

DEF 14A filed 2025-03-27

CEO: Jacek Olczak
CEO span: 5
C-suite: 5
Avg tenure: 4.1 yr

Regional structure still primary before 2026 reorg.

Named executive officers (5)

Jacek Olczak - CEO since 2021
Emmanuel Babeau - CFO since 2021
Frederic de Wilde - Regional President since 2022
Stacey Kennedy - President Americas since 2023
Stefano Volpetti - Chief Consumer Officer since 2022

FY2023

DEF 14A filed 2024-03-28

CEO: Jacek Olczak
CEO span: 5
C-suite: 5
Avg tenure: 4.8 yr

Smoke-free leadership elevated post Swedish Match acquisition.

Named executive officers (5)

Jacek Olczak - CEO since 2021
Emmanuel Babeau - CFO since 2021
Stefano Volpetti - Chief Consumer Officer since 2022
Frederic de Wilde - Regional President since 2022
Stacey Kennedy - Regional President since 2023

Year-over-year changes

FY2024 → FY2025

PMI announced and implemented a major operating model reorganization.

CEO span: 5 → 5
C-suite size: 5 → 5
Avg tenure: 4.1 → 3.4 yr

reorg Operating Model - Segment realignment (DEF 14A 2026-03-26)

Frequently Asked Questions

Who is the CEO of Philip Morris International?

Jacek Olczak has served as Group CEO since May 2021.

What type of organizational structure does Philip Morris International use?

PMI uses a divisional structure organized around U.S., International, and product-led businesses.

How many direct reports does Philip Morris International's CEO have?

The CEO has six direct reports, including three presidents and key functional leaders.

How has Philip Morris International's leadership changed recently?

In January 2026, PMI reorganized into separate U.S. and International business units.

Who reports directly to Philip Morris International's CEO?

The CEO’s direct reports include the CFO, presidents of Europe, International and U.S., the Chief Consumer Officer, and the Corporate Secretary.

Sources

10-K Filing, Feb 2026
Company Proxy, Mar 2025
SEC EDGAR: Philip Morris International Inc. DEF 14A Proxy Statement
SEC EDGAR: Philip Morris International Inc. 10-K Annual Report

Reference

Cite this page

If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.

APA 7th

Creately. (2026). Philip Morris International Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/philip-morris-international/

MLA 9th

"Philip Morris International Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/philip-morris-international/. Accessed .

Chicago 17

Creately. "Philip Morris International Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/philip-morris-international/.

Original SEC source View on SEC ↗

Philip Morris International Inc.. DEF 14A. Filed 2026-03-26. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1413329/000162828026021169/pmi-20260325.htm

Permanent URL: https://creately.com/org-chart/fortune-500/philip-morris-international/ · last updated 2026-04-01

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